A move to revamp the state-backed property insurer of last resort into Florida’s main wind carrier, a plan dubbed “Citizens 2.0,” appears to have died in the Legislature this year. But other insurance-related bills are still alive, and the governor’s …
A key Florida Senate committee this week advanced a bill that would allow surplus lines carriers to take over coverage of second homes from Citizens Property Insurance Corp. Reaction by agents and brokers was mixed. The issue of having the …
Florida-based insurers still aren’t profitable, overall, but their net losses and underwriting losses are getting smaller. Two more property insurance companies are preparing to enter the Florida market. And the number of Citizens Property Insurance Corporation’s commercial policies is growing …
The next speaker of the Florida House of Representatives, set to take charge in 2025, said he hopes to see more legislation that could further address spiraling property insurance costs. “Do I believe we are done with property insurance? No. …
When a bill passed at a December special session of the Florida Legislature required all Citizens Property Insurance policyholders to buy flood insurance, many owners in high-rise condominiums were outraged. Already facing soaring premiums on HO-6 policies, now they were …
The Florida Senate has unanimously approved an amended version of the Insurer Accountability Act, removing some reporting requirements for property insurers. The amended bill would continue to bar insurers from altering adjusters’ estimates without detailing the changes. An earlier version …
The Florida House of Representatives has approved a bill that would stiffen penalties for catalytic converter theft and would make it easier to prove intent. Senate Bill 306 now goes to the governor for his signature. The full Senate also …
Auto insurance and tort-reform groups are keeping their fingers crossed after a second Florida House subcommittee approved a bill that would ban assignment-of-benefits agreements for windshield repairs, a measure that proponents hope will stem a flood of litigation aimed at …
A Florida Senate Committee spent about two hours Monday reviewing a sweeping property insurance reform bill before approving it along party lines – with no changes. All nine Republicans on the Senate Banking and Insurance Committee voted in favor of …
Florida legislative leaders posted a proclamation Tuesday painting the broad outlines of the special session scheduled to begin Monday, Dec. 12. And it quickly had tongues wagging around the industry. As expected, the proclamation from Sen. President Kathleen Passidomo and …
