There are new property insurance rules for Florida’s insurance carriers requiring elaborate document and process changes.

Don’t let the beautiful Florida sunshine blind you to the storm brewing in the personal lines property market. 

At the recent Florida Insurance Market Summit (FIMS), the legal and governmental consulting firm Colodny Fass presented some sobering statistics regarding the magnitude of the Florida homeowners insurance market “storm” in 2022:

Is Telematics a Catch-All Solution? Not Quite.

Gaining a better understanding of how people actually drive (mileage, braking, speeding, etc.) has been a primary goal of many Auto Insurers for years. Having better data allows Auto Insurers to make more personalized policies, price premiums more effectively, and be more competitive in a crowded landscape.

For this Advisory Report, AAIS sat down with Ryan Purdy, Director at Merlinos & Associates - a Davies Company, to discuss key takeaways from the recent Florida Chamber of Commerce Insurance Summit. He also touched on key trends to look for moving into 2023 as well as updates specifically seen across the Florida insurance market.

The Economy/Inflation, Talent Acquisition and Litigation Top Concerns; Integrity, Security and Accuracy Lead Priorities for Data/Technology

Throughout 2022, AAIS conducted several surveys from a cross-section of insurance professionals, many associated with insurance industry events. What emerged from these various surveys was a view of the top issues and concerns facing the industry as well as the priorities placed on data and technology initiatives. This summary presents the aggregated results of those surveys. We trust this information is useful for AAIS Members and other industry stakeholders as a catalyst for discussions surrounding the development of solutions for the most pressing issues that lie ahead.

Premium leakage is a critical issue for carriers writing personal auto insurance, particularly with the rising severity of claims. However, by utilizing data and building partnerships with auto manufacturers, data providers, and new insurtech vendors, carriers can take steps to limit exposures due to incorrect mileage and garaged locations. Join us in building a community to solve this problem.

For this Regulatory Brief, AAIS sat down with Kathleen Birrane, Maryland Insurance Commissioner, to discuss issues related to the cyber risk and insurance market.

For this Regulatory Brief, AAIS speaks with Eric Dunning, Director of the Nebraska Department of Insurance, to discuss insurtechs and the importance of the annual Insurtech on the Silicon Prairie meeting.

For this Regulatory Brief, AAIS sat down with George Bradner, Assistant Deputy Commissioner of the Connecticut Insurance Department, to discuss the use of modern technologies to streamline processes for more efficient filings moving into 2023.

At the recent NAIC meeting in Tampa, AAIS asked Julie Holmes, Director of Rate and Forms Compliance at the Kansas Department of Insurance for an overview of upcoming changes to forms filing procedures in the State.