Category: Headlines

Rating agency blasts small Florida insurers

As Florida seeks to revive its private home insurance market after almost a decade without a hurricane, homeowners are pouring $6 billion a year in premiums into a new generation of small, in-state insurance companies with an unproven record of withstanding a major hurricane. A consumer-oriented rating agency, Weiss Ratings,

Editorial: Regulators should ensure ride-share safety

Hillsborough County’s Public Transportation Commission on Wednesday will take another crack at bringing the unlicensed ride-share companies into the legal taxicab business. There is every reason to open up competition, but these companies must first comply with public health and safety standards. The ride-sharing services Uber and Lyft have operated

Crist makes property insurance an election issue

TALLAHASSEE — Democrat Charlie Crist said Thursday he successfully reduced rising property insurance rates as governor and will do so again if elected, vowing to repeal a law enacted under Republican Gov. Rick Scott that he said provides weaker coverage at a higher price. It’s a familiar theme for Crist,

Florida Decides Poll: Voters not quite warm yet for 2016 candidates

When it comes to 2016, Florida’s likely voters are not yet warming-up to the field of possible candidates for president. The exclusive Florida Decides Statewide Poll took the temperature of voters and how they feel about a select set of Republican and Democratic candidates. The favorability ratings were based on

Office Issues Citizens Rate Filing Order

TALLAHASSEE, Fla. – The Florida Office of Insurance Regulation (Office) has established the 2015 rates for Citizens Property Insurance Corporation (Citizens), Florida’s largest property insurer. Overall, the statewide average homeowners rate will fall 3.7% compared to the 3.4% decrease requested by Citizens. The Order sets rates for Citizens Homeowners’, Dwelling

More Citizens policyholders could be dropped into private market

The Florida Office of Insurance Regulation announced Thursday that more than 425,000 customers of the state-backed Citizens Property Insurance Corp. could be shifted in November to 16 private carriers. But don’t count on all of the policies landing in the private market. The targeted accounts, nearly double the number of policies previously

Office Approves Removal of up to 427,584 Policies from Citizens

TALLAHASSEE, Fla. – The Florida Office of Insurance Regulation (Office) has approved the removal of up to 425,357 personal residential policies and 2,227 commercial residential polices from Citizens Property Insurance Corporation (Citizens) by the following 14 companies:   To read entire press release: .pdf | Office of Insurance Regulation

Florida Voters Split on Governor, Support Medical Pot

The race for the governor’s office is dead even and voters now are ready to support Amendment 2 approving medical marijuana use in Florida, a new poll finds. Gravis Marketing, which has found voters hovering at or just below the 60 percent level needed to approve Amendment 2 in past

Obamacare Sign-Ups to Rise 23%?

The number of Floridians enrolled in individual health plans under the Affordable Care Act in June was 866,485, according to new state data compiled from insurers’ reports. The carriers expect enrollment to rise to 1.1 million next year, an increase of 23 percent. The Office of Insurance Regulation is scheduled

Times poll: Rick Scott leads Charlie Crist, 41-36

Republican Gov. Rick Scott has opened up a 5-point lead over Democratic rival Charlie Crist as a newTampa Bay Times/Bay News 9/UF Bob Graham Center poll finds Florida voters mostly optimistic about the state’s economic direction but decidedly sour on their gubernatorial choices. Scott received support from 40.9 percent of