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Property insurance issues have dominated the legislative session in nearly every year since Hurricane Andrew. If property insurance was not the most prevalent issue in a given session, it certainly ranked in the top five topics being considered. Over the last twenty years, the legislature has established the Florida Hurricane Catastrophe Fund, merged the former […]
The policy count at Citizens Property Insurance Corporation has dropped below 600,000, reaching an all-time low. Citizens was created a dozen years ago with the merger of the Florida Residential Property and Casualty Joint Underwriting Association and the Florida Windstorm Underwriting Association. At that time, the newly combined organization had 602,000 policies. Citizens broke that […]
Insurance committees in both the House of Representatives and the Senate meet today to consider a range of bills. The action begins in the House at 9:00, where the committee will hear HB 715 relating to Citizens Property Insurance Corporation as well as several other measures. In the afternoon, the Senate Banking & Insurance Committee […]
The Office of Insurance Regulation has issued an order to insurers advising that the Citizens Property Insurance Corporation emergency assessment relating to a 2005 plan year deficit will end effective July 1, 2015. The OIR’s order follows action by the Citizens Property Insurance Corporation Board of Governors relating to the defeasance of bonds issued in […]
The 60-day Florida legislative session kicks off today. As always, the legislature will hear a number of bills related to property and casualty insurance as well as life and health insurance. Legislative committees already have been meeting and considering bills for the current session. In the property and casualty arena, the legislature may consider bills […]
Florida CAT Fund, OIR, property insurance, Florida Legislature, Citizens Property Insurance Corporation, Insurance Regulation
OIR, Florida Legislature, Citizens Property Insurance Corporation, public adjuster, Insurance Regulation
reinsurance costs, OIR, flood insurance, Citizens Property Insurance Corporation, Insurance Regulation
residential insurance, hurricane season, Office of Insurance Regulation, Kevin McCarty, Citizens Property Insurance Corporation, Insurance Regulation
Florida Hurricane Catastrophe Fund, hurricane season, Office of Insurance Regulation, Citizens Property Insurance Corporation, Insurance Regulation
