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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. […]
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 […]
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 […]
Citizens Property Insurance Corporation, Office of Insurance Regulation, Florida Legislature, Insurance Regulation News, property insurance, Governor Rick Scott
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 […]
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 […]
Citizens Property Insurance Corporation, Office of Insurance Regulation, Florida Hurricane Catastrophe Fund, Florida Legislature, Insurance Regulation News, property insurance
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 […]
As the 2013 legislative session approaches, the respective insurance committees of the Florida Senate and House of Representatives are beginning to address issues related to Citizens Property Insurance Corporation. Citizens continues to take on 8000 new policies a week, and notwithstanding substantial depopulation activity late this year its policy count will drift back up as […]
Citizens Property Insurance Corporation, Kevin McCarty, Office of Insurance Regulation, Florida Legislature, PIP, Insurance Regulation News, property insurance
