In the News Florida Flunks R.J. Lehmann Report Card as Worst Insurance Regulatory Environment in the Nation
From CFT Law:
Florida is home to the largest residual homeowners insurer in the country, Citizens Property Insurance Corp., as well as a state-run reinsurer, the Florida Hurricane Catastrophe Fund. Because Citizens’ rates effectively act as a cap on what private insurers can charge, it has the most restrictive rate-making environment in the country. It also has a highly politicized insurance environment, an elected chief financial officer and restrictions on the use of territory in underwriting.
