Washington– The U.S. Treasury Department announced details this week of a $1.5 billion investment in 39 banks made through its Capital Purchase Program. Treasury created the Capital Purchase Program, a part of the...
An opportunity to file a bill specifically relating to public adjusters and/or payment to insureds was presented to the FPCA yesterday. Details of the proposed legislation are still being discussed with the interested...
To view a complete story, click on a headline below: State Board of Education will examine funding crisis Without intending to, South Florida school superintendents invoked the help of the state Board of...
On January 22, 2009, State Senator Mike Fasano (R-New Port Richey) filed Senate Bill 862, which would extend the Citizens Property Insurance Corporation (“Citizens”) rate freeze currently in place for one year...
Tue Jan 13, 2009 Reuters By Kevin Drawbaugh – Analysis WASHINGTON (Reuters) – Congressional Democrats and the incoming Obama administration are uniting around strategies for saving the U.S. financial system, but a...
Pursuant to legislation effective as of January 1, 2009, the Louisiana Department of Insurance (“Department”) has been working to re-designate Title 22, the section of law pertaining to insurance in the State of...
During the last few months, the FPCA has been working with various insurance groups to develop interest in a bill addressing bad faith issues. In the last week, several insurance groups have expressed interest in...
Barack Obama became the 44th president of the United States today. Click here to read the text of his Inaugural Address To view a complete story, click on a headline below: Where Obama stands...
On January 19, 2009, State Representative Kevin Rader (D- Boynton Beach) filed House Bill 437 relating to the Florida Hurricane Catastrophe Fund (“FHCF”). This bill creates the Division of Florida Hurricane...
Florida Chief Financial Officer (“CFO”) Alex Sink announced today that she will not seek election to the U.S. Senate seat to be vacated by Senator Mel Martinez in 2010. Meanwhile, the South Florida Sun Sentinel...