State Sen. Jeff Brandes says he will file legislation for the 2017 Legislative Session to fund flood mitigation in affected communities. The idea is to lower the cost of flood insurance by decreasing flood severity in areas covered by the National Flood Insurance Program’s (NFIP) Community Rating System. The legislation will create a matching grant program, in…
A new analysis says Florida has the best drivers in the nation after Rhode Island. The folks behind the number-crunching at car insurance shopping site Quotewizard almost can’t believe it themselves. “Florida is best known for two things: the “Florida Man” headlines generated by its eccentric residents, and its many retirees, ” their explanation goes.…
Brandon Larrabee, News Service of Florida, Daily Business Review House Speaker Richard Corcoran called for the business community to rally around his push for changes to Florida’s judiciary, saying failure to do so could make the Legislature’s efforts to pass pro-business legislation futile. Zeroing in specifically on a looming debate over how to respond to…
By Jim Turner, The News Service of Florida TALLAHASSEE, Fla. – Increases in water-damage claims — primarily in South Florida — will likely reverse years of downsizing by the state-backed Citizens Property Insurance, board members were advised Wednesday as they approved a hike in the corporation’s operating budget. Citizens President and CEO Barry Gilway said…
Florida Trend – News Release Rising water claims and “out of control” litigation threaten the Citizens Property Insurance Corporation’s long-term financial stability and will stifle efforts by Citizens to offer premium breaks to policyholders in 2017, Citizens leaders stressed during a governing board meeting on Wednesday. Barring significant changes, including possible legislative action on assignment…
Palm Beach Post – Charles Elmore After years of jettisoning customers, Florida’s last-resort insurer expects to get bigger in 2017 — returning to more than half a million policies. “We’ve entered a different stage,” Citizens Property Insurance Corp. president Barry Gilway told the company’s board in a meeting Wednesday. “There’s very little interest in depopulation.”…
The Today Show In June 2013, TODAY national investigative correspondent Jeff Rossen reported on a wave of auto thefts involving a high-tech gadget giving criminals full access to your car. Police were stumped. But now officials say they may have solved the mystery. “It certainly could be a factor in some of the increase in…
ST. AUGUSTINE, Fla. – On Friday, December 2, 2016, Florida Chief Financial Officer Jeff Atwater and Insurance Commissioner David Altmaier will host a roundtable discussion focused on the 2016 Atlantic Hurricane Season, which ends today, November 30. Insurance company executives will join local leaders to discuss Hurricanes Hermine and Matthew, two storms that ended Florida’s…
St Augustine Record – Sheldon Garner As people work to return to their homes impacted by Hurricane Matthew, some might end up being charged more than they should for repair work or running into other problems. With pressures surrounding rebuilding and being displaced after a storm, it becomes common to hear stories of homeowners who…
Citizen Property Insurance is in a crisis. And it has nothing to do with the usual suspects troubling the state-run homeowners insurance company: sinkholes or hurricanes. You can’t even blame Hurricane Matthew for this. Read Full Article