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Split Decision: Florida Districts Clash Over Insurance Coverage for Unperformed Repairs

The Property Insurance Law Observer

In the recent decision Universal Property & Casualty Insurance Co. The court emphasized that under both the insurance policy’s plain language and Florida Statute ยง627.7011(3)(a), payment of replacement cost value is contingent upon the actual completion of repairs. in damages.

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2022 P&C Underwriting Profitability Seen Worsening as Inflation, Hard Market Persist

Triple-I: Business Insurance

The property & casualty insurance industryโ€™s combined ratio โ€“ an indicator of underwriting profitability โ€“ is forecast at 100.7 Combined ratio represents the difference between claims and expenses paid and premiums collected by insurers. for 2022, up 1.2