Irma Losses Edge Upward
Office of Insurance Regulation, Travis Miller, Radey, Florida Office of Insurance Regulation, radeylaw, flood, residential, Hurricane Irma, Irma, deductible, commercial
News & Updates
Florida Office of Insurance Regulation
What the Florida Industry Needs to Know for the 2018 Hurricane Season
Citizens Property Insurance Corporation, property insurance, Florida Office of Insurance Regulation, hurricane coverage, hurricane season 2018
Florida policymakers, put consumers ahead of assignment of benefits abusers | Opinion
AOB, Florida Legislature, Insurance Regulation News, Florida Office of Insurance Regulation, assignment of benefits
Judge could give early win to companies over insurance law
Insurance Regulation News, Death Master File, Florida Office of Insurance Regulation, life insurance proceeds
Irma brings winds, floods and scammers
Hurricane Irma, Insurance Regulation News, Florida Office of Insurance Regulation, property insurance claims
Property insurance bill proposed in Florida Senate moves to committee
Florida Legislature, Insurance Regulation News, property insurance, Florida Office of Insurance Regulation, AOB Claims, Hurricane Irma
Lack of AOB Reform Likely to Put Pressure on Rates and Availability
After only limited committee discussions during the 2017 session, the Florida legislature failed to adopt reforms to this state’s “assignment of benefits” problem. The Florida Office of Insurance Regulation and Citizens Property Insurance Corporation offered substantial testimony before the legislature regarding the nature of the problem, steps the legislature could take to fix the problem, […]
Insurance Premium Taxes Under Discussion in Florida and Connecticut
Policymakers in Florida and Connecticut appear to be moving in different directions as they evaluate the impact of insurance premium taxes in their respective states. Florida law currently provides for a salary credit against the insurance premium tax, which serves to partially offset insurers’ premium tax obligations based upon the salaries they pay to Florida […]
New Year Brings Lower Coverage Limits in Citizens
The maximum personal residential coverage limits available from Citizens Property Insurance Corporation decreased as of January 1, 2017, in accordance with a law passed in 2013 providing for a gradual step-down in the limits. Effective January 1, the following risks are no longer eligible as new business or renewals: A structure that has a dwelling replacement […]
Citizens Coverage A Reductions Take Effect
As required by a law passed in 2013, the maximum Coverage A amounts for Citizens Property Insurance Corporation’s personal residential coverage have been reduced again effective January 1, 2017. The following new business and renewals for personal residential risks are no longer are eligible for coverage in Citizens: A structure that has a dwelling replacement […]