Category: Insurance Regulatory News

National Underwriter Magazine May 31, 2010 By MARK E. RUQUET Palm Desert, Calif.   Officials with the American Association of Managing General Agents expressed confidence that few, if any changes would be made in the surplus lines elements of financial …

To view a complete story, click on a headline below:   Citizens says losses rose 34 percent over previous year Citizens Property Insurance Corp. reported that losses rose 34 percent over a year ago, due largely to sinkhole claims from both …

Florida Governor Charlie Crist signed the State’s $70-billion 2010-11 budget today, May 28, 2010.  The news release below from the Office of the Governor provides additional details on the budget components.   Should you have any questions or comments, please contact Tracy …

Following is a listing of insurance-related Florida regulatory events for the week of May 31 – June 4, 2010: Note:  All times are Eastern Time.  Additional information is available via hyperlink were noted in bold type.    FLORIDA INSURANCE REGULATORY EVENTS      …

  HB 7109 relating to Florida’s Qualified Target Industry (“QTI”) Program was among 26 bills that were passed during the 2010 Florida Legislative Session and signed today, May 27, 2010, by Governor Charlie Crist (to view complete bill information, click …

  To view a complete story, click on a headline below:   Miami judge certifies nation’s first drywall class action Miami-Dade County Circuit Judge Joseph Farina has certified the nation’s first Chinese drywall class action lawsuit.   Trial lawyers urge …

THE NEWS SERVICE OF FLORIDA published the following article on May 27, 2010: The state’s public employees’ union Wednesday dropped its opposition to legislation aimed at cutting workers’ compensation costs for businesses by revamping prescription drug standards. The switch came …

The Miami Herald published the following article on May 27, 2010: Florida insurance regulators disputed accusations that they pose a worse threat than hurricanes to the property insurance industry. BY NIRVI SHAH nshah@MiamiHerald.com Hurricanes aren’t the real threat to the …

Florida State Representative William D. Snyder’s Office issued the following news release on May 27, 2010: TALLAHASSEE – Governor Charlie Crist signed into law House Bill (HB) 7069 by Representative William Snyder (R‐Stuart). The bi‐partisan legislation will close loopholes in …

Free statewide technology training and certification will be available as the result of a partnership between Microsoft and the State of Florida that began on May 25, 2010.   Workforce Florida Inc. will distribute 40,000 training and certification vouchers on a first-come, first-served basis through …