Florida Commissioner McCarty News

Florida Fines Universal P/C $1.3M for Claims Delays, Notice Failures

Florida’s second largest property insurer is being hit with a fine of nearly $1.3 million. Florida Insurance Commissioner Kevin McCarty announced that his office was assessing a fine against Universal Property & Casualty Insurance Co. Universal has roughly 542,000 policyholders …

Florida Regulator McCarty Offers Reform Map to Smaller Citizens Property Insurance

Florida’s insurance commissioner has proposed a set of reforms designed to return the state-back property insurer to being a residual market, while at the same time offering the private insurance market incentives to take on more property risks. Insurance Commissioner …