News & Analysis as of

Reinsurance Florida

Carlton Fields

Florida Announces Temporary Reinsurance Arrangement for Insurers in Light of Potential Rating Downgrades

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The Florida Office of Insurance Regulation today announced a plan to develop a temporary reinsurance arrangement through Citizens Property Insurance Corp. in light of recent comments from Demotech Inc. regarding possible...more

Goldberg Segalla

Gov. DeSantis Signs Sweeping Legislation to Alleviate the Pressure from Skyrocketing Insurance Costs in Wake of Hurricane...

Goldberg Segalla on

Key Takeaways - Changes to property insurance and reinsurance signed into law on May 26 create the Reinsurance to Assist Policyholders program (RAP), which is backed by $2 billion and seeks to assist insurance companies...more

Carlton Fields

Florida Department Of Revenue Issues Advisement Determining That A Reinsurer And Its Cedents Did Not Have Nexus In Florida For Tax...

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On January 13, 2017, the Florida Department of Revenue issued a Technical Assistance Advisement regarding whether a reinsurer had nexus with the state of Florida that would require it to file a corporate income tax return and...more

Holland & Knight LLP

Florida Open for Captive Insurance Business

Holland & Knight LLP on

After several decades, Florida is back in the business of licensing captive insurance companies. On Aug. 11, 2016, the Florida Office of Insurance Regulation issued a license to a nonprofit Florida corporation, pursuant to...more

Carlton Fields

District Court Dismisses Breach Of Contract Claim, Allows Breach Of Duty Of Utmost Good Faith Claim In Reinsurance Dispute

Carlton Fields on

The District Court for the Middle District of Florida recently held that defendant First American Title Insurance Company (“First American”) could maintain its breach of the utmost duty of good faith counterclaim against...more

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