Florida Senate Committee Approves Actual-Cash-Value Roof Bill
roof claims, Senate Banking and Insurance Committee, actual cash value, property insurance, Insurance Regulation News, Florida Legislature
News & Updates
Senate Banking and Insurance Committee
Citizens Heading Toward 1 Million Policies
Citizens Property Insurance Corporation’s president Barry Gilway recently projected the organization’s policy count could reach between 1 million and 1.3 million policies in 2022. Its policy count has been increasing steadily since late last year as adverse market conditions have eroded capital and reduced insurers’ willingness to write policies in several areas of the state. […]
Why are 18,000 insurance claims from Hurricane Michael still open?
Office of Insurance Regulation, Hurricane Michael claims, David Altmaier, Senate Banking and Insurance Committee, property insurance, Insurance Regulation News, Florida Legislature
Senate debate opens over restriction of one-way attorney fees
AOB Claims, Senate Banking and Insurance Committee, assignment of benefits, Insurance Regulation News, Florida Legislature, Citizens Property Insurance Corporation
PIP Repeal Effort Will be Among 2018 Highlights
For the auto insurance industry, the potential repeal of Florida’s Personal Injury Protection (PIP), or no-fault, system has become an annual debate. The 2018 legislative session will be no different as both legislative chambers are set to take up the issue. The Florida House of Representatives has advanced a version of PIP repeal that does […]
South Florida lawmaker wants proof of insurers’ claims of abuses
assignment of benefits, property insurance, Insurance Regulation News, Florida Legislature, Senate Banking and Insurance Committee, water damage claims
Bill Would Support FSU Risk Management Center
The Senate Banking and Insurance Committee approved a bill that would use a portion of the Florida Hurricane Catastrophe Fund’s investment income to support the Florida Catastrophic Storm Risk Management Center at Florida State University. Under the formula set forth in the bill, the Storm Center would have received a little less than $500,000 annually […]