Florida Cabinet

• Proposals for Reducing Florida Citizens Property Corp. Headed to Cabinet

  By Brent Kallestad, Associated Press  |  December 1, 2011

  Citizens Property Insurance Corp. plans to eliminate homeowners coverage on roughly 7,500 coastal homes valued at $2 million or more and reduce the amount of homeowner liability coverage in a measure designed to reduce the size of the state-backed insurer and corresponding risk to Florida taxpayers.

• A Revamped Citizens and Cat Fund in 2012?

  By Fred E. Karlinsky, Esq., Katherine Scott Webb, Richard J. Fidei, Esq.  |  November 28, 2011

  Given the 2011 residential property reforms, expect Florida’s 2012 session to be much quieter in that area. The exceptions could be legislation on Citizens and the Cat Fund.

• Florida PIP Auto Insurance System Taxes ‘Joe and Mary Lunchbox’

  By Chad Hemenway, PropertyCasualty360.com  |  August 17, 2011

  Florida Insurance Commissioner Kevin McCarty says fraud and abuse in the state’s personal injury protection insurance system is largely to blame for a 70 percent increase in PIP claims paid since 2008.

• No Middle Ground in Florida's Sinkhole Rate Debate

  By Joan E. Collier, PropertyCasualty360.com  |  August 4, 2011

  The gap widens as the debate continues over proposed rate hikes for sinkholes covered by Florida's Citizens Property Insurance Corp.

• Tom Grady Approved as Florida Commissioner of Financial Regulation

  By Joan E. Collier, PropertyCasualty360.com  |  August 2, 2011

  Former Republican state representative Tom Grady of Naples will be Florida’s new commissioner of the Office of Financial Regulation.

• New Figures Disclose Citizens Property Insurance Corp.’s Strengths, Weaknesses

  By Gary Fineout  |  June 28, 2011

  An analysis developed by Citizens Property Insurance Corp. shows that Florida policyholders could be on the hook for significant assessments if the state gets hit by a major storm.

• Florida’s Reduced Collateral Rule for Reinsurers Is Only a First Step

  By Joel Mutnick, CPA  |  March 21, 2011

  With reduced collateral requirements, Florida has opened the door for companies to enter the reinsurance market and provide greatly needed relief to domestic insurers.

• Sink Wants BP Claim Process Improved

  By Staff Writer  |  June 29, 2010

  CFO Sink writes Feinberg regarding claim process for BP oil spill.

• Do We Feel Lucky?

  By Fred E. Karlinsky, Esq.  |  June 1, 2010

  Florida's personal and commercial residential property insurance market today consists mostly of small domestic insurers, Citizens Property Insurance Corp. and State Farm Florida Insurance Co.

• Florida Cat Fund Issuing Bonds

  By Gary Fineout  |  May 1, 2010

  The storms that hit Florida in 2005 keep taking their toll.