Category: Florida Legislative News
Jun 5, 2009
Florida Representative Bill Proctor, sponsor of the controversial House Bill 1171, has written a letter to Florida Insurance Commissioner Kevin McCarty in response to Commissioner McCarty’s suggestions about the strength of the insurance market. HB 1171, which would allow some …
Jun 4, 2009
To view a complete story, click on a headline below: Governor Crist Signs Legislation to Ensure Fairness in Tax Assessments Added protection for Florida homeowners and owners of business, rental or second-home properties Governor Charlie Crist today signed legislation …
Jun 4, 2009
A proposed Model Act relating to auto body damage claims and aftermarket parts and repair, along with proposed airbag fraud legislation will be among the issues scheduled to be discussed at the National Conference of Insurance Legislators (“NCOIL”) Summer Meeting …
Jun 4, 2009
The Term Asset-Backed Securities Loan Facility (TALF) is a funding facility through which the Federal Reserve Bank of New York (“FRBNY”) extends three-year, non-recourse loans to private investors. The loans are collateralized by certain types of consumer- and small …
Jun 3, 2009
Florida Governor Charlie Crist was presented with two insurance-related bills today, June 3, along with 12 other bills. Senate Bill 742 relating to Sinkhole Losses would require the Florida Financial Services Commission to adopt a building code effectiveness grading schedule …
Jun 3, 2009
Joe Petrelli, President of Demotech, Inc., gave an overview of the company and its rating analysis method during a recent Florida Insurance Council (“FIC”) meeting. The following is a brief summary of Mr. Petrelli’s comments: Demotech was incorporated in 1985 …
Jun 2, 2009
Legislation exempting a certain type of self-insurance fund from Florida regulatory oversight, along with a bill that uses insurer data to assist a federal program identifying noncustodial parents who owe past-due child support were among nine bills signed into …
Jun 2, 2009
To view a complete story, click on a headline below: Florida EDR Adds Summer Education Conferences To Schedule The Office of Economic & Demographic Research has revised the Summer 2009 Master Estimating Conference Schedule to include two Education Estimating …
Jun 2, 2009
While acknowledging the importance of individual condominium unit owner property insurance coverage requirements contained in Senate Bill 714, Florida Governor Charlie Crist nevertheless vetoed the measure on June 1, 2009 because of his “great concern” over a provision in SB …
Jun 2, 2009
On Monday, June 1, 2009, Florida Governor Charlie Crist vetoed SB 714 relating to condominiums, which would have repealed certain requirements placed on condominium unit owners, including the mandate to maintain property insurance coverage, and a requirement that a condominium …