Florida’s Citizens Property Insurance Claims Committee to Review Hurricane Irma Response, Litigation
Dec 4, 2017
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 …
Dec 4, 2017
The Florida Senate Committee on Banking and Insurance (“Committee”) meets tomorrow, December 5, 2017, with a packed agenda of insurance-related bills for consideration. The two-hour meeting, which is scheduled to begin at 10 a.m. (ET), will be available for viewing …
Dec 4, 2017
The Florida House of Representatives’ Select Committee on Hurricane Response and Preparedness meets today, December 4, 2017, at 3 p.m. (ET) to review a substantial list of Member recommendations intended to improve government actions and coordination in regard to hurricanes …
Dec 4, 2017
Nearly 1,200 Buildings in the Keys were Destroyed by Hurricane Irma Included in the number are 727 Structures in Unincorporated Monroe County. Not included are mobile homes because is many instances, Inspectors couldn’t match a structure with a Lot because …
Dec 1, 2017
The Florida Commission on Hurricane Loss Projection Methodology (“FCHLPM”) has published its statutory Hurricane Standards Report of Activities as of November 1, 2017. To view the document, click here. The FCHLPM has operated on a biennial cycle since 2009, when …
Dec 1, 2017
The Florida Hurricane Catastrophe Fund (“FHCF”) has posted Mandatory Year-End Loss Reporting information for 2017 Hurricanes Irma and Nate, as well as for 2016 Hurricanes Hermine and Matthew. FHCF Participating Insurers must submit Year-End Proof of Loss Reports for each …
Dec 1, 2017
Insurers With Stockholders Pay Out Less To Florida Drivers, Study Says As Car Damage from 2017 Storms in Florida and Texas threatens to set Records, does it matter if your Insurance Company has to please Stockholders and not just Policyholders? …
Nov 30, 2017
The U.S. Treasury advised this week that a statutory periodic analysis of certain matters relating to the Terrorism Risk Insurance Program (“TRIP”) is now underway. Originally enacted as part of the recovery from the 2001 World Trade Center 9-11 bombings …
Nov 30, 2017
Patriot National to Reorganize For Acquiring Lenders; Subsidiaries to File Chapter 11 The Company, headquartered in Fort Lauderdale, Fla., expects the Reorganization, which is subject to Regulatory Approval, will be completed early in the Second Quarter of 2018. Insurance Journal’s …
Nov 28, 2017
The National Association of Insurance Commissioners’ (“NAIC”) Public Adjuster Working Group (“Working Group”) met yesterday, November 27, 2017, to review submitted public comments on the following documents relating to the hiring of public adjusters: (1) Insurance Industry Advisory (2) Advisory …