Florida Senate passes property insurance revamp targeting roof damage, lawsuits
roof coverage, property insurance, Insurance Regulation News, Florida Legislature, Citizens Property Insurance Corporation
News & Updates
Citizens Property Insurance Corporation
Thousands sign petition urging lawmakers to pass ‘real property insurance relief’
Office of Insurance Regulation, property insurance, Insurance Regulation News, Florida Legislature, Citizens Property Insurance Corporation
Florida Legislative Session Begins
The annual 60-day legislative session begins in Florida on March 2, 2021. This session will feature accommodations designed to limit exposures to COVID-19. This includes most public testimony being presented by video stream from an offsite location in downtown Tallahassee. From an insurance perspective, the session will include substantial discussion about the auto and property […]
Senate Banking and Insurance Committee briefed on state’s property insurance woes
David Altmaier, property insurance, Insurance Regulation News, Florida Legislature, Office of Insurance Regulation, Citizens Property Insurance Corporation, Insurance Regulation
Committee Meetings Begin with Property Market Overview
The Florida legislature is returning to Tallahassee and preparing for its upcoming 2021 legislative session. Several key legislative committees hold hearings this week including the Senate Banking and Insurance Committee. The agenda for this week’s Banking and Insurance Committee meeting consists of presentations by Insurance Commissioner David Altmaier and President and Chief Executive Office of […]
Fla. lawmakers seeking new ways to curb wave of litigation against P&C insurers
property insurance, Florida Legislature, Office of Insurance Regulation, Citizens Property Insurance Corporation, Insurance Regulation News, Insurance Regulation
Florida Property Insurance Market Inches Closer to Crisis – Part 1
Insurance Regulatory News, property insurance, Office of Insurance Regulation, Citizens Property Insurance Corporation
Florida Citizens pays 20% more risk-adjusted, for 53% smaller renewal
property insurance, Insurance Regulation News, Citizens Property Insurance Corporation
Florida Market Study Will Evaluate Exposures, Strategies for Citizens Property Insurance
Exposure Reduction Study, florida state university, property insurance, Insurance Regulation News, Citizens Property Insurance Corporation
Rate Hearings Point to Continuing Concerns
In December 2019, Joe Petrelli of Demotech, Inc. sent a letter of Barry Gilway of Citizens Property Insurance Corporation describing several concerns with Florida’s residential property insurance market. Petrelli mentioned that several insurers could see downgrades to their Financial Stability Ratings. He acknowledged that last year’s assignment of benefits (AOB) reforms might be beneficial later. […]