Florida 1.3% Hurricane Tax to End in January
property insurance, Florida Hurricane Catastrophe Fund, hurricane season, Citizens Property Insurance Corporation
News & Updates
Florida Hurricane Catastrophe Fund
FHCF Assessment to End Early
The assessment imposed by the Florida Hurricane Catastrophe Fund (FHCF) will end 18 months earlier than previously projected. Governor Scott and the Cabinet voted to terminate the assessment as of January 1, 2015 rather than the scheduled July 1, 2016, end date. The assessment currently is 1.3% of premiums. Insurers add the assessment amount to […]
Property owners better protected as hurricane season nears
property insurance, Florida Hurricane Catastrophe Fund, hurricane season, Office of Insurance Regulation, Citizens Property Insurance Corporation
Florida’s insurance fund strong for storm season
property insurance, Florida Hurricane Catastrophe Fund, hurricane season, Office of Insurance Regulation
SB 542 Aims to Encourage Private Flood Insurance Programs
The Florida legislature adopted SB 542 intended to encourage admitted market insurers to write personal residential flood insurance programs. If approved by the Governor, the bill will make changes to Florida’s rating law and modeling review process to facilitate private flood products. Section 627.062, Florida Statutes, lists factors to be considered by the Office of […]
Shift Florida’s storm risk before a ‘big one’ hits
State Board of Admin, OIR, Florida Hurricane Catastrophe Fund, Citizens Property Insurance Corporation, Insurance Regulation
Session Outlook 2014: Insurance
flood insurance, property insurance, Florida Legislature, Florida Hurricane Catastrophe Fund, Office of Insurance Regulation, Kevin McCarty, Citizens Property Insurance Corporation, Insurance Regulation
New Year to Bring Continued Discussion of Property Issues
The beginning of a new year always brings with it an acceleration of Florida’s consideration of key public policy issues affecting the insurance industry. Activity in Tallahassee slows down in the second half of December, soon followed by the realization that the next legislation will be here quickly. For the property insurance industry, this means […]
Insurance storm is brewing this hurricane season
Florida Hurricane Catastrophe Fund, residential insurance, hurricane season, Office of Insurance Regulation, Kevin McCarty, Citizens Property Insurance Corporation, Insurance Regulation
Property-Insurance Reform Needed
Florida Legislature, Florida Hurricane Catastrophe Fund, Office of Insurance Regulation, Citizens Property Insurance Corporation, Insurance Regulation