Never a Dull Moment for Florida Commissioner
Florida Insurance Commissioner Kevin McCarty stays busy with a list of insurance related measures enacted during a special session of the Florida Legislature in January 2007. Keeping property insurers in the market and diffusing the large number of policies that state-backed Citizens Property Insurance Corp. wrote over the past four years have been major challenges for McCarty. He says 28 new insurance companies have entered Florida’s property insurance market since the devastating 2004 and 2005 hurricane seasons and recently enacted ruling allows foreign re-insurers to come into the Florida market without putting up 100 percent collateral.
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