Category: Insurance Regulatory News

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 …

The Florida Commission on Hurricane Loss Projection Methodology (“FCHLPM”) has scheduled a series of meetings for September 27 and 28, 2017 to discuss the 2017 hurricane standards and the acceptability process.   Various administrative aspects of the flood standards adopted this …

Irma Insurance Claims Already Near $2 Billion The Heaviest Claims Activity was in the half-dozen Counties that form the Southern Tip of Florida: Monroe, Miami-Dade, Broward, Palm Beach, Collier and Lee.  THE NEWS SERVICE OF FLORIDA’s Lloyd Dunkelberger reports via …

Property Insurance Bill Proposed in Florida Senate Moves to Committee State Senator Dorothy L. Hukill (R-Port Orange) thinks the Potential Turmoil Property Owners could face in the aftermath of Hurricane Irma demonstrates the urgent need for the Assignment of Benefits …

Amid Hurricane Irma recovery efforts, Florida’s Citizens Property Insurance Corporation’s (“Citizens’”) Board of Governors (“Board”) will still convene on September 27, 2017 at 9 a.m. (ET)–but now by conference call instead. Committee meetings and an in-person meeting of the nine-member Board …

Florida’s Office Of Insurance Regulation Issues Emergency Order David Altmaier, Commissioner of the Florida Office of Insurance Regulation, issued an Emergency Order Wednesday that protects Policyholders from abuse by their Insurance Companies in the aftermath of Hurricane Irma.  Malena Carollo …

With Florida’s Citizens Property Insurance Corporation (“Citizens”) personnel deployed for post-Hurricane Irma activities, the State-run insurer’s Consumer Services Committee meeting scheduled for today, September 14, 2017, has been canceled.  The Committee had been scheduled to hear an update on Citizens’ …

Rick Scott Blocks Insurance Premium Hikes, Cancellations During Irma Recovery Florida Governor Rick Scott has ordered a Three-Month Freeze on Insurance Rate Increases for Homeowners struggling to recover from Hurricane Irma — plus a Three-Month Grace Period for Policyholders who received Non-Renewal …

Corcoran:  After Hurricane Irma, Legislature could immediately convene special session House Speaker Richard Corcoran said the Legislature could “immediately convene” a special session if needed in the wake of Hurricane Irma.  Matt Dixon reports for Politico Florida. Legislative Committees Canceled as …

With Florida having declared a State of Emergency in all 67 counties as Hurricane Irma advances, Citizens Property Insurance Corporation (“Citizens”) has called an emergency meeting of its Board of Governors (“Board”) tomorrow, September 6, 2017. The Board meeting has …