Florida Hurricane Catastrophe Fund

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  Florida Legislators Move Bill to Shrink Citizens Property Insurance Corp.

  By Chad Hemenway, PropertyCasualty360.com  |  May 2, 2013

  The industry is calling for Florida Gov. Rick Scott to sign SB 1770—a bill touted as yet another positive step toward stabilizing the Sunshine’s State’s property insurance market.

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  Don't Mess With the Florida Insurance Cavalry

  By Michael Carlson  |  April 3, 2013

  Bills are quietly moving at the Capitol that would change the 40 year old system designed to help Floridians needing to rebuild or repair their homes but whose insurer is bankrupt.

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  What to Watch for: The Florida Legislative Session

  By Fred E. Karlinsky and Erin Siska  |  March 22, 2013

  Florida’s Legislative Session recently convened with a number of legislative proposals related to insurance under review. Here's a look at some of them.

• Familiar National Catastrophe Fund Bill Meets Familiar Opposition

  By Arthur D. Postal, PropertyCasualty360.com  |  March 19, 2013

  Legislation establishing a national catastrophe fund has again been introduced in the House, and has again drawn the ire of perennial critics.

• Insurer Florida Citizens Increases Hurricane Protection

  By Sarah Mortimer, Reuters  |  February 19, 2013

  Florida Citizens Property Insurance Corporation will sell $250 million of hurricane coverage to investors in 2013 to recoup some of the cost of covering natural disasters in the state, the insurer said.

• Heavily-Vetted Weston Ready to Shoulder Heavy Load in Florida Take-Out Program

  By Chad Hemenway, PropertyCasualty360.com  |  February 13, 2013

  Following nearly two years of modeling, stress-testing and refining its business model, Weston Insurance Co. is ready to embark on a “precedent-setting” move to assume about $30 billion in exposure from Florida’s bloated last-resort insurer.

• Industry Groups, Observers to FIO: Leave Private Reinsurers Alone

  By Arthur D. Postal, PropertyCasualty360.com  |  September 3, 2012

  The Federal Insurance Office (FIO) is being told the government should support the private reinsurance market and think long and hard before creating any government backstop that would alter the current system.

• Former Florida Insurance Commissioner Recalls Hurricane Andrew’s Game-Changing Impact

  By Chad Hemenway, PropertyCasualty360.com  |  September 3, 2012

  It was the storm no one thought—or no one remembered—could happen.

• Through His Eyes: Then-Fla. Insurance Commissioner Remembers Andrew

  By Chad Hemenway, PropertyCasualty360.com  |  August 29, 2012

  Tom Gallagher recounts the damage Hurricane Andrew inflicted and an industry forever changed.

• Industry Observers to FIO: Support Private Reinsurers

  By Arthur D. Postal  |  August 27, 2012

  The Federal Insurance Office is being told the government should support the private reinsurance market and think long and hard before creating any government backstop that would displace the current system.

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  PC360 Exclusive: Florida Insurance Commissioner During Andrew Remembers the Storm—and Assesses Its Game-Changing Impact

  By Chad Hemenway, PropertyCasualty360.com  |  August 23, 2012

  It was the storm no one thought, or no one remembered, could happen and it would forever change Florida's property market and the way the insurance industry does business.

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  Insurance Regulation Report Card: Top 5 and Bottom 5 States

  By R.J. Lehmann  |  June 20, 2012

  The R Street Institute graded and ranked all 50 states on the insurance regulation environments in each.

• Florida PIP Reform Heads to Governor’s Desk

  By Chad Hemenway, PropertyCasualty360.com  |  March 12, 2012

  The last day of the Florida Legislature on Friday saw the passage of a measure to help bring reform to the state’s auto-insurance system.

• A Trio of Insurance Bills Await Action as Florida Session Nears End

  By Brent Kallestad, Associated Press  |  March 6, 2012

  In Florida, three major insurance bills are awaiting action in the final four days of the 2012 legislative session, including one that is a priority of Gov. Rick Scott.

• A Measure of ‘Last Resort’

  By Chad Hemenway, PropertyCasualty360.com  |  February 24, 2012

  Throughout the country surplus-lines carriers are being affected by newly enacted and proposed legislation, but a measure being mulled in Florida is looking at these unregulated high-risk writers to help save the state’s residential market.

• A Measure of ‘Last Resort’

  By Chad Hemenway, PropertyCasualty360.com  |  February 23, 2012

  Desperate to shrink its dangerously overexposed state-run insurer, Florida is floating legislation to allow eligible surplus-lines insurers to take policies from Citizens Property Insurance Corp., the state’s ostensible last-resort insurer.