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 employers will be paying less for workers’ compensation insurance in 2023. The Florida Office of Insurance Regulation approved an overall average statewide decrease of 8.4 percent in workers’ compensation insurance premiums. The rate decrease will apply to...
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...
By Anita Byer, Setnor Byer Insurance & Risk In case you forgot, Florida’s minimum wage is increasing by $1 at the end of the month. On September 30, 2022, Florida’s minimum wage will increase to $11 per hour. The minimum wage for tipped employees, which must...
By Anita Byer, Setnor Byer Insurance & Risk Florida enacted a new “milestone inspection” requirement for condominium associations to ensure aging buildings remain safe for continued use. The hope is that a statewide mandatory structural inspection requirement will prevent a repeat of last year’s tragic collapse...
By Anita Byer, Setnor Byer Insurance & Risk Did you know that the first week of May is Hurricane Preparedness Week? The National Oceanic and Atmospheric Administration sponsors this week to raise awareness of the hazards posed by tropical storms and hurricanes. And to encourage everyone...
By Anita Byer, Setnor Byer Insurance & Risk The Florida Department of Health made significant changes to its COVID-19 guidance for child care facilities. On February 24, 2022, Florida’s Governor and State Surgeon General jointly announced the new guidance as part of their “Buck the CDC”...
By Anita Byer, Setnor Byer Insurance & Risk Citizens Property Insurance Corporation, Florida’s insurer of last resort, is planning to drastically increase the number of residential property inspections in the coming years. Citizens inspected roughly one percent of all its policies in-force last year and plans...
By Anita Byer, Setnor Byer Insurance & Risk Did you know that the U.S. experienced 308 billion-dollar weather and climate disaster events since 1980? According to the National Oceanic and Atmospheric Administration, the total cost of these events exceeds $2 trillion. Since 1980, the U.S. averaged...
By Anita Byer, Setnor Byer Insurance & Risk The largest minimum wage increase in Florida history is just weeks away! On September 30th, Florida’s minimum wage will increase to $10 per hour. That’s $1.35 more per hour than the current minimum wage and $1.44 more than...