Florida’s Citizens Property Insurance Plans For (Slightly) Harder Reinsurance Market in 2018 Florida Citizens aims to buy $1.45 Billion of Risk Transfer and Reinsurance for 2018, up from the $1.33 Billion purchased in 2017, likely from a mix of Traditional …

Florida’s Disposable Workers: Companies Profit From Undocumented Laborers, Dump Them After Injuries A 37-year-old Father whose dominant hand remains damaged, thought he could rely on Florida’s Workers’ Compensation System, which requires Employers to cover Medical Care and Lost Wages for …

Kicking off an extensive agenda, today, December 13, 2017, Florida’s Citizens Property Insurance Corporation’s (“Citizens”) President and CEO Barry Gilway reported that the State-run insurer ” . . . emerged from the 2017 hurricane season financially sound and continues to …

Insurer Citizens expects to get bigger after Irma After Hurricane Irma stung property insurers for $6.3 billion in claims and counting, Florida’s state-run and second-largestcarrier expects to add customers in 2018.  Charles Elmore reports for the Palm Beach Post. Citizens …

Citizens Insurance Customer?  There’s a Change in Your Rate Change Customers who get wind-only coverage from Citizens could fare a little better, with an approved increase just under 1 percent.  The Palm Beach Post’s Charles Elmore reports for the “Protecting …

The introduction of private capital and the development of a credit risk transfer mechanism could help the Federal Housing Finance Agency more effectively manage the taxpayer risk from its portfolio of first-time homebuyers, low-income borrowers, and consumers with limited credit …

The Florida Office of Insurance Regulation (“OIR”) advised today, December 6, 2018, that it has established the 2018 personal and commercial property insurance rates for Citizens Property Insurance Corporation (“Citizens”).  This action comes after a postponement in the rate filing …

Florida Senate Eyes Possible No-Fault Insurance Repeal A key Senate Committee next month will take up a Proposal that would replace the State’s No-Fault Auto Insurance System, while a similar Bill has already sped to the House Floor.  THE NEWS …

PCI Calls on Florida Senate Insurance Committee to Approve Auto Glass Assignment of Benefits Legislation The Property Casualty Insurers Association of America called on the Florida Senate Banking and Insurance Committee to pass Senate Bill 396, which seeks to curb …

Florida’s Citizens Property Insurance Corporation (“Citizens”) has been served with 23 Hurricane Irma-related lawsuits since the storm struck the State on September 10.   That number is expected to increase sharply during the First Quarter of 2018, according to an overview …