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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.
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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.
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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.
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By Bill Kaczor, Associated Press |
July 28, 2011
Florida's largest property insurance company on Wednesday proposed an average increase of nearly 430 percent for optional sinkhole coverage in response to soaring claims and 8.8 percent for all other perils, including hurricanes, fire, and theft, all effective in 2012.
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By Gary Fineout |
April 6, 2011
Florida lawmakers sauntered into the 2011 session promising to help businesses, end red tape and regulation, and revive the economy. However, it is clear that the insurance industry will not get everything it wants.
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By Chad Hemenway, PropertyCasualty360.com |
March 23, 2011
This year’s massive Florida property insurance reform bill has made its way through the Senate Budget Committee, but changes to the bill irk industry representatives.
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By Chad Hemenway, PropertyCasualty360.com |
March 18, 2011
Catastrophe models have become so ingrained in the insurance industry that a model revision can have profound effects on all aspects of the business, especially when loss results for some books of business can double.
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By Chad Hemenway, PropertyCasualty360.com |
December 7, 2010
There is a new property insurance bill in the works in Florida--one that insurers hope will gain the support of new Gov. Rick Scott.
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By Joan E. Collier, PropertyCasualty360.com, Joan E. Collier, PropertyCasualty360.com |
September 1, 2010
You may have noticed some changes in our magazine and web site over the past several months.
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By Arthur D. Postal, PropertyCasualty360.com |
July 19, 2010
Foreign insurers are "using scare tactics" to maintain the status quo.
