Rehabilitation of Florida Insurer Windhaven Deemed ‘Useless’; Judge Orders Liquidation January 7, 2020 By Amy O'Connor Plans to rehabilitate Florida auto insurer Windhaven Insurance Co. have been deemed “useless” and the company will instead be liquidated....
Citizens to Evaluate Policyholder Count as Florida Market Conditions Tighten December 20, 2019 By Amy O'Connor Florida’s insurer of last resort Citizens Property Insurance Corporation will make shrinking its policyholder count a priority next year, despite...
Florida Auto Insurer Windhaven Placed Into Rehabilitation December 17, 2019 By Amy O'Connor The future of another Florida domestic insurer is now in the hands of state regulators. Non-standard private passenger auto insurer...
New AAIS Florida Homeowners By-Peril Program Approved by State Regulator April 26, 2019 AAIS (the American Association of Insurance Services) has received approval for its new Florida Homeowners By-Peril Insurance Program from the...
Florida’s Ex- Commissioner McCarty Says Banks ‘Need Skin In’ Mitigation Game May 8, 2018 By Amy O'Connor Policymakers need to find a way to get banks involved in property mitigation if Florida is to improve its hurricane...
Assignment of Benefits Abuse Tops Florida News for 2017 December 29, 2017 By Amy O'Connor Florida’s ongoing battle with assignment of benefits (AOB) claims abuse was not a new topic in 2017, but it was...
Florida Insurance Regulator Launches New Information Subscription Service October 19, 2017 The Office of Insurance Regulation (OIR) has introduced a new subscription service where consumers and other interested parties can sign...
Florida’s Tower Hill Prime Gets Revised Outlooks to Negative From A.M. Best October 4, 2017 A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and...
Demotech Suspends Florida Insurer Rating Criteria; Says Downgrades Coming February 7, 2017 By Amy O'Connor Recent Florida Supreme Court decisions and ongoing abuse in Florida’s insurance market have led a ratings company to change the...
Commentary: It is a Catastrophe that No One Listens to the Experts on Florida September 1, 2016 By Joseph L. Petrelli “If you don’t read the newspaper, you are uninformed. If you do read the newspaper, you are misinformed.” Although the...