By Anita Byer, Setnor Byer Insurance & Risk The National Oceanic and Atmospheric Administration recently updated its 2023 Atlantic hurricane season forecast, but not for the better. Prompted in part by record-warm sea surface temperatures, NOAA forecasters have increased their prediction for the ongoing 2023 Atlantic...
By Anita Byer, Setnor Byer Insurance & Risk Florida lawmakers just passed sweeping property insurance reforms to repair the state’s crumbling property insurance market. The Florida Legislature convened a second special legislative session in mid-December to address the current property insurance crisis. While significant reforms were...
By Anita Byer, Setnor Byer Insurance & Risk Florida’s property insurance market is in the midst of a crisis. According to the Insurance Information Institute, Florida’s domestic property insurers had net underwriting losses of more than $1 billion in both 2020 and 2021. In 2022, an...