News & Updates

Florida Hurricane Catastrophe Fund

Regulatory Reform Transition Team Releases Summary Document

Regulatory Reform Transition Team Releases Summary Document

The regulatory reform transition team assembled by Governor-elect Rick Scott has released a document summarizing some of the key elements that will guide the Governor’s administration in the coming months and years.  The summary asserts that Florida’s regulatory system in general has lost touch with its strategic purpose and has a culture of imposing barriers rather […]

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Florida Hurricane Catastrophe Fund to Revise Reporting Rules

Florida Hurricane Catastrophe Fund to Revise Reporting Rules

The Florida Hurricane Catastrophe Fund on December 17, 2010 proposed amendments to administrative rules adopting its exposure and loss reporting forms.  The proposed revisons would make a series of changes to the FHCF data call, to which insurers respond each year providing the characteristics of their in-force portfolios.  In addition, the proposed rules would amend […]

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OIR Hosts Property Insurance Symposium

OIR Hosts Property Insurance Symposium

At the end of the recent NAIC conference in Orlando, the Office of Insurance Regulation held a symposium on the state of Florida’s property insurance market.  The session recapped many of the known concerns about the current market, including the role of sinkholes, re-opened hurricane claims, and public adjusters in driving up insurers losses and […]

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