Property-Insurance Reform Needed
Florida Legislature, Florida Hurricane Catastrophe Fund, Office of Insurance Regulation, Citizens Property Insurance Corporation, Insurance Regulation
News & Updates
Florida Hurricane Catastrophe Fund
Guest column: Tax increase on overseas reinsurers would hit Florida
hurricane season, Insurance Regulation News, Department of Financial Services, Florida Hurricane Catastrophe Fund, reinsurance, Office of Insurance Regulation
Bradley Kading: Let private market carry Florida’s reinsurance risk
property insurance, Insurance Regulation News, Florida Hurricane Catastrophe Fund, Office of Insurance Regulation, Citizens Property Insurance Corporation
Cat Fund fight could have huge impact on condo insurance rates
property insurance, Insurance Regulation News, Florida Legislature, Florida Hurricane Catastrophe Fund, hurricane season
Rep. Fasano questions Cat Fund contract over condo coverage
Insurance Regulation News, Florida Legislature, Florida Hurricane Catastrophe Fund, property insurance, condominiums
Governor Signs Property Bill
Governor Rick Scott has signed SB 1770 into law. At the outset of the 2013 legislative session, SB 1770 contained an ambitious set of reforms designed to reduce the size of Citizens Property Insurance Corporation and reduce the degree to which it competes with the admitted market. The final package, however, contained a milder set of compromise […]
Florida Chamber: Catastrophe Fund at risk
property insurance, Insurance Regulation News, Florida Legislature, Florida Hurricane Catastrophe Fund, hurricane season
Florida insurance fund strongest ever for storm season
property insurance, Insurance Regulation News, Florida Hurricane Catastrophe Fund, hurricane season
Legislature Revises Forms Certifications and Rate Exemptions
The legislature altered Florida’s form and rate filing statutes in SB 468. Perhaps most significantly, the legislature specified that a forms certification process similar to the one currently in effect by OIR order will continue for commercial property and casualty insurance. However, personal lines and workers’ compensation are specifically carved out of the statutory change […]
FHCF Right-Sizing Debate Results in No Changes
The legislature entered the 2013 session talking about reducing the amount of reimbursement capacity provided by the FHCF. It leaves Tallahassee without changing the limits at all, but not for lack of thorough discussion of the issue. Lawmakers interested in reducing the state’s assessment exposure urged a reduction in the FHCF to be phased-in over […]