Taming Florida’s Hurricane Catastrophe Fund
Citizens Property Insurance Corporation, Florida Hurricane Catastrophe Fund, Insurance Regulation News
News & Updates
Citizens Property Insurance Corporation
Florida’s Citizens insurance wants to up rates
Citizens Property Insurance Corporation, Florida Legislature, Insurance Regulation News, Governor Rick Scott
Governor Scott Pushes for Answers on Citizens Property Insurance
Over the course of many years, there has been no shortage of discussion in Tallahassee about the status and role of Citizens Property Insurance Corporation (and its predecessors). Raise its rates or cap them? Promote depopulation or getting rid of it, or use it as a safety valve for affordable coverage? After several years of […]
A.M. Best Insurance Law Podcast Discusses FHCF Reform
I recently recorded a podcast in the latest episode of A.M. Best’s Insurance Law Podcast, a series that examines timely and important legal issues affecting the insurance industry from an attorney’s point of view. In this episode, I discussed the pending proposal by the Florida Hurricane Catastrophe Fund to shrink its size and increase its costs over a […]
Commissioner McCarty Wraps Up Big Week
The last week has brought good news to Commissioner Kevin McCarty and the Florida Office of Insurance Regulation. Governor Risk Scott recently commented that he is saitisfied with the job Commissioner McCarty has been doing and expects the OIR to be part of the solution as he pushes toward reducing the size of Citizens Property […]
Gov. Scott, Cabinet to be briefed on PIP coverage
Citizens Property Insurance Corporation, Office of Insurance Regulation, PIP, Insurance Regulation News, Insurance Consumer Advocate, Chief Financial Officer
Bills to let less regulated insurers take over Citizens policies
Citizens Property Insurance Corporation, Insurance Regulation News, property insurance, surplus lines insurance
Property insurer’s board ratifies rate increases
Citizens Property Insurance Corporation, Office of Insurance Regulation, Insurance Regulation News
Right-Sizing FHCF Adds Certainty But Affects Market Competitiveness
One of the most significant legislative proposals for the upcoming session in the residential property arena will be reducing the size of the FHCF. Jack Nicholson of the FHCF has said that while the FHCF currently projects that it could meet its mandatory obligations, worldwide financial conditions have reduced the margin for doing so to […]
Official cuts Citizens sinkhole rate request
Citizens Property Insurance Corporation, Office of Insurance Regulation, Insurance Regulation News, sinkholes