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Citizens Property Insurance Corp. - page 4

Only 2 applicants clear Insurance Commissioner pre-screening

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Only two of the 25 applicants aiming to replace outgoing Insurance Commissioner Kevin McCarty answered ‘yes’ to the state’s two pre-screening qualifying questions as of Monday. Kirk Schmidt, of Jefferson City, Missouri, is president and CFO of an insurance company after having been Chief Financial Examiner for the Missouri Department of Insurance, he said in his application. And Jeffrey Bragg, of Palm Harbor, retired from the U.S. Department of Treasury in 2014 after serving as head of its Terrorism Risk Insurance Program. He also…

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Report: Governor’s Office eyeing Bill Hager, Tom Grady for insurance commissioner

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Outgoing Florida Insurance Commissioner Kevin McCarty may have just turned in his resignation, but Gov. Rick Scott already is leaning toward his replacement: Tom Grady, former interim president of Citizens Property Insurance Corp. Sources inside the Governor’s Office told FloridaPolitics.com that Grady, a friend of Scott’s and a fellow resident of Naples, is at the top of the list. He was a one-term member of the Florida House of Representatives in 2008-10 before a stint as  Commissioner of Financial Regulation, the…

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State insurance regulators approve coastal property rate hikes

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The Office of Insurance Regulation approved new Citizens Property Insurance Corp. rates Tuesday that will increase costs for about 40 percent of policyholders when they take effect in February 2016. Under the approved rates the average premium for miltiperil policies will rise to $2,381 a year, up from the $2,339 average rate this year. The $42 increase is about 1.8 percent higher than the current average rate for a comprehensive policy. “Today’s decision by the Office of Insurance Regulation reflects Citizens’ success in reducing exposure…

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Despite storm-free seasons, Florida insurance still pricey

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Living in a (semi)-tropical paradise has a price – and apparently, not even going nine years without a major hurricane strike will change that. While Florida’s property insurance market has stabilized somewhat since eight storms battered the state in 2004 and 2005, as storms such as Hurricane Wilma caused billions in damages, the state still has some of the nation’s highest homeowners insurance rates. A recent national report showed that Florida’s average homeowner premium of more than $2,000 a year…

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Huff Post: Charlie Crist: Bad News for the GOP?

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Is Charlie Crist the face of a new Republican Party, or a harbinger of the GOP’s demise? He’s handsome, personable and popular: a dream candidate for Florida’s 2010 Senate race. And Charlie Crist, currently the Sunshine State’s Republican governor, will probably win. That makes him a good thing for the Republican Party, right? Yes and no. The GOP is desperate for another vote — or 10 — in the Senate, so Crist’s bid sounds like good news to the ears…

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