By John Kennedy – Palm Beach Post Capital Bureau TALLAHASSEE — Five years after Gov. Rick Scott scaled back Florida’s growth laws, massive development projects are underway across the state, boosting employment and tax collections but also sparking fears of traffic-choked roads and environmental calamities. Palm Beach County’s unincorporated western area is the site of…
Florida Hurricane Catastrophe Fund May 2016 Estimated Claims-Paying Capacity STATE BOARD OF ADMINISTRATION Estimated Capacity NOTICE IS HEREBY GIVEN by the State Board of Administration of Florida (the “Board”) of the estimated borrowing capacity, estimated claims-paying capacity, and projected balance of the Florida Hurricane Catastrophe Fund (the “Fund”) as of December 31, 2016, in compliance with…
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is expected to find “the potential impact to Floridians if the personal injury protection coverage requirements were repealed and…
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…
Personal Insurance Federation of Florida Looks Forward to Working with New Insurance Commissioner FOR IMMEDIATE RELEASE TALLAHASSEE, Fla. (April 29, 2016) – The Personal Insurance Federation of Florida (PIFF) said today it looked forward to working with the state’s newly named insurance commissioner, David Altmaier, to improve personal insurance products for all Floridians. “The Personal…
Tampa Bay Times Steve Bosquet April 29, 2016 TALLAHASSEE — The third time was the charm Friday as Gov. Rick Scott and Chief Financial Officer Jeff Atwater agreed to hire deputy insurance commissioner David Altmaier to replace Kevin McCarty, the state’s powerful insurance regulator who resigned after 13 years at the helm of the Office…