Commissioner McCarty Responds to Rep. Bill Proctor's Letter
Commissioner McCarty clarifies issues
raised by Rep. Proctor about HB 1171
Florida Office of Insurance Regulation’s Chief Economist Testifies before U.S. House of
Representatives Subcommittee
Written testimony regarding "The Homeowner's Insurance Crisis: Solutions for Homeowners, Communities,
and Taxpayers"
The Florida Property Insurance Market: An overview by Insurance Commissioner Kevin McCarty
Errors in fact and rhetorical assertions, unsubstantiated by objective empirical findings, are not only
misleading to the public, they reflect a severe lack of understanding of both fundamental economics
and the basics of insurance.
Flood Damage is not Covered by Homeowners’ Policies
Many Floridians
are unaware that flood damage is not covered by their homeowners'
policies. Information about the National Flood Insurance Program and
how to obtain coverage can be found at the Federal Emergency
Management Agency's Web site.
The Office and State Farm Agree to Attempt Resolution of Withdrawal Issues Outside of Court
Chronology of events, related documents, statistics and other
significant information pertaining to State Farm's July 16, 2008 rate increase request
Efforts to Prohibit Discriminatory Rating Practices
History, hearings and other material on
the Office's efforts to curb insurer's use of credit scoring,
occupation and education in making rating determinations