Citizens Property Insurance Corporation announced that a surcharge on Florida homeowners insurance premiums will end about two years earlier than originally planned. The assessment has been in place to pay off bonds from the 2005 hurricane season. The surcharge will end as of July 1, 2015. Inital projections would have extended the surcharge until June 30, 2017. Citizens is able to take this […]
Christopher B. Lunny and Angela D. Miles will speak at the 2014 HR Florida Conference & Expo, held October 6-8, at the Hilton Bonnet Creek in Orlando, Florida. Mr. Lunny will present “Potential Pitfalls in Compensation Practices” on Monday, October 6 from 1:00 PM – 2:00 PM. During the presentation, Mr. Lunny will discuss traditional […]
On September 18, 2014, Governor Rick Scott appointed Jimmy Patronis and reappointed Commissioner Julie Brown to the Florida Public Service Commission for four-year terms that begin January 2015. This is a second term for Commissioner Brown who was first appointed in 2011. Jimmy Patronis has been a member of the Florida House of Representatives since […]
On August 28, 2014, the Public Service Commission Nominating Council (Nominating Council) met to interview the “most qualified” applicants and to nominate candidates for appointment by the Governor for the two vacancies that will occur on the Florida Public Service Commission when the four-year terms of Commissioners Eduardo Balbis and Julie Brown expire in January 2015. […]
The Florida Office of Insurance Regulation has issued an order establishing the 2015 rates for Citizens Property Insurance Corporation’s personal lines programs. The statewide average homeowners rate decrease is 3.7%, which is a slightly greater reduction than the 3.4% decrease filed by Citizens. The OIR’s order sets rates for Citizens Homeowners’, Dwelling Fire, Mobile Homeowners and Mobile Homeowners Physical Damage policies. […]
On July 31, 2014, the Florida Public Service Commission Nominating Council (Nominating Council) met to designate a list of the “most qualified” applicants to be interviewed as candidates for the two vacancies that will occur on the Florida Public Service Commission when the four-year terms of Commissioners Eduardo Balbis and Julie Brown expire in January 2015. […]
A recently filed South Florida lawsuit seeks to have Florida’s 2012 Personal Injury Protection (PIP) reforms declared unconstitutional. The reforms were an effort to stem rising PIP rates and included a $2500 cap on non-emergency services while also removing certain types of services from PIP altogether. This is not the first lawsuit to challenge the […]
Democratic gubernatorial candidate Charlie Crist has named Miami-Dade County’s Annette Taddeo as his running mate. This selection might help Crist, who is from the Tampa/St. Petersburg area, increase his appeal to South Florida voters, women and Hispanics. Although Crist faces a primary opponent in former Senate majority leader Nan Rich, the focus of this year’s […]
Over the last few years, we have grown accustomed to talking about Citizens Property Insurance Corporation’s rates being inadequate and serving as an impediment to policies finding coverage in the admitted market. However, as the rate glide path in 2010 has continued to take effect each year, an increasing number of insurers have been assuming […]
Citizens Property Insurance Corporation has announced that it will not add renewal policies to its clearinghouse until closer to November 1 rather than August or September as previously planned. Currently, new business entering Citizens goes through the clearinghouse process, which allows participating insurers to identify policies meeting their desired underwriting criteria and make offers of coverage […]