Editorial: Citizens vs. the market
Governor Rick Scott, property insurance, Insurance Regulation News, Florida Legislature, Office of Insurance Regulation, Citizens Property Insurance Corporation
News & Updates
Citizens Property Insurance Corporation
Senate panel to prep massive changes to property insurance market
Office of Insurance Regulation, property insurance, Insurance Regulation News, Florida Legislature, Florida Hurricane Catastrophe Fund, Citizens Property Insurance Corporation
CFO Atwater Supports Comprehensive Approach to Property Market
Florida Chief Financial Officer Jeff Atwater spoke before the Senate Banking & Insurance Committee to say that “standing still” on Florida property insurance issues is not an option. Atwater encouraged the committee to pursue legislation designed to reduce the potential assessment burden on all Floridians that would arise from deficiencies in the state-created insurance entities. […]
Legislative Session to Cover a Range of Insurance Issues
The New Year’s celebrations are over and it’s back to work in Tallahassee. Before the annual legislative session begins in March, the Florida Legislature will hold a series of committee weeks to continue considering proposals for 2013. The insurance-related issues under consideration will range from health insurance to property insurance to workers’ compensation. The following […]
Bills Highlight Differences of Opinion on Citizens Rates
Citizens Property Insurance Corporation often finds itself in the middle of widely varying opinions on how it should conduct its business. For everyone who says Citizens should reduce its size, someone else will say that Citizens indeed should offer below-market insurance products to consumers. The result, at least currently, is that Florida has a residual […]
Insurance costs rise despite lack of storms
Governor Rick Scott, property insurance, Insurance Regulation News, Florida Legislature, Office of Insurance Regulation, Citizens Property Insurance Corporation
New Year Will Get Off to Fast Start
The ball has barely finished dropping in Times Square as the world of Florida insurance begins to pick up steam in 2013. The legislature’s annual 60-day session begins March 5, 2013. However, the legislature will hold committee meetings leading up to the session (and in fact had some meetings before the holidays). A few bills have […]
2012 Saw its Share of Insurance Issues
By some standards, there were fewer blockbuster issues in the Florida insurance market in 2012 than in some prior years. After all, this was not a year in which the legislature needed to tackle workers’ compensation or medical malpractice reform, and efforts at bad faith reform stalled fairly early in the legislative session. Florida thankfully […]
Guest column: Sandy should be our wake-up call
property insurance, Insurance Regulation News, Florida Legislature, Florida Hurricane Catastrophe Fund, Office of Insurance Regulation, Citizens Property Insurance Corporation
Atwater Wants Cabinet Oversight of Citizens Inspector General
Chief Financial Office Jeff Atwater has suggested that the Governor and Cabinet, serving as the Financial Services Commission, oversee the selection of an Inspector General to review Citizens Property Insurance Corporation. Atwater also wants the Inspector General to report to the Financial Services Commission for at least 12 months. Governor Rick Scott recently called for […]