Florida Citizens ‘Going Naked’ on Re Below Cat Fund Layer; Could Mean Assessment
Citizens Property Insurance Corporation, reinsurance, Florida Hurricane Catastrophe Fund, Insurance Regulation News, Florida hurricane season
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Citizens Property Insurance Corporation, reinsurance, Florida Hurricane Catastrophe Fund, Insurance Regulation News, Florida hurricane season
The Florida House of Representatives has passed a bill seeking to unwind key provisions of the 2022 insurance reforms that have led to recent improvements in the market. The House amended Senate Bill 832 to include a so-called “prevailing party” attorneys’ fee provision despite clear statements from the Office of Insurance Regulation, the Governor and […]
In an opinion piece in Florida Politics this week, former state Senator Garrett Richter identified Florida’s 2022 statutory reforms as the critical foundation of Florida’s improving property insurance market. He noted that from 2017 to 2022, Florida’s property insurance market devolved into one of the worst in the country. More than a dozen insurers became […]
Citizens Property Insurance Corporation, Office of Insurance Regulation, Insurance Regulation News, wind-only, property insurance claims, Michael Yaworsky, property coverage
Citizens Property Insurance Corporation, Insurance Regulation News, property insurance
The Florida legislative calendar typically ensures there’s no post-holiday haze as we return to work in the new year. This year’s session begins March 4, 2025, and lasts 60 days. This isn’t as early as some years— the session begins in January in even-numbered years. Still, committee meetings begin before the session starts so the […]
Citizens Property Insurance Corporation, Florida Legislature, Insurance Regulation News, property insurance
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