Winds of change in lawmaker’s hurricane-related proposal
2024 Legislative Session, HB 1213, hurricane coverage, Florida property insurers, wind-only, Insurance Regulation News, Florida Legislature, Citizens Property Insurance Corporation
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2024 Legislative Session, HB 1213, hurricane coverage, Florida property insurers, wind-only, Insurance Regulation News, Florida Legislature, Citizens Property Insurance Corporation
PIP, no fault coverage, Insurance Regulation News, auto insurance, Florida Legislature
Governor Ron DeSantis, Homeowner's Insurance, Insurance Regulation News, Florida Legislature, Office of Insurance Regulation
Almost a year ago, the Florida legislature passed significant reforms aimed at mitigating concerns in Florida’s residential property insurance market. At the time, the market was characterized by numerous insurer insolvencies, reduced appetites among admitted market insurers, rising rates and increasing reinsurance costs. At the time, policymakers urged patience because it would take months and […]
The Florida legislature will convene this week in a brief special session addressing a limited number of topics. Among these, the legislature is expected to provide additional relief for areas affected by Hurricane Idalia and increase funding for the My Safe Florida Home program. Hurricane Idalia had a substantial impact on some of Florida’s rural […]
Michael Yaworsky, Insurance Regulation News, Florida Legislature, Office of Insurance Regulation, Citizens Property Insurance Corporation
Insurance Regulation News, Michael Yaworsky, Governor DeSantis, property insurance, Florida Legislature, Office of Insurance Regulation
The Florida Office of Insurance Regulation (OIR) has issued emergency rule 69O-ER-23-2 adopting forms to be used by residential property insurers certifying and submitting claims manuals. The Florida legislature specified in SB 7052 (now Chapter Law 2023-172) that residential property insurers must annually certify they maintain claims manuals meeting certain statutory standards. Insurers also must […]
property insurance, Governor Ron, Senate Bill 2-A, collateral protection, Insurance Regulation News, Florida Legislature, Office of Insurance Regulation
windstorm coverage, hurricane models, Governor Ron DeSantis, hurricane deductibles, Insurance Regulation News, Florida Commission on Hurricane Loss Projection Methodology, Florida Legislature