GT: Updated: Private Flood Market Expansion Initiatives by State Insurance Legislators and Regulators
click here
Florida Insurance Council - Covering Florida Since 1962
FOR IMMEDIATE RELEASE: July 29, 2019Contact Info: Karen Kees, (850) 413-2515, Press@floir.com OIR Issues Orders Establishing 2019 Rates for Citizens TALLAHASSEE, Fla. – The Florida Office of Insurance Regulation (OIR) has established the 2019 personal and commercial property insurance rates for Citizens Property Insurance Corporation (Citizens). On June 19, Citizens announced that their…
By: Greenberg Traurig Today, the Florida Supreme Court declined to decide the Ark Royal Assignment of Benefits (AOB) case which had been pending before the Court for some time. The Court’s decision was based on the new law passed by the 2019 Florida Legislature which imposed restrictions for AOBs applicable to first party homeowner’s property…
By: Katrina Callaway, FIC General Counsel During its meeting on July 25, 2019, the Florida Cabinet, sitting as the State Board of Administration Trustees, approved four agenda items dealing with Florida Hurricane Catastrophe Fund (FHCF) rule changes needed to implement the loss adjustment expense (LAE) increase from 5% to 10%. As background,…
FOR IMMEDIATE RELEASE: June 19, 2019 Contact: Christine Ashburn850.728.7255 (cell) / 850.513.3746 Citizens’ Board approves revised 2019 rates reflecting AOB reforms MAITLAND, FL – Citizens Property Insurance Corporation’s Board of Governors on Wednesday approved 2019 proposed rates that reflect recent legislative changes to reduce unnecessary litigation and assignment of benefit abuse that have driven up…