Key Florida Players to Highlight Importance of Catastrophe Reinsurance
FAIR, Florida Office of Insurance Regulation, Insurance Regulation News, reinsurance, Kevin McCarty
News & Updates
reinsurance
2015 Ends on a Storm-Free Note
As 2015 comes to a close, several aspects of this year’s insurance market stand out. Each year presents its share of successes and its share of challenges, which is expected in a cyclical industry. However, on balance we will remember 2015 for its continued stability in several key insurance markets. In Florida, our view of […]
Florida Homeowners Insurers Pass Stress Test
The Florida Office of Insurance Regulation released a report summarizing the results of its annual reinsurance data call and stress test. Under the stress test, residential property insurers are required to identify how their reinsurance programs would respond to several hurricane scenarios, including a single large event or multiple smaller events. According to the OIR’s […]
Property Issues Not Prominent This Year
Property insurance issues have dominated the legislative session in nearly every year since Hurricane Andrew. If property insurance was not the most prevalent issue in a given session, it certainly ranked in the top five topics being considered. Over the last twenty years, the legislature has established the Florida Hurricane Catastrophe Fund, merged the former […]
Florida Cabinet must say No to higher insurance rates
Florida CAT Fund, property insurance, reinsurance, Insurance Regulation
House Workshop on Assignment of Benefits Today
The House Insurance Committee will hold a workshop at 4:00 today on the assignment of benefits issue. This issue has attracted attention as one of the leading causes of upward pressure on homeowners insurance rates even when reinsurance costs have been declining and Florida has enjoyed a long run of hurricane-free years. An assignment of […]
Credit for Reinsurance
Travis Miller discusses proposed changes to the Office of Insurance Regulation’s rule on credit for reinsurance.
Storm Free Years and Stronger Private Market Improve Citizens’ Position
After the devastating series of storms in 2004 and 2005, Florida has enjoyed a run of essentially storm-free years. This has led to improved conditions in the private insurance market, and consequently to reductions in the policy count of Citizens Property Insurance Corporation. Citizens therefore expects that it in 2015 it will be able to […]
Homeowner’s Insurance: Higher Cost For Less Coverage
Florida Hurricane Catastrophe Fund, Governor Charlie Crist, Florida Legislature, reinsurance, Office of Insurance Regulation, Citizens Property Insurance Corporation, Insurance Regulation
Florida sees small break in deluge of rising property insurance rates
property insurance, Florida Legislature, reinsurance, hurricane season, Kevin McCarty, Insurance Regulation