Category: Florida News

The Florida Office of Insurance Regulation has scheduled a public hearing for October 18, 2017 to consider a workers’ compensation rate filing made by the National Council on Compensation Insurance, Inc. (“NCCI”). The NCCI has requested an overall average decrease …

The Florida Hurricane Catastrophe Fund has updated the following (click on the hyperlink to access each PDF file): As of September 29, 2017:   2017/2018 FHCF Coverage Selections & Premium Calculations As of October 2, 2017:  2016/2017 FHCF Coverage Selections & Premium …

Taddeo’s arrival shakes up Senate Banking and Insurance Committee The impact of the assignment shuffle appears to be greatest on the Senate Banking and Insurance Committee, where President Negron replaced Democrat trial lawyer Gary Farmer with Taddeo and then added …

Florida Senate To Focus On Hurricane Issues Next Week With Hurricane Issues expected to play a big role in the 2018 Legislative Session, several Senate Committees next week will begin looking at storm-related issues in the aftermath of Hurricane Irma.  …

Florida Citizens says hurricane Irma loss won’t hit reinsurance It is the coastal account which has the private market reinsurance and the Everglades catastrophe bonds acting as risk transfer, with the first per-occurrence reinsurance wrap attaching above $504 million of …

Taddeo Wins As Democrats Pick Up Florida Senate Seat Florida’s Democratic Party picked up a Crucial Seat in the Florida Senate Tuesday in a Special Election triggered months ago by a Miami Republican’s Alcohol-Fueled Tirade at a bar near the …

Florida Regulator:  Irma-Related Insurance Claims Approach $3.6B Insurance Claims stemming from Hurricane Irma Damage in Florida totaled $3.58 Billion as of late Saturday, according to Data from the State.  The Orlando Sentinel reports via Insurance Journal. Hurricane Maria Waves Batter …

Floridians File Nearly 17,000 Flood Insurance Claims FEMA Data shows that Miami-Dade Residents have Filed 1,870 Claims, 829 have been Filed in Broward County and 199 have come from Palm Beach County.  U.S. News and World Report says. Insider Q&A: …

At its meeting scheduled for Wednesday, September 27, 2017, Florida’s Citizens Property Insurance Corporation (“Citizens”) Board of Governors (“Board”) will consider whether to call several bonds before their maturity date–a move estimated to save the State-run insurer over $9 million …

After Irma:  Consumers Face New Reality With Higher Storm Deductibles Statewide, more than 496,000 Irma Claims had been Filed as of Thursday. Less than 10 percent had been closed.  Charles Elmore reports for the Palm Beach Post. Most of Hurricane …