Florida Insurance Council
An extra charge on property-insurance and auto-insurance policies to cover claims paid for the 2004 and 2005 hurricane seasons will end Jan. 1.
Collected to help pay claims from the 2004 and 2005 hurricane seasons, an extra charge on homeowners- and auto-insurance policies will be removed 18 months earlier than previously expected.
Citizens Property Insurance enters the 2014 hurricane season believing its finances are on solid ground.
Florida is responsible for about third of the policies written under the National Flood Insurance Program. This session, state lawmakers are moving bills forward that they hope will entice private insurance companies to sell flood policies in the state.
The Legislature appears to be on a path to make it harder for non-homesteaded homes, often owned by people living out-of-state, to be added to or remain under the umbrella of the state-backed Citizens Property Insurance Corp.
Gov. Rick Scott said Friday that he would support making personal injury protection auto insurance coverage, or PIP, optional.