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Governor Ron DeSantis has allowed Florida to move into Phase 2 of its gradual reopening plans. Phase Two includes the limited reopening of bars, movie theaters and entertainment venues. Phase Two also includes allowing increased capacity at most businesses that were allowed to open on a limited basis during Phase One. Phase Two marks a […]
Most parts of Florida have moved into “Phase One” of resuming daily activities as the country gradually, and hopefully, moves past the height of COVID-19 concerns. Phase One marks the expiration of Florida’s “Safer at Home” directive in which citizens were asked to largely remain in their homes and avoid non-essential activity. For Phase One, […]
As we enter 2018, information reported to the Florida Office of Insurance Regulation indicates that insured losses from Hurricane Irma have topped $7 billion, now reaching $7.2 billion. These losses arise from the 877,000 claims that have been reported by insurers. More than 80 percent of the reported claims have been closed, with about […]
Citizens Property Insurance Corporation recently updated its Hurricane Irma response and discussed the financial impact of the storm as the 2017 hurricane season has now drawn to a close. Citizens reports that Irma will produce an estimated $1.2 billion in insured losses, but points out that the losses remain well within its claims-paying capacity. Citizens has […]
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 […]
The Florida Office of Insurance Regulation (Office) has scheduled two public hearings for today to discuss key long-term care rate filings that are pending before the Office. The filings relate to proposed rate increases submitted by Metropolitan Life Insurance Company (“Metlife”) and Unum Life Insurance Company of America (“Unum”). The Office has elected to host the public […]
As required by a law passed in 2013, the maximum Coverage A amounts for Citizens Property Insurance Corporation’s personal residential coverage will be reduced again effective January 1, 2017. Effective at the beginning of net year, the following new business and renewals for personal residential risks are no longer are eligible for coverage in Citizens: A structure […]
The Office of Insurance Regulation has determined there is not a “reasonable degree of competition” in Miami-Dade and Monroe Counties for homeowners with dwelling limits exceeding $900,000 or for condominium unit owners with combined dwelling and contents limits over $900,000. As a result, Citizens Property Insurance Corporation will continue to make coverage available to these […]
Democratic gubernatorial candidate Charlie Crist has named Miami-Dade County’s Annette Taddeo as his running mate. This selection might help Crist, who is from the Tampa/St. Petersburg area, increase his appeal to South Florida voters, women and Hispanics. Although Crist faces a primary opponent in former Senate majority leader Nan Rich, the focus of this year’s […]
Governor Scott has filled a 10-month vacancy in the Lieutenant Governor position by naming Carlos Lopez-Cantera to the post. Lopez-Cantera previously served eight years in the Florida House of Representatives and was the Republican majority leader. Since leaving the House, Lopez-Cantera has been the Miami-Dade County property appraiser. The Lieutentant Governor position has been vacant […]
