When it comes to property insurance reform in Florida, everyone is basically focused on proposals that deal with the Florida Hurricane Catastrophe Fund, Citizens Property Insurance Corp. and the (over) regulation of private insurance carriers in the state. Some bills …
For four out of the last seven years, the Florida Hurricane Catastrophe Fund has been projected to have a shortfall should a major hurricane impact the state and cause the fund to pay out to its coverage limits. This is …
The debate over how to reform Florida’s Citizens Property Insurance Corp. has been a years-long and arduous political battle. Despite its original mission to act as Florida’s insurer-of-last-resort, Citizens became former Gov. Charlie Crist’s instrument of populist politics du jour, …
It has been more than two years since the adults regained control of Florida, yet the specter of the Charlie Crist days of demagoguery, populism-at-any-cost and overall political buffoonery looms heavy over the state Capitol. The idea that Charlie Crist …
Despite headlines being dominated by the ever-tightening presidential election, Citizens Property Insurance Corp. continues to make news in Florida. Last week, Citizens announced that it was eliminating its so-called “Corporate Integrity Office,” which serves as a kind of inspector general’s …
The depopulation committee of Florida’s Citizens Property Insurance Corp. unveiled a plan yesterday designed to transfer about a third of the state-run insurer’s 1.4 million policies to private insurance companies over two years. The move comes a day after a …
Albert Einstein once said “a new type of thinking is essential if mankind is to survive and move toward higher levels.” Or, as it often paraphrased, we cannot solve our problems with the same thinking we used when we created …
The Citizens Property Insurance Corp.’s governing board convened a workshop in Miami this week to address various issues facing the state-run insurer, including its inadequate rates, ballooning book of business and recent complaints about how the company is going about …
