Report: Florida insurers’ ability to respond to next catastrophe ‘uncertain’ (Sun Sentinel)

The ability of Florida’s young homeowner insurance companies to manage a large catastrophic hurricane is “uncertain” despite recent strong financial performance, a new Fitch Ratings analysis asserts. The report released last week, “Florida Homeowners Insurance Market Update: No Time for Complacency Following Hurricane-Free Decade,” says the short history and lack of experience with catastrophes would…

State to appeal court ruling allowing State Farm to keep policy tallies private (Sun Sentinel)

Florida’s new insurance commissioner has decided to appeal a circuit court ruling allowing State Farm Insurance Co. to opt out of submitting policy-count totals to a publicly available database. Commissioner David Altmaier, appointed just two weeks ago to succeed Kevin McCarty as the state’s top insurance regulator, made the decision “following a thorough review” of…

Insurance commissioner saga is a sideshow at industry conference in Tampa (Tampa Bay Times)

Between a Florida Cabinet meeting Tuesday and another special Cabinet meeting Friday, the drama over picking a new state insurance commissioner is shifting momentarily from Tallahassee to Tampa today. Many of the key players in the political saga, including outgoing Insurance Commissioner Kevin McCarty, are in Tampa for the inaugural conference of the Florida Association…