Content from William Rabb
Fannie and Freddie Hit Pause on Replacement-Value Rules for Home Insurance
Property insurance groups on Wednesday applauded a decision by Fannie Mae and Freddie Mac to hold off on an apparent plan to scrutinize mortgages on homes that don't carry full replacement-value ...
Fannie Mae Guidelines Raise Concerns, Could Bar ACV Coverage for Homes
An updated guideline from Fannie Mae, if it stands, could throw a wrench into the property/casualty insurance industry's move toward actual cash value for more homeowners and condo coverage. A Fannie ...
A New Approach: Florida Agents Association Invests in Startup Insurer
The Florida Association of Insurance Agents, the largest agent group in the state, has invested in a startup insurance carrier, a move designed to help keep agents in the game and to bring more ...
CEO of Florida’s Citizens Pushes Back on Lawmaker’s Solvency Questions
The CEO of Citizens Property Insurance Corp. has denied that corporation representatives have been unresponsive to Congressional requests for financial information, in the wake of unsettling comments ...
Florida Insurance Legislation Update: Bills That Passed; Bills That Didn’t Pass
A number of property insurance-related bills were introduced in the Florida legislature this year—from a fundamental change to the Citizens Property Insurance Corp. coverage model to further ...
House Bill Aims to Close Coverage Hole for Florida Condos With Citizens Insurance
When a Florida Senate committee last week approved a bill that would raise the policy limit on homes that can be written by the state-backed Citizens Property Insurance Corp., state Sen. Doug Broxson ...
How Loggerhead Moved to Snap Up 110,000+ Progressive Policies in Florida
In early 2021, former executives with the Auto Club Insurance Co. of Florida, affiliated with AAA, decided to form a new property insurance company in Florida — even before state lawmakers made ...
Florida Commish, NAMIC Push Back on Federal Climate Change Data Call
Florida's insurance commissioner and the National Association of Mutual Insurance Companies are pushing back against a plan by the U.S. Treasury to collect data from insurers on risks from climate ...