As reported by the Florida Current, “While not declaring a solid caucus opposition, Senate Minority Leader Chris Smith said Wednesday that Democrats in the upper chamber will take a strong stand against plans to raise the cap on Citizens Property Insurance Corp. rates.” Read the entire story here
As reported by the Sunshine State News, “With a bill expected soon that is intended to give a massive boost to Florida’s property insurance market by shrinking the state-backed insurance provider, business advocates and some environmental groups have already lined up their support.” Read the entire story here
As reported by WorkersCompensation.com, “ The National Association of Insurance Commissioners (NAIC) has named its 2013 committee chairs and vice chairs, and assigned members to the organization’s standing committees.” Read the entire story here
Florida's insurance commissioner Kevin McCarty 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. Read the entire story here
As reported by the Florida Current, “Lawmakers in both chambers of the Legislature are taking a closer look at Florida’s economic incentives programs, after high-profile failures have left state taxpayers paying for companies that went bankrupt and failed to provide the promised jobs.” Read the entire story here
As reported by the Florida Current, the Senate Banking and Insurance Committee has been presented with several proposals that could greatly change the property insurance market next year. Read the entire story here