News & Updates

sinkhole insurance

Commissioner McCarty Identifies Top Five P&C Issues

Commissioner McCarty Identifies Top Five P&C Issues

Florida Insurance Commissioner Kevin McCarty has been discussing the “cost drivers” affecting Florida’s property insurance market since last year’s legislative session.  As the 2011 session draws near, Commissioner McCarty continues to identify the key factors affecting property and casualty insurers in Florida.  McCarty top five issues include the following: 1.  Attracting Capital–  Commissioner McCarty points […]

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OIR to Review Sinkhole Claims Problem

OIR to Review Sinkhole Claims Problem

The Office of Insurance Regulation has heard reports of increased frequency for sinkhole claims, particularly in areas of Florida that are not usually identified with sinkhole problems.  Mounting sinkhole losses for Citizens Property Insurance Corporation and admitted market insurers have prompted the OIR to send a data call to insurers to develop more information from […]

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Banking and Insurance Committee to Conduct Interim Projects

Banking and Insurance Committee to Conduct Interim Projects

The Banking and Insurance Committee of the Florida Senate has announced its interim projects in anticipation of the 2011 legislative session.  The committee staff will conduct project 2011-104 relating to sinkhole insurance, with a report due by October 1, 2010.  The project summary notes that Florida has a large number of sinkholes, and problems in […]

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