Florida Regulator McCarty Offers Reform Map to Smaller Citizens Property Insurance

January 25, 2013Email ThisPrintNewslettersTweetArticle4 Comments

Florida’s insurance commissioner has proposed a set of reforms designed to return the state-back property insurer to being a residual market, while at the same time offering the private insurance market incentives to take on more property risks.

Insurance Commissioner Kevin McCarty unveiled his proposals as lawmakers, regulators, business groups and other stakeholders begin a process that they hope will shrink the size of Citizens Property Insurance Corp. with its 1.3 million customers.

At a recent Florida Senate and Banking Insurance Committee meeting, Chair David Simmons, R-Altamonte Springs, said he believes it is time to seriously change the dynamics in the market while at the same time acknowledging that the path ahead will not be easy.

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N.J. Regulator Offers Advice for Avoiding Auto Insurance Fraud

April 12, 2012Email ThisPrintNewslettersTweetArticleComments

Consumers often face important decisions on insurance, medical treatment and auto repair in the aftermath of an auto accident.

But unfortunately, they can end up paying unnecessary expenses or even become victims of fraud if they make a hasty or unwise decision, New Jersey’s top insurance regulator cautioned.


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