March 12, 2013
The debate over how to reform Florida’s Citizens Property Insurance Corp. has been a years-long and arduous political battle. Despite its original mission to act as Florida’s insurer-of-last-resort, Citizens became former Gov. Charlie Crist’s instrument of populist politics du jour, …
March 12, 2013
Legislation to break up North Carolina’s rate bureau cartel and bring the state’s auto insurance market into the 21st Century has now been introduced in both houses of the General Assembly. This past week, Rep. Jeff Collins, R-Nash, introduced H.B. …
February 28, 2013
This week, two important pieces of legislation began moving through the Texas Legislature. H.B. 1890 was filed by Rep. Phil Stephenson, R-Wharton, and S.B. 784 by Sen. Juan Hinojosa, R-Corpus Christi, was referred to the Senate Finance Committee. H.B. 1890 …
February 26, 2013
Floridians would face about $7.19 billion in post-hurricane taxes to make up the funding shortfalls of state-run Citizens Property Insurance Corp. and the Florida Hurricane Catastrophe Fund should even a 1-in-50-year storm hit the state – a tally that could …
February 22, 2013
Coming on the heels of a major deal that transferred 31,000 coastal policies and $30 billion in gross exposure to private start-up Weston Insurance Co., Florida’s state-run Citizens Property Insurance Corp. is moving to shift even more risk to the …
February 21, 2013
Most of the attempts to fix Michigan’s long-time Essential Insurance Act have ended as spectacularly as the meteor which exploded over the Ural Mountains town of Chelyabinsk a few days ago, injuring over a thousand stunned residents of central Russia. …
February 15, 2013
It has been more than two years since the adults regained control of Florida, yet the specter of the Charlie Crist days of demagoguery, populism-at-any-cost and overall political buffoonery looms heavy over the state Capitol. The idea that Charlie Crist …
February 7, 2013
Floridians believe their state should stay out of the insurance business, rather than supporting a state-run insurance company, according to a recent poll sponsored by the Florida Chamber of Commerce. The result comes from an issues analysis poll prepared for …
February 1, 2013
As Florida’s 2013 legislative session draws near, state lawmakers once again are preparing to examine reforms to the Sunshine State’s property insurance system. Most notable, of course, are proposals to shrink the state-run Citizens Property Insurance Corp. and/or the Florida …
January 8, 2013
New York State’s NYS 2100 Commission, created by Gov. Andrew Cuomo in the wake of Hurricane Sandy to offer recommendations on ways to better prepare for natural disasters, is out with its initial report, including a section on potential changes …