Category: Insurance Regulatory News

Palm Beach Daily News–April 13, 2008 By GAIL LIBERMAN, Special to the Daily News Windstorm insurance rates may be lower than you think, thanks to added insurance company competition in Florida. So don’t assume that Citizens Property Insurance is the …

South Florida Sun-Sentinel–April 13, 2008 By Becky YerakChicago Tribune At a recent insurance conference, Allstate Corp.’s investor relations chief was giving a rundown of how many states sell certain products. Your Choice Home is in 15 states, and Your Choice …

National Underwriter BY MATT BRADY Allstate’s reluctant release of some 150,000 pages of documentation—including a consultant’s controversial recommendations on claims-handling long sought by insurance departments, courts and consumer advocates—does not satisfy Florida regulators, with the company still fighting to keep …

The Tampa Tribune–April 12, 2008 Charlie Crist ran for governor promising his election would bring lower property insurance rates. He kept his word, but barely, and only after lawmakers passed complicated legislation that has put Florida’s taxpayers at risk should …

Average drop is 9 percent; refunds also to be paid By Kathy Bushouse South Florida Sun-Sentinel State Farm bowed to pressure from Florida officials by agreeing Tuesday to cut customers’ home insurance prices. The agreement also says State Farm can’t …

Citizens Property Insurance Corporation (“Citizens”) held an Actuarial and Underwriting Committee (“Committee”) meeting on Thursday, April 10, 2008. The discussion included a proposed 30-day waiting period for personal residential policy applications, rating algorithms, and updates on Citizens’ Consumer Services Department. …

The Florida State Board of Administration is soliciting competitive responses from reinsurance intermediaries capable of designing and placing reinsurance products and other financing arrangements that enhance the Florida Hurricane Catastrophe Fund’s (“FHCF”) loss reimbursement process.  The selected respodent will participate as part of …

  To view a complete story, click on a headline below:   State Farm to cut Florida home insurance rates by 9 percent, pay rebates State Farm bowed to pressure from Florida officials by agreeing Tuesday to cut customers’ home …

The Florida Surplus Lines Service Office ("FSLSO") will the following meetings on Monday, April 14 at the FSLSO Headquarters, 1441 Maclay Commerce Drive, Suite 200, Tallahassee, Florida: Audit Committee–110:00 a.m. Board of Governors–1:00 p.m. No agendas for the above meetings …

The House Policy and Budget Council will hold a meeting on Monday, April 14, 2008 from 3:15 p.m.-6:00 p.m. in Room 212 of the Knott Building, The Capitol, Tallahassee, Florida. Insurance-Related bills scheduled to be discussed include: HB 0111: Relating …