Harding: Certainty in property insurance reform: Rates will rise
property insurance, Insurance Regulation News, Florida Legislature, Citizens Property Insurance Corporation
News & Updates
Citizens Property Insurance Corporation
Differences in Property Legislation Remain at Session’s Midpoint
As we have now reached the midpoint of the 2011 legislative, some of the key elements of this year’s property insurance legislation still differ in significant ways between the House and Senate versions. Property legislation tends to go down to the wire each year, and this year looks like it will be no exception. Some […]
Taxpayer-Funded Property Insurance Corporation?
Senator J.D. Alexander ran an amendment to this year’s Senate property insurance bill to underscore a point he has been making for quite some time– if Citizens Property Insurance Corporation does not charge premiums commensurate with its risks, the shortfalls in the form of assessments in essence are a form of tax on all Floridians. The […]
Property insurance overhaul by Legislature aiding insurers or consumers?
property insurance, Insurance Regulation News, Office of Insurance Regulation, Citizens Property Insurance Corporation
Legislative Session Kicks Off With a Full Property Insurance Agenda
The 2011 legislative gets underway with several property insurance bills on its agenda. Both the Senate and the House of Representatives have major property insurance bills on file that include numerous revisions to the property insurance laws, and in particular to laws governing residential property insurance. Perhaps the biggest issue of the 2011 session will […]
Commissioner McCarty Identifies Top Five P&C Issues
Florida Insurance Commissioner Kevin McCarty has been discussing the “cost drivers” affecting Florida’s property insurance market since last year’s legislative session. As the 2011 session draws near, Commissioner McCarty continues to identify the key factors affecting property and casualty insurers in Florida. McCarty top five issues include the following: 1. Attracting Capital– Commissioner McCarty points […]
Office of Insurance Regulation Releases PML Report
The Florida Office of Insurance Regulation (OIR) has released its Annual Report of Aggregate Net Probable Maximum Losses, Financing Options and Potential Assessments. The report describes the potential impact of 50-year, 100-year and 250-year events on the Florida Hurricane Catastrophe Fund (FHCF) and Citizens Property Insurance Corporation (Citizens). Events ranging from a 50-year storm to […]
Limited Apportionment Company Petition Available
Citizens Property Insurance Corporation has released the form by which insurers may seek limited apportionment company status for 2011. In cooperation with the Office of Insurance Regulation, Citizens has informed insurers they must submit their requests to the OIR on or before March 31, 2011. To qualify as a limited apportionment company, an insurer must […]
Time bomb of rising bills awaits Floridians
Rick Scott, Insurance Regulation News, Florida Legislature, Citizens Property Insurance Corporation
New era dawns in Tallahassee
Florida Cabinet, Rick Scott, Jeff Atwater, Citizens Property Insurance Corporation