Florida Citizens ‘Going Naked’ on Re Below Cat Fund Layer; Could Mean Assessment
Florida hurricane season, Insurance Regulation News, Florida Hurricane Catastrophe Fund, reinsurance, Citizens Property Insurance Corporation
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Florida hurricane season, Insurance Regulation News, Florida Hurricane Catastrophe Fund, reinsurance, Citizens Property Insurance Corporation
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 […]
property coverage, Michael Yaworsky, property insurance claims, wind-only, Insurance Regulation News, Office of Insurance Regulation, Citizens Property Insurance Corporation
property insurance, Insurance Regulation News, Citizens Property Insurance Corporation
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 […]
property insurance, Insurance Regulation News, Florida Legislature, Citizens Property Insurance Corporation
Florida property market, Homeowner's Insurance, Insurance Regulation News, residential insurance, Citizens Property Insurance Corporation, top Florida insurers
Citizens Property Insurance Corporation, insurer of last resort, property insurance market, Atlantic Hurricane Season, Insurance Regulation News
Hurricane Milton, Hurricane Helene, Florida Office of Insurance Regulation, property insurance, Insurance Regulation News, Florida Legislature, hurricane season, Citizens Property Insurance Corporation