Category: Florida News

  Senate Favors Tax Cuts for Businesses in Last-Minute Swap Hitting Florida Insurers A massive Tax Cut Package sped through a Florida Senate Committee on Tuesday — but with one big switch, swapping out Salary Tax Credit Incentives for cuts …

  Florida Senate Moves to End Insurance Industry Tax Break Insurance-Industry Officials remained adamant Tuesday that a Proposal to eliminate a decades-old Tax Credit will cost jobs and hike premiums as the measure moved forward in the Senate with a …

  Florida Appeals Court Sides With State Farm on Policy Information An Appeals Court Monday sided with State Farm Florida in a dispute about whether Policy Information submitted to State Regulators is a “Trade Secret” and should be shielded from …

  Florida’s First District Court of Appeal has sided with State Farm Florida in its dispute with the Florida Office of Insurance Regulation over whether policy information submitted to state regulators is a “trade secret” and should be shielded from …

  According to Florida’s Citizens Property Insurance Corporation (“Citizens”), the State-run insurer’s self-service capabilities and associated transaction volumes are well behind industry benchmarks for policyholders.  To initiate efforts toward change, Citizens’ Consumer Services Committee will review a proposed feasibility study …

    Please Note the Corrected Name of the Florida Hurricane Catastrophe Advisory Council.   The Florida Hurricane Catastrophe Fund Advisory Council will consider major proposed revisions to Rule 19-8.028, F.A.C., “Reimbursement Premium Formula” at a meeting scheduled for Thursday, …

  Florida Senate Insurance Premium Tax Break Repeal May Be on the Ropes Senator Anitere Flores, a Miami-Dade Republican and Negron’s right hand in the Chamber, is running the Bill (SB 378) to pay for a Cut in the State’s Tax on …

  The following is the complete text of a news release issued by Demotech, Inc. on March 16, 2017: Reserving, Reinsurance, Recapitalization, and Ratings Columbus, Ohio, March 16, 2017– Two facts underlie Demotech’s most recent efforts to stabilize the property …

  Florida Property Insurers Largely Avoid Downgrades, For Now, Demotech Says Ratings company Demotech is holding off on issuing Large-Scale Ratings Downgrades of Florida Property Insurers for now, after a number of Insurers heeded its warning of last month about …

  Citizens Insurance Buying Back $300 Million in Catastrophic Coverage Citizens Property Insurance can buy back some $300 Million in Reinsurance against a Catastrophic Storm because the risk of that happening is now projected to have fallen.  Michael Moline reports …