The 2011 legislative session was, according to seasoned insurance industry professionals, the most active in the past 30 years—especially in the property insurance arena. Bills dealing with sinkhole reform, replacement cost reform, and Citizens Property Insurance Corp. were at the …
LMA In The News
FAPL Letter
Open Clothes Doors Event Huge Success!
Last week, on the 3rd floor of the Capitol Rotunda, FAPL and the Florida Coalition Against Domestic Violence teamed up with Dress for Success and Club 25 Women to collect business clothing for distribution …
Buck Passed
What. Property insurance legislation vetoed by governor again.
Issue. Did bad politics trump good policy?
Impact. New capital gets scarce, more companies unable to pay claims and Citizens takes on more policies.
In the wake of Gov. Charlie Crist’s June …
Northern Capital Insurance took hits to surplus in re-filed statements
Miami-based Northern Capital Insurance Co. amended or re-filed its statutory statements several times in 2009, making revisions that had negative effects on its statutory surplus.
Northern Capital Insurance was incorporated in 2004 and started business in 2006, according to regulatory …
The Future of Legislative Advocacy
In today’s fast-paced world, we spend our lives making sure we respond to e-mails, voicemails, memos and other demands for information. we speed dial, do canned letters and notes to cut down on the time it takes us to keep …
Insurer remains, but some policies will not
In a major turnabout for the property-insurance market, State Farm Florida said Wednesday it will continue doing business in the state — though it will drop 125,000 residential policies and raise rates.
State Farm and Insurance Commissioner Kevin McCarty announced …
Hurricane-proofing discounts attacked by insurance industry
State leaders and the insurance industry have sent the message time and again to Florida homeowners.
Add hurricane shutters, strengthen your roofs and make other home improvements.
And if you do, you’ll get a two-pronged reward: better protection against hurricanes …
Why your rates keep rising even without hurricanes
Wayne and Nancy Haller were in the “good hands” of Allstate for 42 years.
The Hallers insured a house, cars, a motorcycle and a boat. They were grateful to Allstate, too, after Hurricane Charley blew apart a pool screen and …
Prepare to pay more for Florida Home Insurance
Seven major Florida property insurers are asking to increase home insurance rates – from 8 percent to 15 percent – within the next year despite several years without serious storms.
The insurers, who are among the top 25 largest home …
Mobile Homes, Mobile Market
As we enter the last half of the 2009 hurricane season, the state of Florida has a significant number of mobile homes/manufactured housing at risk. A U.S. Census Bureau report titled Structural and Occupancy Characteristics of Housing: 2000, notes that …
