Insurance Commissioner McCarty’s Statement on SB 542 (Tallahassee, FL – Insurance News and Markets) - Florida Insurance Commissioners Kevin McCarty issued a statement on May 1 regarding the Florida Legislature’s passage of the Senate Bill 542 to allow citizens to have a choice of insurers when it comes to the flood insurance that can be so important in the region. “The Florida Legislature’s action today in passing SB 542 promoting choice in the flood insurance market will be good for Florida consumers. We thank the Legislature and Senator Brandes and Representative Hooper for sponsoring this measure,” McCarty said in his statement. Hurricane season officially begins June 1, and McCarty reminds property owners to consider their flood risk and review their flood insurance coverage needs with their insurance agent. McCarty went on to say that the Office of Insurance Regulation is looking forward to working with Florida insurers and well-capitalized reinsurers who are interested in providing a private sector alternative to the National Flood Insurance Program. Source: Florida Office of Insurance Regulation.
Posted on: Thu, 29 May 2014 14:41:31 +0000
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