Tag Archives: Citizens Property Insurance Corporation Mission Task Force

“At War With The Weather” is a Must Read for Those Involved in the Debate of the Florida Property Insurance Market

My appointment by Florida’s Governor Charlie Crist to the Citizens Mission Review Task Force afforded me the opportunity to learn about and have a small voice in the Florida insurance marketplace. At War With the Weather: Managing Large-Scale Risks in a New Era of Catastrophes is a significant academic work which our regulators and legislators … Continue Reading

Associated Industries and Private Insurers Want Florida Policyholders to Pay as Much as Possible for Property Insurance

Florida Senator Mike Fasano, a public servant ever vigilant about consumers of regulated industries getting ripped by the amounts they have to pay for mandated services and products, forwarded a recent news article, “Group Backs Florida Property Insurance Rate Hike.” When the Florida legislators and Governor were concerned about the severe escalation of property insurance premiums … Continue Reading

Florida Public Adjusters File Lawsuit to Overturn 48 Hour Solicitation Ban and Fee Caps

A lawsuit was filed by three public adjusting firms seeking to enjoin the State of Florida from enforcing the 48 hour solicitation ban and the fee caps public adjusters may charge to policyholders. The mastermind behind the lawsuit is lawyer turned public adjuster, Pat Catania of East Coast Public Adjusters. The lawsuit is not a surprise. … Continue Reading

Florida Consumer Action Network Urges Veto of Unregulated Rate Hikes

The Florida Consumer Action Network (FCAN) has urged Florida Governor Charlie Crist to veto recently passed legislation that would allow insurers to raise rates without approval by the Office of Insurance Regulation. FCAN is probably Florida’s largest consumer action group. The Bradenton Herald quoted foes of the legislation who refer to the bill as "the … Continue Reading

Hurricane Models Not Performing

Karen Clark and Company has recently published findings indicating that the insurance industry’s revised hurricane damage models have not performed well over the past three years. Their conclusion is: "Three years into the application of near term hurricane models, the model predictions have not performed well. While all three major catastrophe modeling companies predicted significantly elevated hurricane … Continue Reading

The Ongoing Work Of The Citizens Task Force

The Governor, Charlie Crist, who appointed me to the Citizens Mission Review Task Force has gotten married to a beautiful woman. While I am certain he was planning their honeymoon this past week, I was pouring over insurance rate data, market share analysis, and a reinsurance presentation regarding Citizens Property Insurance Corporation. I bet his work was a … Continue Reading