As reported by the Orlando Sentinel, Citizens Property Insurance Corp. delayed putting existing policies into a clearinghouse designed to shift property owners into the hands of private companies. Read the entire story here
Lawmakers’ plans to reduce state-run Citizens Property Insurance Corp.’s exposure continue apace. Read the entire article here.
At its meeting this morning, April 24, 2014, Florida's Citizens Property Insurance Corporation's ("Citizens") Board of Governors ("Board") approved what Chairman Chris Gardner termed the "largest catastrophe bond in the history of the world." Check it out here.
In their zeal to shed policies in the state-run Citizens Property Insurance, the Florida Senate is poised to approve a bill that gives homeowners a low-cost — though unregulated — insurance alternative. Read the rest of the article here.
House member Wednesday readied HB 129, which requires Citizens Property Insurance Corp. customers to choose from contractors approved by the company to conduct sinkhole repairs, for a final vote that could come as soon as Friday. Read the entire article here.
The fight over the direction of the state's reinsurance fund is essentially over for this year. Read why here.
A plan slammed as “insane” by one lawmaker — which could raise insurance bills for Florida homeowners by having a state storm fund buy $1.5 billion of private reinsurance — did not reach the Florida Cabinet on Tuesday and may be running out of time before hurricane season. Read the entire article here.
One day after the House inserted a provision restricting the “assignment of benefits” – where a homeowner signs over the benefits of an insurance claim to a contractor to make fixes to a home, usually in the case of an emergency like a pipe burst or leak – into a bill aimed at informing consumers [...]
Daniel Ruth's column did the Times and its readers a disservice with an uninformed, sneering assessment of Florida-based homeowners insurance companies. Read the entire letter by William Stander, executive director of FPCA, here.
A spirit of cooperation between the House and Senate worked to produce an overachieving Legislature in 2013, so why not stick with a winner in 2014, Florida Senate President Don Gaetz told the staff of Sunshine State News Tuesday. Read the entire story here.