New, smaller companies pose new risks
Citizens Property Insurance Corporation, Office of Insurance Regulation, hurricane season
News & Updates
Office of Insurance Regulation
End of hurricane season just the beginning
Don’t sacrifice homeowners
OIR Approves Citizens’ High Risk Account Rates
The Office of Insurance Regulation has issued an order approving rates for the Citizens Property Insurance Corporation High Risk Account (HRA). The HRA consists of Citizens’ most coastal exposures and includes personal residential, commercial residential, and traditional commercial exposures. By law, Citizens submits rate filings to the Office of Insurance Regulation, but unlike for typical […]
CPSC Releases Additional Chinese Drywall Results
On November 23, 2009, the U.S. Consumer Product Safety Commission (CPSC) released additional information in its ongoing review of the corrosive effects of Chinese drywall. The CPSC released the results of a 51-home indoor air quality study, an electrical component corrosion study, and a fire safety component corrosion study. The executive summary of the CPSC’s […]
State Farm may stay for Florida homeowners
State Farm might not leave Florida
Our Opinion: Insurance chaos
Office of Insurance Regulation, Citizens Property Insurance Corporation
State and Federal Officials Study Chinese Drywall
As Florida and other states sought to rebuild after the 2004 and 2005 hurricanes, building materials were at a premium. Unfortunately, homeowners are now finding that certain drywall imported from China and used in building or repairing homes is toxic and is believed to be causing a variety of problem ranging from corrosion of pipes […]
Modeling Commission Outlines Mitigation Concerns
The Florida Commission on Hurricane Loss Projection Methodology continued its discussion of Florida’s mitigation discount program on October 29, 2009. The commission received testimony from several interested parties. Among these presentations, I gave the commission information about the effects of the current discount program on premium levels and insurers’ underwriting decisions. My comments highlighted several […]