Florida’s Citizens Property Insurance Alerts Agents to 2017 Depopulation, Assumption Process Changes
Dec 21, 2016
Florida’s Citizens Property Insurance Corporation (“Citizens”) published the following information (reprinted below) in its regular agents’ bulletin today, December 21, 2016: Depopulation: Policyholder Choice Citizens is changing the depopulation process for all personal lines assumptions, beginning with the …
Dec 21, 2016
At the request of Florida Insurance Commissioner David Altmaier, the Federal Emergency Management Agency (“FEMA”) has granted another extension giving National Flood Insurance Program (“NFIP”) policyholders in Florida an extra 30 days (until January 31, 2017) to file claims …
Dec 21, 2016
Demolition Possible for Some St. Augustine Homes Some homes in St. Augustine, Florida could be demolished because of damaged suffered during Hurricane Matthew, the Florida Times-Union reports via the PCI SmartBrief. Florida Beaches See $77M in Hurricane Damage …
Dec 20, 2016
The U.S. House Financial Services Subcommittee on Housing and Insurance is expected to move quickly with draft legislation in January 2017 to re-authorize the National Flood Insurance Program (“NFIP”), which expires on September 30, 2017. Early in December, Subcommittee …
Dec 20, 2016
Today, December 20, 2016, the Federal Reserve Board announced the designation of the chairs and deputy chairs of the 12 Federal Reserve Banks for 2017. Each Reserve Bank has a nine-member board of directors. The Board of Governors in Washington, …
Dec 19, 2016
Florida’s Courts 4th on Tort Reformers’ “Judicial Hellhole” List The controversial Florida Supreme Court and Civil Courts in South Florida find themselves dubiously honored in fourth position on the American Tort Reform Foundation’s 2016-2017 List of “Judicial Hellholes” — putting …
Dec 19, 2016
Dec 18, 2016
Florida Ruling Against Insurer in Concurrent Loss Case “Not a Surprise” The Florida Supreme Court has ruled in favor of Policyholders seeking Coverage on Claims where there is the possibility of Multiple Concurrent Losses but at least one of …
Dec 16, 2016
Court to hear appeal in State Farm Florida trade secret dispute An appeals court has scheduled oral arguments in a dispute between insurance regulators and State Farm Florida about disclosing information related to the company’s property-insurance policies. THE NEWS …
Dec 15, 2016
PCI Joins Campaign for Florida Assignment-Of-Benefits Reform The Property Casualty Insurers Association of America has thrown its weight behind the drive to control Assignment-of-Benefits Fraud against Insurance Companies. Michael Moline reports for SaintPetersBlog.com. Hurricane Matthew Victims Dealing With …