Insurance industry’s Michael Carlson: We hope PIP-repeal study ‘will kill the bill’

Florida Politics Michael Moline, February 6, 2018 A Property Casualty Insurers Association of America study made a splash last week in Tallahassee by suggesting repeal of Florida’s no-fault auto insurance system would produce significant increases in motorists’ premiums. The findings contrast those of a similar study last year by Pinnacle Actuarial Resources, which estimated repeal…

Approval of rate increases for Citizens insurance customers underscores need for Assignment of Benefits (AOB) reform

Approval of rate increases for Citizens insurance customers underscores need for Assignment of Benefits (AOB) reform TALLAHASSEE (Dec. 7, 2017) – This week’s approval of rate increases for policyholders in Citizens Property Insurance Corp. shows that Assignment of Benefits abuse is having a direct pocketbook impact on Florida families and is another clear indication that…

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…

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…

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…