Category: Insurance Regulatory News

Citizens rolls out new lobbying disclosure requirements

Jun 14, 2018

Lobbyists representing clients before the state-backed Citizens Property Insurance Corporation will soon have to disclose their efforts publicly. Citizens President and CEO Barry Gilway told Chief Financial Officer Jimmy Patronis at a Wednesday Cabinet meeting that a new lobbying disclosure …

Assessment Rates for Division, Special Trust Funds Cut Again

Jun 13, 2018

The assessment for the Workers’ Compensation Administration Trust Fund will drop, from 0.97% to 0.90%, for calendar year 2019, the seventh straight decrease, the Department of Financial Services announced in a bulletin. For insurance carriers, the assessment is based on net …

Commercial insurance prices rise slightly in first quarter

Jun 13, 2018

U.S. commercial insurance prices increased modestly in the first quarter, according to a Willis Towers Watson P.L.C. report released on Monday. The broker’s Commercial Lines Insurance Pricing Survey compared prices charged on policies written during the first quarter of 2018 …