Cat Fund reform is crumbs, Floridians need a feast: Demotech’s Petrelli
Citizens Property Insurance Corporation, Florida Legislature, Insurance Regulation News, property insurance, Florida CAT Fund, Demotech, Florida special session
News & Updates
Citizens Property Insurance Corporation
Governor’s Proclamation Outlines Scope of Session
Governor Ron DeSantis’ proclamation declaring a special session on property insurance identifies its scope and provides insight into the upcoming debate. The proclamation specifies the special session will consider (a) property insurance, (b) reinsurance, (c) changes to the Florida Building Code to improve the affordability of property insurance, (d) the Office of Insurance Regulation, (e) […]
Cabinet meets over Florida’s dysfunctional insurance market and lingering Russian investments
Citizens Property Insurance Corporation, Office of Insurance Regulation, Insurance Regulation News, property insurance, Florida Cabinet, David Altmaier, roofing claims
Homeowners insurance: Florida Legislature fails to pass major reform bills. What happens now?
Citizens Property Insurance Corporation, Florida Legislature, Insurance Regulation News, property insurance, homeowners, 2022 Legislative Session
Insurers That Assume Insolvents’ Policies Could be Covered by Florida Cat Fund
Citizens Property Insurance Corporation, Office of Insurance Regulation, Florida Legislature, Department of Financial Services, Insurance Regulation News, Insurance Regulation
Citizens’ policies jump as Florida lawmakers seek to steer people to private insurers
Citizens Property Insurance Corporation, Office of Insurance Regulation, Insurance Regulation News, property insurance, homeowners
Florida Lawmakers May Hold Off on More Insurance Reforms, Despite Warnings
Citizens Property Insurance Corporation, Florida Hurricane Catastrophe Fund, Florida Legislature, Insurance Regulation News, property insurance
As property insurance rates skyrocket, Florida ‘insurer of last resort’ seeks to become less attractive
Citizens Property Insurance Corporation, Florida Legislature, Insurance Regulation News, property insurance
Citizens Heading Toward 1 Million Policies
Citizens Property Insurance Corporation’s president Barry Gilway recently projected the organization’s policy count could reach between 1 million and 1.3 million policies in 2022. Its policy count has been increasing steadily since late last year as adverse market conditions have eroded capital and reduced insurers’ willingness to write policies in several areas of the state. […]
Made in America Tax Plan Causes Concerns in Florida
The “Made in America” tax plan is drawing considerable opposition from observers familiar with Florida’s property insurance market. Its provisions labeled Stopping Harmful Inversions and Ending Low-tax Developments (SHIELD) are intended to close loopholes allowing corporations to avoid taxes through multi-national business structures. The proposal would establish a global minimum tax of 15 to 21%. […]