Heritage takes over policies from troubled Sawgrass Mutual Heritage said it believes the acquisition will increase the company’s operating income and make its book of business more attractive to reinsurers, the Sun-Sentinel’s Ron Hurtibise reports. Jeff Garretson, Vice President of …

The Florida Senate Committee on Banking and Insurance Committee (“Committee”) met today, November 7, 2017, to discuss property insurance-related managed repair programs, with the goal of better understanding the effects of these types of programs on insurers, as well as …

Hurricane Irma Claims Reach $5.5 Billion In the eight weeks since Irma rampaged through the State, the estimated Insured Losses from Property Owners now stands at $5.55 Billion, according to an updated Report Monday from the Florida Office of Insurance …

Rulemaking is underway for the proposed 2018-2019 Florida Hurricane Catastrophe Fund (“FHCF”) Reimbursement Contract, which is regulated by Rule 19-8.010, F.A.C.   In addition to having obsolete material deleted, the proposed Rule could also include a provision for an alternative procedure …

Lawmakers Foresee “Headwinds” In Passing Major Insurance Legislation Republican Senator Anitere Flores, who represents the Irma-battered Florida Keys, said Friday that Property Insurance will be the “Main” Insurance Issue she will tackle in the upcoming Legislative Session.  FloridaPolitics.com’s Ana Ceballos reports. …

Reinsurance Exec Says Industry Was Prepared For 2017 Disasters Despite a deadly and costly storm season this year, Aon Benfield President Andy Marcell said Thursday Reinsurers were more than prepared to handle the call and bounce back quickly.  FloridaPolitics.com Publisher Peter Schorsch …

Florida homeowners need break from assignment-of-benefits lawsuits The damage from AOB litigation is clear, U.S. Chamber Institute for Legal Reform Executive Vice President Harold Kim explains in the Sun-Sentinel. Al Lawson makes big push for Jacksonville flood mitigation U.S. Representative Al …

In an October 26, 2017 report entitled “Third Report On The Administration’s Core Principles For Financial Regulation,” the U.S. Treasury has made a sweeping list of insurance regulatory overhaul recommendations aligned around the Trump Administration’s “Core Principles for Financial Regulation.” …

Florida Office of Insurance Regulation Orders Slightly Larger Workers’ Compensation Insurance Rate Decrease for 2018 Florida Insurance Commissioner David Altmaier issued an Order late yesterday notifying the National Council on Compensation Insurance that its 2018 Rate Filing has been disapproved and, …

The Florida House of Representatives’ Select Committee on Hurricane Response and Preparedness met yesterday, October 26, 2017, to discuss various disaster-response related items, including emergency management operational communications, evacuations, petroleum supplies and distribution, and electric utilities.  Presenters represented both public …