Senator Garrett Richter speaking on the Legislative Panel during the Florida Chamber's 6th Annual Insurance Summit in Orlando.
Senator Garrett Richter speaking on the Legislative Panel during the Florida Chamber's 6th Annual Insurance Summit in Orlando.

Insurance Reform and Competition

Creating a competitive and stable insurance market will lower costs for Florida’s policy holders. We must continue initiatives like reducing the size and exposure of Citizens Insurance, reforming Florida’s Catastrophe Fund, spreading risks, reducing fraudulent claims and allowing for creative solutions for the issues homeowners and businesses face. Reforming Florida’s broken property insurance system will help reduce taxpayer risk in the event of a catastrophic storm and further improve Florida’s business climate.

 

TIMELINE

The latest updates on insurance in Florida

Button_UpdateHurricane_108-75Property Insurance Rates Likely to Rise
Two of Florida’s largest property insurers are seeking rate increases to help offset the ever-increasing cost of fraud and abuse associated with Assignment of Benefits (AOB).
Button_UpdateConsumer-Protection-Coalition_108x75Failure to Enact Meaningful AOB Reforms Hurts Florida’s Consumers
Florida’s property insurance policyholders face paying higher rates due to the Legislature’s failure this legislative session to pass meaningful reforms to rein in fraud and abuse involving Assignment of Benefits (AOB).
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Button_NEWS-RELEASEAOB_NR_Petitions_108x75Consumer Advocates, Roofing Contractors Call on Lawmakers to End AOB Abuse
Nearly 1,000 consumers sign petitions calling for reforms.
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Button_VIDEOVideo_AOBPetitionsWATCH 1,00o Signed Petitions to Stop AOB Abuse Delivered
Consumer advocates and roofing contractors today joined with the Florida Chamber and its Consumer Protection Coalition to deliver petitions to lawmakers.
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Button_UpdateWater_108x75Property Insurance Rates Could Soar Due to Water Damage AOB
The frequency of water-damage claims in Florida — such as from a busted pipe — has climbed 46 percent and costs rose 28 percent since 2010.
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 Button_ReportCitizensPropertyInsuranceCorpReport_108x75DOWNLOAD Citizens Property Insurance Corporation Report
The report shows further increases in property insurance fraud and abuse, and warns of possible property insurance premium increases if steps aren’t taken quickly.
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 Button_ActNowConsumer-Protection-Coalition_108x75SIGN THE PETITION
The Florida Chamber, along with our Consumer Protection Coalition, is urging state lawmakers to head the warning of the Citizens report and pass meaningful reforms that end AOB fraud and abuse.
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Button_VIDEOEmail_Thumb_CaldwellWATCH The Florida Chamber’s Bottom Line
Rep. Caldwell discusses the need for assignment of benefits reform, commonly known as AOB.
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Button_NEWS-RELEASECitizens_108x75READ Citizens Property Insurance Corporation’s News Release
Florida Again Dodges Storms as 2015 Hurricane Season Comes to Close
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Button_OnePager1Pager_Insurance_2015_108x75DOWNLOAD a Property Insurance Reform One Pager
Creating Competitive and Stable Insurance Markets
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Button_VIDEOVideo_IsFLPreparedforNextBigStorm_108WATCH Our Florida Wins Video
Is Florida Prepared for the Next Big Storm?
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Button_ReportFYRI-Restoring-Balance-in-Insurance-Litigation_108READ the Florida Justice Reform’s Report
Restoring Balance in Insurance Litigation
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 Button_NEWS-RELEASEHurricane_108-75READ Our News Release
Insurance Litigation, Assignment of Benefits Reform a Key Focus of Florida Chamber of Commerce’s Insurance Summit
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Button_VIDEO Email_Thumb_McCarty_108x75WATCH The Florida Chamber’s Bottom Line
Insurance Commissioner Kevin McCarty Talks Property Insurance Reforms and Cost Drivers
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Button_EVENTLogo_InsuranceSummit2015 Insurance Summit
Date: October 26 – 28, 2015

 

Related Resources
Insurance Reform and Competition Archives

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