Category: Insurance Regulatory News

  Florida’s Citizens Property Insurance Corporation (“Citizens”) has requested statewide average rate changes for its business in the Coastal Account (“CA”), Commercial Lines Account (“CLA”), and Personal Lines Account (“PLA”).  The proposed rates were approved by Citizens’ Board of Governors …

  Geologists Descend on Florida Neighborhood to Study Massive Sinkhole Experts might ever know exactly what caused Pasco County’s Largest Sinkhole in Decades, but a Team of University of South Florida Researchers have descended upon Lake Padgett Estates to learn as …

  As Hurricane Andrew Memories Fade, Florida Weakens Building Codes The Building Codes once hailed as the Gold Standard Other States should emulate are under assault.  Alan Gomez writes for USA Today.   Sea Level Rose Faster In The Southeastern …

  The Florida Surplus Line Service Office (“FSLSO”) released its 2016 Annual Report during its Third Quarter Board Meeting on August 8, 2017, in which was documented that surplus lines premium written in Florida continued to grow, nearing almost $5 …

  Florida Senate President Appoints Blake Capps to The Citizens Insurance Board of Governors Florida Senate President Joe Negron (R-Stuart) today announced the Appointment of Blake Capps to the Citizens Property Insurance Board of Governors. Mr. Capps’ Appointment begins immediately …

  Insurers, Trial Lawyers Spar In Bad Faith Case The Insurance Industry and Plaintiffs’ Attorneys are trying to help sway the Florida Supreme Court in a potentially High-Stakes Case stemming from a Fatal Auto Accident in 2006 in Palm Beach …

  The National Association of Insurance Commissioners (“NAIC”) released the second volume of the 30th edition of the Insurance Department Resources Report (“IDRR”) today, August 7, 2017. The report is designed to help state insurance departments assess their resources in comparison to …

  Sinkhole in Florida Neighborhood Continues Growing, 2 More Homes Condemned Pasco County Officials during a News Conference that a large chunk of the hole’s edge has collapsed. Two More Homes in Land O’Lakes, a Tampa Suburb, have been condemned. …

  In a report requested by U.S. House Committee on Transportation and Infrastructure Chairman Bill Shuster and Ranking Member Peter DeFazio, the U.S. Government Accountability Office (“GAO”) recommended that the U.S. Department of Transportation (“DOT”) take steps to assess and …

  Cypress Offers Florida AOB-Blunting Deductible Plan The Patented Plan applies to up to 2 percent of the Insured Value of the Covered Home or Condominium, without applying Fees, Interest or requiring Credit Checks.  Insurance Insider reports.   Citizens Insurance …