Category Archives: Opinions

Here’s what we think about various insurance subjects. Enjoy!

Florida Senate Bill 7132: Peter and Paul

On March 25th, Florida State Senator Joe Negron filed SB 7132 dealing with motor vehicle registration fees and the elimination of a long-standing tax credit provided to insurance companies. The Appropriations Committee is currently scheduled to discuss the bill on March 28th.  Under the bill, revenue lost from a reduction in vehicle registration fees would … Continue reading Florida Senate Bill 7132: Peter and Paul »

Using Employee Contribution Strategies to Minimize Employer Impact of PPACA

As employers start to assess how they will be impacted in 2014 once the coverage requirements of the Patient Protection and Affordable Care Act (PPACA) take effect, many groups are looking for ways to mitigate the impact of the expanded coverage requirements that are mandated under PPACA.  For many employers, the impact can be mitigated … Continue reading Using Employee Contribution Strategies to Minimize Employer Impact of PPACA »

Citizens Property Insurance Corporation’s Clearinghouse Proposal

At its December 14th, 2012, Board Meeting, Citizens Property Insurance Corporation (Citizens) made two strategic decisions on its approach to depopulation.  First, they decided to delay the publicly scrutinized plan to provide Surplus Note loans to several companies willing to take policies out of Citizens.  Citing the need for additional studies of the plan, they … Continue reading Citizens Property Insurance Corporation’s Clearinghouse Proposal »

Title Insurance – Change It or Leave it Alone?

If you’ve purchased a home, chances are you have purchased title insurance…although you may not have known it.  Securing title insurance is a routine part of the home purchase process.  This type of insurance protects you from the possibility that the seller doesn’t have a free and clear title to the house and property, and … Continue reading Title Insurance – Change It or Leave it Alone? »

Is Your Liability Contingent Upon Arbitration Clauses?

Recent court rulings, both for and against arbitration clauses, greatly impact the liability of a risk.  Some examples:  On an Alabama case, the Eleventh Circuit Court recently upheld that “an executor suing a nursing home for wrongful death is bound by an arbitration agreement that binds the decedent.”  The Illinois Supreme Court upheld the appellate court’s determination that … Continue reading Is Your Liability Contingent Upon Arbitration Clauses? »

Should Florida Citizens Issue Surplus Note Loans?

The board of Citizens Property Insurance Corporation, Florida’s insurer of last resort, voted in early September to award $350 million of its $6 billion surplus in low-interest surplus note loans to private insurance companies as an incentive to take some 300,000 policies from Citizens’ current book of 1.5 million policies.   Under the Citizens’ loan program, … Continue reading Should Florida Citizens Issue Surplus Note Loans? »