Jun 23, 2016
Florida’s Citizens Property Insurance Signs Off on Possible Rate Hikes Pointing to a “Crisis” in costly water-damage claims, the Citizens Property Insurance Board of Governors on Wednesday unanimously approved a proposed 6.8 percent statewide rate increase. THE NEWS SERVICE …
Jun 22, 2016
At its meeting yesterday, June 21, 2016, the Financial Stability Oversight Council (“FSOC” or “Council”) unanimously approved its 2016 annual report, which was developed collaboratively by the FSOC members, their agencies and staff members. The FSOC reports annually to …
Jun 22, 2016
At a meeting in Maitland Florida today, June 22, 2016, Citizens Property Insurance Corporation’s (“Citizens”) Board of Governors (“Board”) approved recommended rates for 2017, describing them as ” . . . responsive to rising non-weather water losses and assignment …
Jun 22, 2016
Florida’s Citizens Property Insurance Expects More Customers in 2017 After years of losing customers, state-run Citizens Property Insurance expects to gain them in 2017, its top executive said Tuesday. Charles Elmore reports for the Palm Beach Post. Integro …
Jun 21, 2016
Pending approval today by its Actuarial and Underwriting Committee, Florida’s Citizens Property Insurance Corporation’s (“Citizens”) Board of Governors (“Board) will be asked to approve a 2017 rate package that reflects the impact of non-weather related water loss claims in …
Jun 20, 2016
The Florida Surplus Lines Service Office (“FSLSO”) will hold its quarterly Member’s Forum on June 23, 2016 at 2 p.m. (EDT). A complimentary 30-minute Webinar, the event is designed to update participants on important information and current events in …
Jun 20, 2016
A proposed average statewide premium increase of 6.8 percent will be the focus of Florida’s Citizens Property Insurance Corporation’s (“Citizens”) Actuarial and Underwriting Committee meeting tomorrow, June 21, 2016. The meeting, which is scheduled to begin at 6:30 p.m. …
Jun 20, 2016
Note: Hyperlinks to the attendant documents have been corrected below. In a press release issued today, June 20, 2016, California Insurance Commissioner Dave Jones announced his decision in a major insurance case pitting a small business against a Berkshire …
Jun 20, 2016
In Bulletin DFS-02-2016 issued June 17, 2016, Florida’s Chief Financial Officer Jeff Atwater advised insurers and self-insurers that the State’s Division of Workers’ Compensation has issued an “Order Setting Assessment Rate for Workers’ Compensation Administration Trust Fund (WCATF) for Calendar Year …
Jun 20, 2016
Florida Theme Parks Review Safety Policies After Fatal Alligator Attack After a gator killed a 2-year-old Nebraska boy at a Walt Disney World Resort, attention soon turned to tourists. In a state with an estimated 1 million alligators, how …