Dec 23, 2016
Jeff Atwater: Arrest Made in $100,000 Fraud Against Citizens Insurance Chief Financial Officer Jeff Atwater on Thursday announced the arrest of a Miami Man on Charges that he posed as a Licensed Public Adjuster to Defraud Citizens Property Insurance …
Dec 22, 2016
The Florida Commission on Loss Projection Methodology (“FCHLPM”) advised today that the AIR Worldwide Atlantic Tropical Cyclone Model Version 15.0.2 as implemented in Touchstone Version 4.2.0 is acceptable under the FCHLPM’s 2013 Standards and is considered equivalent to the …
Dec 22, 2016
The Florida Department of Financial Services’ Division of Investigative and Forensic Services (“DIFS”), which operates under the direction of Chief Financial Officer Jeff Atwater, announced the arrest of Julian Garcia-Sellek of Miami on multiple felony fraud and grand theft …
Dec 22, 2016
After Two Hurricanes in 2016, a Dry Florida Faces a New Threat in 2017: Wildfires Florida was drenched by two hurricanes in 2016, yet it faces a completely different problem in 2017: an increased risk of wildfires this winter. …
Florida’s Citizens Property Insurance Alerts Agents to 2017 Depopulation, Assumption Process Changes
Dec 21, 2016
Florida’s Citizens Property Insurance Corporation (“Citizens”) published the following information (reprinted below) in its regular agents’ bulletin today, December 21, 2016: Depopulation: Policyholder Choice Citizens is changing the depopulation process for all personal lines assumptions, beginning with the …
Dec 21, 2016
At the request of Florida Insurance Commissioner David Altmaier, the Federal Emergency Management Agency (“FEMA”) has granted another extension giving National Flood Insurance Program (“NFIP”) policyholders in Florida an extra 30 days (until January 31, 2017) to file claims …
Dec 21, 2016
Demolition Possible for Some St. Augustine Homes Some homes in St. Augustine, Florida could be demolished because of damaged suffered during Hurricane Matthew, the Florida Times-Union reports via the PCI SmartBrief. Florida Beaches See $77M in Hurricane Damage …
Dec 20, 2016
The U.S. House Financial Services Subcommittee on Housing and Insurance is expected to move quickly with draft legislation in January 2017 to re-authorize the National Flood Insurance Program (“NFIP”), which expires on September 30, 2017. Early in December, Subcommittee …
Dec 20, 2016
Today, December 20, 2016, the Federal Reserve Board announced the designation of the chairs and deputy chairs of the 12 Federal Reserve Banks for 2017. Each Reserve Bank has a nine-member board of directors. The Board of Governors in Washington, …
Dec 19, 2016
Florida’s Courts 4th on Tort Reformers’ “Judicial Hellhole” List The controversial Florida Supreme Court and Civil Courts in South Florida find themselves dubiously honored in fourth position on the American Tort Reform Foundation’s 2016-2017 List of “Judicial Hellholes” — putting …