The Trayvon Martin case has gripped the nation and has put both the shooter and the law that is seemingly protecting him from prosecution on trial in the court of public opinion.
Florida’s Citizens Property Insurance Corp. is reportedly preparing a $250 million issuance through an entity called Everglades Re Ltd.
While the Florida reinsurance market shows signs of hardening, a new national auto insurance survey shows just how complicated rates can be.
A key players in the program to transfer policies from Florida’s Citizens Property Insurance Corp. over to private “take-out” insurers is moving to the private sector, and to one of the program’s biggest participants. Scott Wallace, Citizens’ departing chief executive officer, was quickly able to find a new position in the private sector as the [...]
It wasn’t a perfect session, but ultimately, advocates of insurance reform in Florida saw lawmakers pass two of the four major insurance bills before the Legislature.
Once again Florida has gone through a legislative session without addressing the many potential problems created by Citizens, its state-run windstorm insurer and proverbial 10,000 pound gorilla in the room. Since its inception, Citizens the so-called state-run insurer of last resort has become anything but, it is now the largest windstorm insurer in the state, [...]
Florida’s insurance system will be in better shape than it was last year, but the legislation passed during the just-completed 2012 session won’t fix deep underlying problems.
Florida’s Citizens Property Insurance Corp. names Florida’s financial regulation commissioner as its new president, while the Texas Windstorm Insurance Association has made its interim general manager permanent.
With just four days left in the session, the Florida Senate added a poison pill amendment to the House-passed bill that would limit surplus lines take-outs to customers who affirmatively opt-in to the program.
C-FIRE Deputy Director R.J. Lehmann talks with J. Robert Hunter of the Consumer Federation of America about overcapitalization of the P&C industry and the shift of weather catastrophe risks onto consumers and taxpayers.