Category Archive: Uncategorized

Apr 23

Florida Locals Alarmed at Bill to Give State Conduit Assessment Power

by Shelly Sigo APR 22, 2015 1:13pm ET BRADENTON, Fla. – A bill making its way through the final days of the Florida legislative session would vastly expand the financing power of the Florida Development Finance Corp. House Bill 7067, a major economic development bill, was amended in recent weeks to give FDFC the ability …

Continue reading »

Apr 16

Florida Cabinet approves buying $2.2 billion more in catastrophe insurance By Steve Bousquet April 14, 2015

TALLAHASSEE — Gov. Rick Scott and Cabinet members voted Tuesday to bolster the state’s catastrophic insurance fund with $2.2 billion of added coverage in advance of what forecasters predict will be another quiet hurricane season in Florida. State financial experts say the cost to a typical policyholder will be “minimal,” or a premium increase of …

Continue reading »

Apr 16

Reinsurance bad deal for Florida homeowners By Ray Rodrigues April 14, 2015

On Tuesday, executives from the Florida Hurricane Catastrophe Fund recommended to the state Board of Administration, consisting of Gov. Rick Scott, Chief Financial Officer Jeff Atwater and Attorney General Pam Bondi, that they approve the purchase of billions of dollars of reinsurance from the private market. I believe the proposed risk transfer is a violation …

Continue reading »

Sep 23

Weiss Ratings Critical of Florida Property Insurance Market Discredited

A recent article from Reuters reported that Florida’s property insurance market may be an “accident waiting to happen.” An unbiased and balanced assessment of the market proves that this is simply untrue. The Florida property insurance market as a whole is strong, well regulated, and fully capable of paying claims when disaster strikes. The Reuters …

Continue reading »

Aug 15

Lloyds of London subsidiary pulls out of Tampa Bay flood insurance marketplace, but that’s OK

A subsidiary of one of the world’s largest private insurance companies, The Flood Insurance Agency, will no longer be writing flood insurance policies in several Tampa Bay area counties including Pinellas. That’s OK though, according to a local insurance guru. “One division of Lloyds of London doesn’t dictate the entire market,” Jake Holehouse of Holehouse …

Continue reading »

Older posts «