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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 CAT Fund, property insurance, reinsurance, Insurance Regulation
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 […]
Travis Miller discusses proposed changes to the Office of Insurance Regulation’s rule on credit for reinsurance.
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 […]
Governor Charlie Crist, Florida Legislature, Florida Hurricane Catastrophe Fund, reinsurance, Office of Insurance Regulation, Citizens Property Insurance Corporation, Insurance Regulation
property insurance, Florida Legislature, reinsurance, hurricane season, Kevin McCarty, Insurance Regulation
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 […]
property insurance, Jeff Atwater, reinsurance, Office of Insurance Regulation, Kevin McCarty
