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The Florida Hurricane Catastrophe Fund (FHCF) recently projected a potential shortfall in its claims-paying capacity for the first time in many years. By statute, the FHCF provides up to $17 billion in reimbursement capacity to residential property insurers each year. However, that obligation is limited to the amount the FHCF actually can pay, if less […]
The Florida legislature will convene in a special session this week to discuss several time-sensitive proposals. The call of this special session does not include any items directly related to insurance. Senate President Kathleen Passidomo and House Speaker Paul Renner have identified the following issues for consideration in the special session, which is scheduled to […]
Florida Legislature, property insurance, homeowners, Governor Ron DeSantis, 2022 special session, Hurricane Ian
The Florida legislature will convene in a special session from December 12, 2022, through December 16, 2022. The special session is expected to include consideration of property tax relief for Floridians affected by Hurricane Ian as well as property insurance reforms. Governor Ron DeSantis has mentioned in recent weeks that he anticipated a special session […]
Florida Legislature, Insurance Regulation News, property insurance, Florida special session, Hurricane Ian, December special session, Insurance Regulation
Florida Hurricane Catastrophe Fund, Florida Legislature, Insurance Regulation News, property insurance, Florida special session, Hurricane Ian
Governor Ron DeSantis announced that Florida Housing Finance Corporation (FHFC) will be making $5 million in disaster recovery funds available to local housing partners to help Floridians with their hurricane deductibles. The assistance will be available in Charlotte, Collier, DeSoto, Hardee, Lee, and Sarasota counties. Affected individuals may apply through FHFC’s local housing partners. FHFC […]
Florida Legislature, property insurance, insurance fraud, Governor DeSantis, Florida special session, Hurricane Ian
Florida Legislature, Insurance Regulation News, property insurance, assignment of benefits, AOB Claims, CFO Jimmy Patronis, Florida special session, Hurricane Ian, Insurance Regulation
Citizens Property Insurance Corporation, Florida Hurricane Catastrophe Fund, Insurance Regulation News, assignment of benefits, Demotech, Hurricane Ian
