Category: Florida Insurance and Political Headlines

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 …

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 …

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 …

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 …

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?  …

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 …

Insurance Company Tied to Patriot National Agrees to be Acquired Ashmere Insurance Co.’s Parent Company, which is majority owned by Patriot National’s Former CEO and majority shareholder Steven Mariano, announced on November 21 that it plans to be acquired by Bedrock …