Category: Insurance Regulatory News
May 7, 2009
On Thursday, May 7, 2009, Citizens Property Insurance Corporation (“Citizens”) Board of Governors (“Board”) held a special meeting to discuss whether to purchase approximately $173 million in Temporary Increase in Coverage Limits (“TICL”) coverage from the Florida Hurricane Catastrophe Fund …
May 7, 2009
Passed unanimously by the Florida Legislature on May 1, 2009 and pending signature by Florida Governor Charlie Crist, CS/HB 853 is considered the “legislative fix” to judicial decisions in two recent court cases that had changed the landscape of Florida …
May 7, 2009
The Property Casualty Insurers Association of America has distributed a comprehensive bulletin regarding Florida House Bill 853, which was passed by the Florida Legislature on May 1, 2009 to clarify the State’s regulation of its surplus lines insurance business. Specifically, …
May 6, 2009
To view a complete story, click on a headline below: Bill would eliminate insurers’ rate caps Supporters say it would help revive the property insurance market. The largest property insurance companies in Florida would be able to charge whatever …
May 5, 2009
By KATHLEEN HAUGHNEY THE NEWS SERVICE OF FLORIDA THE CAPITAL, TALLAHASSEE, May 5, 2009….. A legislative session that public school teachers had feared might leave schools scarred by layoffs and program cuts didn’t turn out quite so bad, education advocates …
May 5, 2009
To view a complete story, click on a headline below: Crist says he’ll sign bill increasing Citizens property insurance rates Gov. Charlie Crist says he’ll sign legislation that increases property insurance rates by 10 percent on more than 1 …
May 5, 2009
On Tuesday, May 5, 2009, the Florida Department of Financial Services, Division of Insurance Agents and Agency Services held a public workshop regarding proposed amendments to the following Rules relating to continuing education and licensee compliance for insurance agents, adjusters …
May 5, 2009
On Thursday, April 30, 2009, the National Association of Insurance Commissioners (“NAIC”) Property and Casualty Insurance and Market Regulation and Consumer Affairs Committees jointly held a public hearing on the use of credit-based insurance scores. To view the hearing agenda, …
May 4, 2009
To view a complete story, click on a headline below: Florida Governor Undecided on 10% Property Insurance Hike Measure Customers of the state-backed Citizens Property Insurance Corp. in Florida will be paying 10 percent more for their property insurance …
May 4, 2009
At the Florida Cabinet meeting scheduled for May 13, 2009, the Florida State Board of Administration (“SBA”) agenda will include a request for approval by the Florida Hurricane Catastrophe Fund (“FHCF”) to file Emergency Rule 19ER09-1, Reimbursement Contract and its attendant …