Lisa Miller & Associates has released a comprehensive update on property insurance developments, highlighting several key issues including a lawsuit by the Florida Attorney General against a roofing company, hurricane rebuilding advice, the approval of two new insurers, a mid-year reinsurance report, and Florida's new open carry law.
According to Lisa Miller & Associates, Florida Attorney General James Uthmeier has initiated legal action against Jacksonville-based Florida Roof Specialists and its president, Jeremey Rogero. This follows 131 consumer complaints alleging that the company misled customers by offering to manage roof insurance claims without additional costs but subsequently charged supplemental fees exceeding insurance payouts. As reported by WFLA-TV in Tampa, some homeowners who resisted payment faced liens and foreclosure lawsuits. State officials have described these practices as "deceptive, unfair, and unconscionable."
The Florida Office of Insurance Regulation (OIR) has recently approved Stand Insurance Exchange and Praxis Reciprocal Exchange as the 16th and 17th insurers to enter the market following legislative reforms in 2022–2023. These companies have collectively contributed over $574 million in policyholder surplus to bolster Florida’s insurance capacity. OIR's press release states that both insurers will assume 25,000 Citizens Property Insurance Corporation policies each in December 2025. This move supports ongoing efforts to reduce Citizens’ portfolio from over 1.4 million policies in 2023 to fewer than 780,000.
Gallagher Re’s mid-year 2025 reinsurance report indicates that global dedicated reinsurance capital has increased to $805 billion, marking a 4.8% rise from year-end 2024. Although reinsurers' return on equity (ROE) remains robust at 17.7%, it has slightly decreased from 19.6% in mid-2024. The underlying ROE also fell from 15.2% to 12.6%. According to Reinsurance News, reinsurers are expected to sustain profitability with an anticipated underlying ROE of 13–14% for the year if natural catastrophe losses remain average, potentially leading to an 8% capital increase by year-end.
Lisa Miller & Associates is a government consulting and lobbying firm based in Florida that specializes in insurance, disaster recovery, and regulatory policy. Founded by Lisa Miller, a former Deputy Insurance Commissioner of Florida, the firm offers advocacy services along with compliance guidance and strategic communication support for insurers, businesses, and government entities. Its official website notes that the firm publishes a weekly Property Insurance News digest providing analysis on litigation trends and policy developments impacting Florida’s insurance sector.