Category: Insurance Regulatory News

The following article was posted to the www.local10.com website on October 9, 2012:  Police bust drivers with fake insurance documents BROWARD COUNTY, Fla. – Deputies and officers from more than 70 law enforcement agencies in Miami-Dade, Broward, and Palm Beach …

The following article was published in the South Florida Sun Sentinel on October 10, 2012: Proposed tax would make insurance even costlier www.sun-sentinel.com   Twenty years ago, Hurricane Andrew hit Florida with wind speeds averaging 145 miles per hour, eventually …

  At its meeting yesterday, October 9, 2012, the Florida Hurricane Catastrophe Fund (“FHCF”) Advisory Council (“Council”) unanimously approved the FHCF’s October 2012 estimated claims-paying capacity at $15.503 billion, approximately $1.5 billion short of the FHCF’s total potential maximum claims-paying …

    To go directly to the section of your choice, click on a hyperlink below.  Other hyperlinks to meeting information, bills and news are noted in bold type. Daily Florida Insurance-Related Events Daily Insurance-Related News Daily Florida Insurance-Related Events …

The following article was published in The Florida Current on October 10, 2012:  Large – but not largest – auto insurers aim to cut no-fault rates By Gray Rohrer www.floridacurrent.com Four out of the five largest automobile insurance companies in …

The following article was published in the New York Times on October 10, 2012: Rate hikes a credit plus for Florida state insurer – Moody’s www.nytimes.com Moody’s Investors Service sees a 10.8 percent rise for homeowner policies and other rate …

  The Florida Office of Insurance Regulation (“OIR”) issued an update today, October 9, 2012, on company filings that include proposed rate indications and selections pursuant to HB 119, the Personal Injury Protection reform bill enacted this year. As a …

  The Citizens Property Insurance Corporation (“Citizens”) Depopulation Committee (“Committee”) met today, October 9, 2012, in Orlando.  The main purpose of the meeting was to review Citizens’ proposed Surplus Notes Program (“Program”) and receive public testimony on it.  Committee Chairman …

  The Depopulation Committee (“Committee”) of Citizens Property Insurance Corporation (“Citizens”) is meeting today, Tuesday, October 9, 2012 in Orlando, Florida.  The Committee is discussing the Surplus Notes Program (“Program”).  In a statement to the Committee members, Citizens President and …

  As part of its meeting agenda this morning, October 9, 2012, the Florida Cabinet approved an Emergency Rule for the Florida Hurricane Catastrophe Fund (“FHCF”) that will provide an optional date change for the FHCF 2012-2013 Contract Year in …