Orlando Sentinel May 22, 2016 TALLAHASSEE — Insurance regulators are preparing for an appeals-court battle with State Farm Florida after a circuit judge blocked the release of information about the company’s property-insurance policies. The Florida Office of Insurance Regulation filed a notice of appeal last week after Leon Circuit Judge James Hankinson prevented the release…
The state plans to undertake a study that would determine what would happen if Florida’s no-fault auto insurance program is scrapped. According to a request for proposals posted by the Office of Insurance Regulation, the study is expected to find “the potential impact to Floridians if the personal injury protection coverage requirements were repealed and…
May 4 Ron Hurtibise – Sun Sentinel After reducing its policy count by more than two-thirds over the past four years, state-run Citizens Property Insurance Corp. continued to shed its risk load by securing approval this week to drop 1,752 high-priced homes after their policies expire next year. As of Jan. 1, homes with insurable…
Michael Carlson – Op Ed – May 16, 2016 Last year, Florida broke a record by going 10 straight years without a major hurricane. Residents heaved a sigh of relief that another storm season came and went without any major damage to our state. But not everything is calm as we enter this year’s hurricane…
Nearly 3,000 residents and businesses in four Alachua County communities are facing big hikes or cancellation of their homeowner’s insurance after an agency threatened to lower their ratings because of a shortage of nearby firefighters. The proposed downgrade could affect 892 parcels in LaCrosse, 853 in Micanopy, 322 in Cross Creek, and 527 in Windsor.…
Florida’s continued lucky streak when it comes to dodging hurricane is helping a key state fund reach its best financial shape ever in the two decades it has been in place. The state-created fund known as the Florida Hurricane Catastrophe Fund should have $17.4 billion available for the Atlantic hurricane season that starts June 1.…
Tampa Bay Times TALLAHASSEE — Ten years ago, David Altmaier was coaching track and teaching algebra to 9th graders in southern Kentucky. Now at age 34, he is becoming the top insurance regulator in the nation’s most complicated market. On Friday, Gov. Rick Scott and the three other members of the Florida Cabinet settled…
By Steve Bousquet Herald/Times Tallahassee Bureau Politics and the regulation of your insurance coverage is a dangerous mix in Florida. This maxim takes on new relevance as the state braces for another hurricane season in just a few weeks (the first named storm is “Alex”). Winds of change are swirling in Tallahassee. Florida needs an…
Insurance-related concerns reacted with cautious optimism to Friday’s naming of David Altmaier as Florida’s new Insurance Commissioner. “The Personal Insurance Federation of Florida is committed to working with the new commissioner to increase the health and stability of the property and casualty insurance market in Florida,’’ Executive Director Michael Carlson said in a statement. The…