The Florida Senate General Government Appropriations Committee  and Senate Banking & Insurance Committee prepared an excellent overview of hurricane insurance in Florida, including the status of the Cat Fund, Citizens Property Insurance Corporation and private carriers and outlines of recent property insurance legislation. It is part of the staff analysis of CS.CS/SBs 2860 & 1196, the big Senate insurance package sponsored by President-designate Jeff Atwater, R-Palm Beach.

The overview, "Present Situation," begins on page 4 of the bill staff analysis and is available from the link below:

Florida Hurricane Insurance Overview - April 3, 2008

Sections of the overview include:

  • 2004 and 2005 Hurricane Seasons
  • Property Insurance Legislation in 2006
  • Property Insurance Legislation in 2007
  • Select Senate Committee in 2008: Status of Presumed Factor Filings
  • State of the Property Insurance Market
  • Enforcement of the Insurance Code
  • Mandatory Insurer Suspension
  • Discretionary Insurer Suspension
  • Administrative Fines
  • Unfair Insurance Trade Practices Act
  • Immediate Final Order
  • Federal and State Antitrust Laws
  • Claims Handling Requirements
  • Rate Filing Standards and Procedures
  • Rate Certification
  • Florida Commission on Hurricane Loss Projection Methodology
  • Citizens Property Insurance Corporation
  • Uniform Home Grading System
  • Wind Mitigation Premium Credits
  • Insurance Capital Build-UP Incentive Program
  • Florida Building Code and Wind-borne Debris Regions