Posts by Christian Cámara:

News Release

Gov. Scott receives bill to end subsidies to mansions, new coastal development Comments Off

TALLAHASSEE, Fla. (May 2, 2013) – The R Street Institute today commended the Florida Legislature for approving significant reforms to the state-run Citizens Property Insurance Corp., including provisions that will end insurance subsidies for new construction in environmentally sensitive coastal regions. The state Senate concurred today by a 32-1 margin to an amended version of [...]

News Release

Florida Cat Fund reform passes second state House committee Comments Off

TALLAHASSEE, Fla. (April 10, 2013) – The R Street Institute commended today’s bipartisan passage by the state House Government Appropriations Subcommittee of H.B. 1107, calling for reforms to the Florida Hurricane Catastrophe Fund. The bill, which already passed the House Insurance & Banking Subcommittee with overwhelming support, would reduce the Cat Fund’s obligations from $17 billion [...]

News Release

R Street welcomes bill to scale back Florida Hurricane Catastrophe Fund Comments Off

TALLAHASSEE, Fla. (March 28, 2013) –- The R Street Institute today welcomed approval by the Florida House Insurance & Banking Subcommittee of H.B. 1107, legislation that will reduce the Florida Hurricane Catastrophe Fund’s obligations from $17 billion to $14 billion over a three-year period, beginning in 2014. The measure addresses the state-run reinsurer’s precarious financial [...]

FIGA reforms should increase flexibility, not eliminate it

Blog Post

FIGA reforms should increase flexibility, not eliminate it 0

When it comes to property insurance reform in Florida, everyone is basically focused on proposals that deal with the Florida Hurricane Catastrophe Fund, Citizens Property Insurance Corp. and the (over) regulation of private insurance carriers in the state.  Some bills dealing with these issues are crawling through the process, but it is still too early [...]

With rates expected to drop, Cat Fund reform a no-brainer

Blog Post

With rates expected to drop, Cat Fund reform a no-brainer 0

For four out of the last seven years, the Florida Hurricane Catastrophe Fund has been projected to have a shortfall should a major hurricane impact the state and cause the fund to pay out to its coverage limits.  This is one of those years. Currently, the Cat Fund is projected to experience a shortfall of [...]

News Release

Fla. Consumer Advocate confirms Cat Fund reform won’t cost homeowners Comments Off

TALLAHASSEE, Fla. (March 13, 2013) — Analysis by actuaries from the Florida Office of the Insurance Consumer Advocate confirms that proposed reforms to right-size the Florida Hurricane Catastrophe Fund would not raise rates for the state’s homeowners, the R Street Institute noted today. According to the estimates, given that increased competition in the reinsurance and [...]

AIF map confirms Citizens not the leading writer in most Florida districts

Blog Post

AIF map confirms Citizens not the leading writer in most Florida districts 0

The debate over how to reform Florida’s Citizens Property Insurance Corp. has been a years-long and arduous political battle. Despite its original mission to act as Florida’s insurer-of-last-resort, Citizens became former Gov. Charlie Crist’s instrument of populist politics du jour, and consequently grew to be the state’s largest insurer due to its artificially suppressed rates.  [...]

News Release

Statement by StrongerSafer Florida regarding Senate Banking & Insurance Committee voting in favor of S.B. 7018 Comments Off

TALLAHASSEE, Fla. (March 7, 2013)  – Today representatives from StrongerSafer Florida expressed their enthusiasm after the state Senate Banking & Insurance Committee voted in favor of S.B. 7018. Christian R. Cámara, Florida director, R Street Institute: “Although still a work-in-progress, today’s unanimous passage of the Citizens Property Insurance reform package out of its first Senate [...]

News Release

House panel includes coastal preservation in Fla. Citizens reform Comments Off

TALLAHASSEE, Fla. (March 6, 2013) – The R Street Institute today commended the Florida House Insurance & Banking Subcommittee for approving legislation that would significantly scale back the state-run Citizens Property Insurance Corp. Sponsored by state Rep. John Wood, R-Winter Haven, H.B. 835 includes strong language that would, starting in July 2014, bar Citizens from [...]

Ghost of Charlie Crist haunts insurance reform

Blog Post

Ghost of Charlie Crist haunts insurance reform 0

It has been more than two years since the adults regained control of Florida, yet the specter of the Charlie Crist days of demagoguery, populism-at-any-cost and overall political buffoonery looms heavy over the state Capitol. The idea that Charlie Crist wants to make a political comeback and pursue the office he once held and neglected [...]