News & Updates

Citizens Property Insurance Corporation

FHCF Right Sizing Proposal Up for Hearing

FHCF Right Sizing Proposal Up for Hearing

| Written By: Travis Miller | Insurance

The so-called “right-sizing” proposal of the Florida Hurricane Catastrophe Fund (FHCF) is on the agenda of the Senate Budget Subcommittee on General Government Appropriations today.  This proposal would increase the FHCF’s retention over time, and reduce the amount of coverage it makes available to residential property insurers. I have written about this proposal, known in […]

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Citizens Assessment Revision in Hands of Senate

Citizens Assessment Revision in Hands of Senate

| Written By: Travis Miller | Insurance

The Florida House of Representatives has advanced HB 1127 by a vote of 89-25, sending it to the Senate for consideration.  This is the bill that would decrease the reliance of Citizens Property Insurance Corporation on regular assessments, shifting instead to more of an emergency assessment-based approach.  This is a rare bill in which Citizens, […]

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Citizens Survey Reflects Market Concerns

Citizens Survey Reflects Market Concerns

| Written By: Travis Miller | Insurance

Citizens Property Insurance Corporation recently sent a survey to companies authorized to write property insurance in Florida seeking their input regarding impediments to depopulation.  Citizens’ policy count has increased dramatically in recent months, and interest in so-called take-out has been limited.  The reconstituted depopulation committee of Citizens met last week to consider the results.  The […]

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The Foreseeable Consequences of SB 1372

The Foreseeable Consequences of SB 1372

| Written By: Travis Miller | Insurance

A proposal to reduce the size of the Florida Hurricane Catastrophe Fund (FHCF) remains under consideration in the Florida Senate in the form of SB 1372.  A similar proposal exists in the House of Representatives but has not advanced thus far in the 2012 legislative session. This proposal, which has been termed the FHCF “right-sizing” […]

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