Florida Senate Property Insurance Review Continues; Senate Staff Invites Personal Meetings

In its ongoing interim review of property insurance issues affecting the State, the Florida Senate is inviting continued input and data from all sources. 

Senate Staff also is welcoming the scheduling of personal meetings as part of the education process.  Should you wish to schedule a meeting with a staff member in regard to Florida property insurance issues, please contact Katie Webb at kwebb@cftlaw.com.

It is expected that any legislative proposals resulting from these discussions are likely to focus on three principles:  consumer protection, consumer choice and the reduction or reform of insurance regulation.

As the information is accumulated, updates are being shared with contributors.  The most recent updates are attached, as well as included via hyperlink below.

Florida Hurricane Catastrophe Fund (“FHCF”)

2009 – 2010 Florida Hurricane Catastrophe Fund Capacity

A report presented by the FHCF to the Florida Commission on Hurricane Loss Projection Methodology concerning the study of mitigation discounts.  (See attached Commission Discount Report Requirements.doc)

Florida Catastrophic Storm Risk Management Center

Reports relating to the Florida Catastrophic Storm Risk Management Center (created by the Florida Legislature in 2007 and housed within the Department of Risk Management/Insurance, Real Estate and Business Law in the Florida State University College of Business) may be viewed by clicking here.

Specific reports include:

• A Comparison of Hurricane Loss Models
• Subsidies in the Post-Loss Assessment Structure of Florida’s Property Insurance Market

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