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FHCF Enters Hurricane Season in Strong Financial Position

FHCF Enters Hurricane Season in Strong Financial Position

The Florida Hurricane Catastrophe Fund (FHCF) begins the 2020 in a strong position to pay reimbursements to insurers if the need arises this year.  The FHCF releases estimates of its claims-paying capacity in May and October of each year.  The FHCF projects having $11.62 billion of cash on hand plus $650 million in pre-event note […]

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Hurricane Season Begins as COVID-19 Uncertainty Continues

Hurricane Season Begins as COVID-19 Uncertainty Continues

June 1 marks the official start of the Atlantic Hurricane Season, although tropical storms Arthur and Bertha chose to not follow arbitrary calendar dates. Forecasters warn that the United States will have a more active hurricane season than usual this year. This prediction would cause concerns in any year. This is especially the case in […]

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Florida Continues Gradual Reopening Process

Florida Continues Gradual Reopening Process

Florida has moved into a full implementation of Phase 1 reopening.  This follows a brief period in which the state reopened at a pace more conservative than most commonly described as Phase 1.  Governor Ron DeSantis described the increase in Phase 1 activities as “things the state could have done but didn’t do initially.” In […]

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Florida Moves Into Phase One of Recovery

Florida Moves Into Phase One of Recovery

Most parts of Florida have moved into “Phase One” of resuming daily activities as the country gradually, and hopefully, moves past the height of COVID-19 concerns.  Phase One marks the expiration of Florida’s “Safer at Home” directive in which citizens were asked to largely remain in their homes and avoid non-essential activity. For Phase One, […]

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Florida Reevaluates Hurricane Response Plans Due to COVID-19

Florida Reevaluates Hurricane Response Plans Due to COVID-19

Florida’s Division of Emergency Management is revisiting hurricane response plans in light of the potential continuing effects of the COVID-19 pandemic.  The Atlantic Hurricane Season begins in a little over a month, so the state faces a likelihood that its hurricane response efforts might need to be adjusted this year compared to prior years. In […]

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DFS Grants Licensing Flexibility During COVID-19 Crisis

DFS Grants Licensing Flexibility During COVID-19 Crisis

Florida’s Chief Financial Officer (CFO) Jimmy Patronis has issued directive 2020-07 allowing the Department of Financial Services to issue agent licenses even if the testing requirement is not met.  CFO Jimmy Patronis commented, “The licensing of insurance agents came to a complete standstill when a testing vendor shut their doors due to COVID-19. This has […]

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Is Florida Open for Business in the Wake of the Governor DeSantis’ Executive Order 20-91?

Is Florida Open for Business in the Wake of the Governor DeSantis’ Executive Order 20-91?

On April 1, 2020, Governor Ron DeSantis issued Executive Order 20-91, which directed individuals starting April 3, 2020, at 12:01am to limit their movements and personal interactions outside of their home “to only those necessary to obtain or provide essential services or conduct essential activities.”  Executive Order 20-91, § 1.B.  Rather than delineating specifically what […]

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OIR Issues Memorandum on COVID-19 Preparedness

OIR Issues Memorandum on COVID-19 Preparedness

The Florida Office of Insurance Regulation has issued Information Memorandum OIR-20-03M related to insurers’ business continuity plans and preparedness for the COVID-19 pandemic.  The OIR issued the memorandum in response to Executive Order 20-51 issued by Governor Ron DeSantis establishing COVID-19 response protocols.  Governor DeSantis also issued Executive Order 20-52 declaring a state of emergency […]

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COVID-19 Update

COVID-19 Update

To our clients and friends, As efforts to mitigate the spread of the COVID-19 coronavirus intensify, Radey continues to emphasize the health and safety of our employees while providing the client service you’ve come to expect.  Currently, we are not experiencing any physical disruptions at our office or in the Tallahassee community.  However, in the […]

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