#InsuranceReform

citizenportal.ai

District says self-insured retention program has reduced premiums and could yield more than $4 million in savings

Risk-management staff outlined the district's self-insured retention (SIR) program, explaining the district covers initial claim costs up to $250,000, reinvested savings into staffing and claims management, and is pursuing a move to an alternative pool that officials said could save "over four million dollars."

citizenportal.ai

Board adopts resolutions to align benefits with NIMSIA after House Bill 47

The board approved resolutions to comply with changes tied to House Bill 47 and to adopt NIMSIA-provided dental, vision and additional term-life options effective Jan. 1; Heather said the district will cover 80% of dental and vision costs.

puretech.news

Insurers After $6.3 Billion Crypto Heist: D’oh!

Crypto insurers will likely tighten wording and security reviews and may add exclusions after the Binance hack, Reuters reported.

citizenportal.ai

What Zurich v. Burlington Northern could mean for insurers and long-tail claims

The case asks whether insurer defense duties end after certain settlements and how to count occurrences; the court's decision may change defense costs and reserve practices for insurers facing decades-long exposure claims.

citizenportal.ai

Servicing carrier: long‑term care facilities driving availability plan losses

CAMCO told the committee that adult care/long‑term care facilities account for a disproportionate share of availability plan claims and are key drivers of plan losses; plan participants rose to 437 and long‑term care premium loads have increased markedly.

citizenportal.ai

Insurer: long-term care claims are driving availability plan losses and plan membership has grown

CAMCO and others told the committee that long-term care facilities have a disproportionate share of claims losses, moving many facilities into the availability plan. Speakers said those trends have raised premium and reserve pressures across layers.

citizenportal.ai

Governor says insurance market rebates and competition will lower premiums

The governor pointed to recent auto insurance rebates and predicted further declines in Citizens insurance rates, saying consumer choice and competition are already driving relief for Floridians.

citizenportal.ai

Commissioners briefed on 20% risk-pool rate increase, legal and legislative responses under consideration

Commissioners heard that the county's insurance pool is proposing a 20% premium increase to meet solvency needs; officials discussed a recent large $35 million settlement, possible rate scenarios and a coordinated push for tort reform and state-level action including lawsuits and lobbying.

citizenportal.ai

Harrison County tables proposed Acadian Ambulance rate increase after supervisors ask for comparative data

A proposed 33% increase to Acadian Ambulance's customary rates was discussed; a company presenter cited state statute '83 9 dash 3 73' and said litigation is possible; supervisors voted to table the rate approval and asked for comparative rates and contract information.

citizenportal.ai

Trial lawyer says insurer-led subrogation helps preserve evidence and deter future utility fires

Mark Groedefeld told the Assembly that subrogation investigations preserve forensic evidence, relieve victims of litigation burdens and incentivize utilities to reduce wildfire risk — a claim lawmakers pressed witnesses to back with data.

citizenportal.ai

Milliman actuarial analysis: eliminating subrogation could raise statewide homeowners premiums ~10–11% on average

Milliman actuary Nancy Watkins told Assembly panels that removing insurer subrogation against utilities would likely raise average statewide homeowners premiums roughly 10–11% in a mid-range scenario, with much larger increases concentrated in high-wildfire-exposure policies.

citizenportal.ai

Hosts warn homeowners as HB48 WUI fees approach, citing insurance and map changes

Podcast hosts raised concerns about HB48's wildland-urban interface (WUI) regime, saying state maps and an inspection-linked fee structure have led insurers to raise rates and that homeowner fees were delayed until Jan. 1, 2027.