Florida Senate Insurance Premium Tax Break Repeal May Be on the Ropes Senator Anitere Flores, a Miami-Dade Republican and Negron’s right hand in the Chamber, is running the Bill (SB 378) to pay for a Cut in the State’s Tax on …

  Florida Insurance Commissioner David Altmaier will moderate a panel at the upcoming National Association of Insurance Commissioners’ (“NAIC’s”) 11th Annual International Insurance Forum in Washington, D.C., May 15-16, 2017. To register, click here. The NAIC’s annual forum explores developments and …

  The following is the complete text of a news release issued by Demotech, Inc. on March 16, 2017: Reserving, Reinsurance, Recapitalization, and Ratings Columbus, Ohio, March 16, 2017– Two facts underlie Demotech’s most recent efforts to stabilize the property …

  Florida Property Insurers Largely Avoid Downgrades, For Now, Demotech Says Ratings company Demotech is holding off on issuing Large-Scale Ratings Downgrades of Florida Property Insurers for now, after a number of Insurers heeded its warning of last month about …

  Citizens Insurance Buying Back $300 Million in Catastrophic Coverage Citizens Property Insurance can buy back some $300 Million in Reinsurance against a Catastrophic Storm because the risk of that happening is now projected to have fallen.  Michael Moline reports …

  AOB Reform Passes Florida House Subcommittee, But It Wasn’t Pretty The Legislature has been arguing over Assignment of Benefits Reform for years, to no avail. Tuesday, Tampa Republican James Grant found out why — the hard way.  FloridaPolitics.com’s Michael …

  A proposed committee substitute for HB 1421 that would limit property insurance assignment of benefits (“AOB”) agreements is on the agenda for consideration by the Florida House of Representatives’ Insurance and Banking Subcommittee today at 2 p.m. (ET), March …

  Miami-Based Asbestos Firm Files Tortious Interference Lawsuit A Miami-Based Law Firm that typically specializes in Asbestos Litigation has Filed a Lawsuit against a Former Client and his South Carolina Attorney for allegedly interfering with a business relationship in an …

      Olympus Insurance Company (Olympus), a leading Florida homeowners insurer, announced that insurance ratings agency Demotech has reaffirmed its current “A Exceptional” Financial Stability Rating® (FSR) based on the company’s 2016 Annual Statutory Financial Statement. Financial Stability Ratings® …

  Additional proposed changes to Florida regulations relating to insurance agent continuing education have been posted by the Florida Department of Financial Services’ Division of Insurance Agent and Agency Services. The proposed Rules referenced are: 69B-228.040                        Course Providers 69B-228.050        …