The Federal Emergency Management Agency has informed Florida that H.B. 503, passed unanimously earlier this year, could result in the state becoming disqualified from the National Flood Insurance Program.
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.
The Florida legislative session ended earlier this month with no real reforms to the Florida Hurricane Catastrophe Fund; but a late addition to the state budget attempts to shore up the Cat Fund’s finances through a tax-credit program. From Insurance Journal: Sponsored by Senator J.D. Alexander (R-Lake Wales), the plan is designed to help shore-up [...]
While the Florida reinsurance market shows signs of hardening, a new national auto insurance survey shows just how complicated rates can be.
In recent years, unscrupulous dealers have begun to exploit legal loopholes to buy and sell unsafe vehicles that have sustained heavy damage from accidents or natural disasters to often unsuspecting persons.
Property owners in South Florida are preparing for a new series of building codes designed to better prepare new and reconstructed homes from wind and water damage after major coastal storms. Some builders and homeowners are concerned that the new codes will lead to higher home construction costs and higher insurance rates. From the Sun-Sentinel: [...]
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.
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.
