OIR Releases Hurricane Michael Analysis
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FIC: Property Insurance Market & Hurricane Update Given to Senate Committee
By: Katrina Callaway, FIC General Counsel On September 17, 2019, Insurance Commissioner Altmaier presented an update on the residential property insurance market and hurricane update to the Senate Banking and Insurance Committee. His presentation can be found here. He presented evidence showing the Florida admitted residential property insurance market is composed of 6.2 million policies…
FIC: Hurricane Catastrophe Fund Gives Overview To House Subcommittee
By: Katrina Callaway, FIC General Counsel During its meeting on September 18, 2019, the House Insurance and Banking Subcommittee, Anne Bert, Chief Operating Officer of the Florida Hurricane Catastrophe Fund (FHCF), gave the subcommittee an overview of the FHCF which included its financial status and an update on the implementation of increased reimbursement of loss…