Citizens Insurance Buying Back $300 Million in Catastrophic Coverage Citizens Property Insurance can buy back some $300 Million in Reinsurance against a Catastrophic Storm because the risk of that happening is now projected to have fallen.  Michael Moline reports …

  AOB Reform Passes Florida House Subcommittee, But It Wasn’t Pretty The Legislature has been arguing over Assignment of Benefits Reform for years, to no avail. Tuesday, Tampa Republican James Grant found out why — the hard way.  FloridaPolitics.com’s Michael …

  A proposed committee substitute for HB 1421 that would limit property insurance assignment of benefits (“AOB”) agreements is on the agenda for consideration by the Florida House of Representatives’ Insurance and Banking Subcommittee today at 2 p.m. (ET), March …

  Miami-Based Asbestos Firm Files Tortious Interference Lawsuit A Miami-Based Law Firm that typically specializes in Asbestos Litigation has Filed a Lawsuit against a Former Client and his South Carolina Attorney for allegedly interfering with a business relationship in an …

      Olympus Insurance Company (Olympus), a leading Florida homeowners insurer, announced that insurance ratings agency Demotech has reaffirmed its current “A Exceptional” Financial Stability Rating® (FSR) based on the company’s 2016 Annual Statutory Financial Statement. Financial Stability Ratings® …

  Additional proposed changes to Florida regulations relating to insurance agent continuing education have been posted by the Florida Department of Financial Services’ Division of Insurance Agent and Agency Services. The proposed Rules referenced are: 69B-228.040                        Course Providers 69B-228.050        …

  Florida’s Citizens Property Insurance Corporation (“Citizens”) Board of Governors (“Board”) will meet on Wednesday, March 15, 2017 to vote on whether to call its 2015 Everglades Re II Series 2015-1 bonds without a call premium on their optional redemption …

  Although Florida law currently does not contain any provisions relating specifically to registration of Personal Delivery Devices (“PDDs”) or required insurance to cover damages caused by their operation, a bill scheduled to be heard tomorrow by the Florida Senate …

  The Florida Senate Committee on Banking and Insurance meets tomorrow, March 14, 2017 from 10 a.m. to noon, during which it it is scheduled to consider SB 812, a bill that would alter the method by which personal lines residential …

  Blaming Claims Abuses, Property Insurers Seek Steep Rate Increases Some of the largest Insurance Companies in South Florida are seeking Rate Hikes again, and Homeowners are due for some nasty surprises at Renewal Time.  The Sun-Sentinel’s Ron Hurtibise reports. …