Mutual insurers included in property insurance bill that Senate will debate today

in Uncategorized by

A provision coined the mutual insurer incentive program is included in the large property insurance bill, SB 1770, that is slated for debate on the Senate floor today.  The proposal, if approved by lawmakers, would allow mutual insurance companies to participate in a surplus note program to aid in the depopulation efforts of Citizens.  Supporters of the proposal say it is a consumer-friendly, private sector solution  that would give some current Citizens policyholders an opportunity to leave the state-run insurer and get coverage from a trusted mutual insurer, while also reducing the overall risk of assessments for all Floridians. 

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.