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Governor Ron DeSantis’ proclamation declaring a special session on property insurance identifies its scope and provides insight into the upcoming debate. The proclamation specifies the special session will consider (a) property insurance, (b) reinsurance, (c) changes to the Florida Building Code to improve the affordability of property insurance, (d) the Office of Insurance Regulation, (e) […]
Citizens Property Insurance Corporation, roofing claims, David Altmaier, Florida Cabinet, property insurance, Insurance Regulation News, Office of Insurance Regulation
2022 Legislative Session, homeowners, property insurance, Insurance Regulation News, Florida Legislature, Citizens Property Insurance Corporation
Florida Legislature, Insurance Regulation News, Department of Financial Services, Office of Insurance Regulation, Citizens Property Insurance Corporation, Insurance Regulation
homeowners, property insurance, Insurance Regulation News, Office of Insurance Regulation, Citizens Property Insurance Corporation
property insurance, Florida Legislature, Florida Hurricane Catastrophe Fund, Citizens Property Insurance Corporation, Insurance Regulation News
property insurance, Insurance Regulation News, Florida Legislature, Citizens Property Insurance Corporation
Citizens Property Insurance Corporation’s president Barry Gilway recently projected the organization’s policy count could reach between 1 million and 1.3 million policies in 2022. Its policy count has been increasing steadily since late last year as adverse market conditions have eroded capital and reduced insurers’ willingness to write policies in several areas of the state. […]
The “Made in America” tax plan is drawing considerable opposition from observers familiar with Florida’s property insurance market. Its provisions labeled Stopping Harmful Inversions and Ending Low-tax Developments (SHIELD) are intended to close loopholes allowing corporations to avoid taxes through multi-national business structures. The proposal would establish a global minimum tax of 15 to 21%. […]
Citizens Property Insurance Corporation has continued to grow at a troubling rate in recent weeks. Its policy count topped 660,000 policies at the end of July. This represents an increase of about 23,000 policies compared to its June total, meaning Citizens continues to add policies at a rate of more than 5,000 per week. Citizens […]
