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

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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Citing fraud, Florida insurers raise property insurance rates

Laura Layden, Naples Daily News May 30, 2017 Although a major hurricane hasn’t unleashed its full fury on Florida in more than a decade, property insurance rates are climbing statewide because of another kind of storm — claims abuse. Insurers continue to face major challenges due to abuse, shrinking their profits and driving up their rates.…

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FEMA proposal could require higher damage costs for response

weartv.com by Jackalyn Kovac Wednesday, May 3rd 2017 PENSACOLA, Fla. (WEAR) — Some beach homeowners believe an increase to Federal Emergency Management Agency (FEMA) damage threshold that could mean the end of coastal living for a lot of people in Northwest Florida. The agency wants states to pick up a bigger share of the damage costs…

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Stunning 92% of drivers use phone, Fla. gets study’s 2nd worst score

Palm Beach Post Charles Elmore, April 12, 2017   Forget what people say. It’s what they really do behind the wheel that matters. A study released today suggests 92 percent of U.S. drivers with cell phones have used them while moving in a car in the past 30 days and Florida gets the nation’s worst score for such…

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Florida second-worst state for distracted driving, study says

Sun Sentinel, April 12, 2017 Wayne K Roustan   Florida ranks second only to Louisiana for distracted driving, according to a study released Wednesday. Drivers were scored on data gathered through the EverDrive motion-sensing app. It measured speeding, sudden acceleration, aggressive turning, hard braking and other movement while the driver’s phone was being used. It…

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