Naples’ Richter named Florida Senate president pro tempore
Florida Legislature, Insurance Regulation News, radey thomas yon & clark, Garrett Richter
News & Updates
Garrett Richter
Nelson, Richter Release Insurance White Paper
Representative Bryan Nelson and Senator Garrett Richter have released a white paper entitled, “How Critical is Property Insurance in Florida?” drawing attention to Florida’s reliance on assessment (taxing) mechanisms to prop up the state’s insurance market. Nelson and Richter point out that Florida is making promises through three government-run entities that the state probably will […]
Legislature Considers Surplus Lines Insurers for Citizens Depopulation
Both chambers of the Florida legislature are advancing bills that would surplus lines insurers to remove policies from Citizens Property Insurance Corporation. As Citizens’ policy count continues to skyrocket, the legislature is looking for opportunities to attract insurers that might be interested in its policies. Opponents of the bill have questioned whethere it contains enough protections for […]
Governor Scott Signs SB 408
Governor Rick Scott has signed SB 408 into law, giving effect to the series of property insurance reforms passed by the legislature in this session. Summaries of SB 408 can be found in our latest Florida Insurance Report available on this site. Insurance Commissioner Kevin McCarty issued a statement commending the Governor for his leadership […]
Senate Banking & Insurance Committee Contains Familiar Names
Senate President Mike Haridopolis has appointed members of the Senate to its various committees, including the Banking & Insurance committee. Senator Garrett Richter, R-Naples, continues to serve as chairmain of the committee and Senator Chris Smith, D-Fort Lauderdale, remains the vice chair. Other members of the committee include J.D. Alexander, R-Lake Wales, Mike Bennett , R-Bradenton, Ellyn Bogdanoff , […]