Category: Insurance Regulatory News

  CORRECTION:  Please note that the date of this meeting is TOMORROW, May 12. In advance of its Advisory Council meeting tomorrow, May 12, 2016 at 1:30 p.m. (ET), the Florida Hurricane Catastrophe Fund (“FHCF”) has published a revised meeting …

  Florida’s Citizens Property Insurance Corporation (“Citizens”) advised today, May 10, 2016, that important policy changes are coming beginning July 1 as the state-backed insurer takes steps to provide better educate its policyholders early in the claims process with the …

  Alachua Firefighter Shortage Could Hike Insurance for Thousands Nearly 3,000 residents and businesses in four Alachua County communities are facing big hikes or cancellation of their Homeowner’s Insurance after an Agency threatened to lower their ratings because of a …

  The Consumer Financial Protection Bureau (“CFPB”) announced on May 5, 2016 that it is seeking comments on proposed Rules that would prohibit companies from putting mandatory arbitration clauses in new contracts.   These clauses typically state that either the …

    The Arizona Department of Insurance announced on May 5, 2016 that the results are in from its recent “Operating at the Speed of Business” Survey: We need to make information easier to find on some parts of our web …

  A.M. BestTV:  Mitigation Firms Play Havoc With Florida Homeowners Market In this A.M.BestTV episode from the annual conference of the Florida Association for Insurance Reform, insurance leaders said Florida must revise an out-of-control system that allows mitigation companies to …

  HCI Chairman and CEO Paresh Patel undaunted After two-and-a-half years of planning and development, HCI officially launched TypTap, an online residential flood insurance platform, Steve Benna reports for the Florida Business Observer.   Empower property owners on flood insurance …

  The Florida Hurricane Catastrophe Fund (“FHCF”) Advisory Board is scheduled to meet on May 12, 2016 at 1:30 p.m. (ET) to review the 2016 Estimated Claims Paying Capacity Report.   Also on the agenda is a review of FHCF-related …

  Citizens drops policies on homes valued over $700K in Broward, Palm Beach After reducing its policy count by more than two-thirds over the past four years, state-run Citizens Property Insurance continued to shed its risk load by securing approval …

  Florida Insurance Commissioner Candidate Jeffrey Bragg Applies for PSC Post Governor Rick Scott’s top choice to become insurance commissioner, Jeffrey S. Bragg, is among the 11 candidates who have applied to become Public Service Commissioner, the powerful board that …