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reinsurance

OIR, CFO Comment on Property Insurance Rates

OIR, CFO Comment on Property Insurance Rates

The Florida Office of Insurance Regulation responded to Chief Financial Officer Jeff Atwater’s request for an analysis of whether insurers are reflecting reduced reinsurance costs in their rate filings.  Based upon a detailed review of filings that have been made by insurers among Florida’s Top 30 in writings, the OIR has concluded that insurers indeed […]

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Governor Scott Addresses Reinsurance Tax Issue

Governor Scott Addresses Reinsurance Tax Issue

Governor Rick Scott expressed his opposition to federal legislation that would deny tax deductions for reinsurance premiums paid to foreign-based reinsurers affiliated with domestic insurers.  Governor Scott outlined his concerns in a letter to U.S. Representative Vern Buchanan, Florida’s representative on the House Ways and Means Committee. (letter) Governor Scott indicates that the proposal will […]

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