Category: Insurance Regulatory News

  Governor Activates National Guard, Declares Emergency as Tropical Storm Colin Approaches Florida Governor Rick Scott activated 6,000 National Guard troops, declared a state of emergency in more than half the state’s counties and urged all Floridians to stay home …

  Scott Activates Florida’s Emergency Management Center as Tropical Depression Builds Governor Rick Scott has elevated the activation status of the State Emergency Operations Center in Tallahassee as Florida braces for the possible impacts of a tropical depression brewing in …

  Florida Homeowners in Untested, but Financially Stable Climate Entering Hurricane Season Many homeowners are newbies at assembling a hurricane kit, let alone evacuating or filing damage claims. Many insurance companies writing their policies are also relatively new.  The Tampa …

  Florida Tops CoreLogic List of Metro Areas Ranked by Homes Exposed to Storm Surge The Miami Core-Based Statistical Area, which includes Fort Lauderdale and West Palm Beach, has the most homes at risk totaling 780,482 with a reconstruction cost …

  As Hurricane Season Nears, Florida Looks Strong A decade without a devastating hurricane has left Florida in the strongest position ever to face the annual storm season that begins today.  Lloyd Dunkelberger reports for the Sarasota Herald-Tribune. Florida Insurers’ …

  As Hurricane Season Begins, Asking Tough Questions Of Citizens Insurance With the official opening of hurricane season at hand, company officials say Citizens has enough money in reserve to pay claims if even a catastrophic Category 5 storm hits …

  Florida’s business community decried a 17.1 percent rate increase filing made by the National Council on Compensation Insurance (“NCCI”) today, May 27, 2016.  Organizations such as the Florida Chamber are preparing to call upon the Florida Legislature to schedule …

  Florida’s Citizens Property Insurance President and CEO Barry Gilway sent the following letter addressing upcoming policy changes that may affect policyholders in a news release today, May 27, 2016:   Citizens CEO: Policy contract policy changes, Citizens’ commitment does …

  Fitch:  Florida Specialist Insurers Largely Untested By Hurricanes The majority of Florida’s homeowner specialist insurers have brief histories, and their ability to manage a large catastrophic hurricane is uncertain despite recent strong performance, according to a new report from …

  The majority of Florida’s homeowner specialist insurers have brief histories, and their ability to manage a large catastrophic hurricane is uncertain despite recent strong performance, according to a new report from Fitch Ratings issued today, May 26, 2016. Fitch …