Anne Geggis

3 weeks ago | palmbeachpost.com | Anne Geggis

Florida's insurance market shows signs of improvement, with insurers profitable for the first time in eight years. Hurricane risk remains a major concern, and future catastrophic storms could reverse positive trends. Insurance premiums in Florida remain high, but increases have slowed significantly. Legislative changes limiting lawsuits against insurers have contributed to market stabilization. Debate continues regarding the balance between consumer protection and insurer solvency.

3 weeks ago | palmbeachpost.com | Anne Geggis

Slide Insurance, a Florida-based company, paid its CEO and COO more than $50 million total in 2023 and 2024. Much of Slide's business comes from Citizens Property Insurance Corp. policyholders who were essentially forced to switch. Critics find the executive compensation "grotesque," given Florida's insurance woes and high premiums. Slide's profits grew substantially from 2023 to 2024, while its reliance on reinsurance raises concerns, among industry observers about its long-term stability.

3 weeks ago | yahoo.com | Anne Geggis

The explosion is coming: The number of people 85 and older will nearly double in the next 10 years, according to the U.S. Census and, unless there’s a miracle that halts aging, it’s likely to increase the demand for healthcare like never before. Early signs foretell that the cost of medical care and living into advanced age with the right support is going to be an expensive proposition, fraught with complex and costly decisions.

4 weeks ago | palmbeachpost.com | Anne Geggis

A new Florida website details how homeowners can save money on windstorm insurance premiums by implementing hurricane mitigation measures. Wind mitigation inspections, performed by qualified inspectors, can identify improvements that strengthen homes against hurricanes and lower insurance costs. Find that state-required form, provided by insurers, that outlines eligible improvements for premium discounts, such as roof-to-wall connections and roof upgrades.

1 month ago | palmbeachpost.com | Anne Geggis

Around 4 million Floridians on ACA plans could face large premium increases if enhanced subsidies expire in 2025. The House Republican budget bill proposes ending these subsidies, impacting Florida significantly due to its high ACA enrollment. The bill aims to cut spending, impacting Medicaid and potentially leaving millions without insurance by 2034. Enhanced subsidies significantly lower premiums, and their expiration could increase average annual payments by 93%.