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The House Insurance Committee is scheduled to hear several insurance bills in a meeting today: HB 53 would apportion part of the Florida Hurricane Catastrophe Fund’s investment income to the Florida Catastrophic Storm Risk Management Center associated with Florida State University. HB 119 would amend the definition of assets at Section 625.012, Florida Statutes, to […]
The Senate Banking and Insurance Committee approved a bill that would use a portion of the Florida Hurricane Catastrophe Fund’s investment income to support the Florida Catastrophic Storm Risk Management Center at Florida State University. Under the formula set forth in the bill, the Storm Center would have received a little less than $500,000 annually […]
The Florida Catastrophic Storm Risk Management Center has released a report discussing implementation of Florida’s mitigation discount program for residential property insurance. This report is the third in a series of recent studies identifying significant concerns with the way the current system of mitigation discounts has affected the residential property insurance market. The Florida Commission […]
