PIFF’s goal is to ensure a dynamic, efficient and competitive marketplace for personal insurance products for the benefit of all Floridians. Simply put, PIFF supports policies that protect and enhance the health of the consumer property & casualty market in Florida.  We believe that consumers should have the best choice  – in terms of price, product, and insurer – in the Florida marketplace.  Here you will find news and information that will inform you about the state of Florida’s insurance industry, the health of the markets, and national trends that may impact you.

MARKETPLACE NEWS

Rick Scott blocks insurance premium hikes, cancellations during Irma recovery

Michael Moline Florida Politics September 13, 2017 Gov. Rick Scott has ordered a three-month freeze on insurance rate increases for homeowners struggling to recover from Hurricane Irma — plus a three-month grace period for policyholders who received non-renewal or cancellation notices just before the storm hit. “Due to the devastating effects of Hurricane Irma, Floridians should be…

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Florida Domestic Insurer Sawgrass Mutual to ‘Wind Down’ Operations

Insurance Journal, Amy O’Connor August 23, 2017 Just a day after being downgraded by ratings agency Demotech, Florida-based insurer Sawgrass Mutual Insurance Company has revealed it is under administrative supervision by the Florida Office of Insurance Regulation. According to an amended consent order for administrative supervision dated Aug. 22, 2017, Sawgrass notified OIR of a…

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Flood maps changing for Treasure, Space coasts; some property owners getting good news

Lisa Broadt, lisa.broadt@tcpalm.comPublished 2:42 p.m. ET Aug. 18, 2017 | Updated 9:07 a.m. ET Aug. 19, 2017 Treasure Coast and Space Coast property owners now can find out if their flood insurance premiums are likely to increase next year. Six years after initiating a review, the Federal Emergency Management Agency earlier this summer released draft updated coastal hazard…

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Congress has one month to fix flood insurance. Hurricane Harvey makes it harder.

Posted by Alex Daugherty on Tuesday, Aug. 29, 2017 at 6:42 PM @alextdaugherty For months, political foes like Marco Rubio and Elizabeth Warren united behind a push to overhaul the nation’s flood insurance program by capping annual premium increases and focusing on preventing damage in future floods. Hurricane Harvey could change all of that. Congress has spent most of 2017…

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Miami faces greater hurricane danger than killer storm Andrew, study finds

August 9, 2017 Miami Herald By Jennifer Kay, Associated Press Twenty-five years after Hurricane Andrew struck south of Miami, the city’s vulnerability to catastrophic storm damage has grown exponentially, according to a new insurance underwriters’ analysis. At the time, the Category 5 storm was the most expensive natural disaster in U.S. history, causing more than $26 billion…

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Commissioner Altmaier Welcomes New Chief of Staff to the Office of Insurance Regulation

NEWS FROM THE OFFICE   FOR IMMEDIATE RELEASE July 20, 2017   Contact Information: Amy Bogner/Karen Kees (850) 413-2515                       press@floir.com                       Commissioner Altmaier Welcomes New Chief of Staff to the Office of Insurance Regulation   TALLAHASSEE, Fla. – Florida Insurance Commissioner David Altmaier is pleased to announce the appointment of Michael Yaworsky as the new…

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Automakers Grapple with What To Do with Drivers in Autonomous Vehicles

By David Shepardson | June 26, 2017 Insurance Journal Automakers are using tiny cameras, sensors to track drooping heads, steering wheel monitors and audible alerts to ensure drivers pay attention when using advanced driver assistance systems, like Tesla’s Autopilot, that allow drivers to take their hands off the wheel. In a report this week on the May 2016…

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Auto Insurance Market to Shrink by 70% by 2050: KPMG

June 29, 2017 Insurance Journal Autonomous vehicle technology, a rise in on-demand transportation and a shifting of liability to manufacturers will shrink the auto insurance sector by more than 70 percent or $137 billion by 2050, according to updated research by KPMG. In a 2015 report, KPMG said the market would shrink by as much as…

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Dennis Ross Brings Back Disaster Savings Account Act

Sunshine State News KEVIN DERBY June 9, 2017 – 10:30am This week, U.S. Rep. Dennis Ross, R-Fla., part of the congressional leadership as senior deputy majority whip, brought back his proposal to amend the federal tax code to create tax-preferred savings accounts to help Americans prepare for natural disasters. Ross first introduced the Disaster Savings…

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Allstate and Allstate Agencies Seek to Bring 346 Jobs to Florida

LARGO, Fla., May 30, 2017 /PRNewswire/ — Allstate Insurance Company today announced a boost to its sales force in Florida to keep pace with growing consumer demand for insurance and financial products and services in the state. “We are seeing increased consumer demand for auto and home insurance as well as financial advice and planning,” says Allstate’s Jim Uschelbec, Regional…

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