Category: Insurance Regulatory News

Tampa Tribune–February 15, 2009 Thousands of State Farm policyholders around Florida are angry with the insurance giant and can’t wait to see the company leave. Insurance Commissioner Kevin McCarty apparently feels the same way. He said the other day the …

Pensacola News-Journal–February 15, 2009 As Florida’s Insurance Consumer Advocate, I am disappointed in State Farm Florida’s decision to exit the property insurance market. We need to consider the immediate fallout: Does the private market have the capacity to absorb State …

Florida Times-Union–February 15, 2009 Many politicians, editorialists and citizens have weighed in on the recent decision by State Farm to withdraw from Florida’s property insurance market. Some of the comments have derided State Farm and some of these came long …

Herald-Tribune–February 15, 2009 Now that the state has given State Farm Florida conditional approval to leave Florida’s property insurance market, Gov. Charlie Crist and legislative leaders can drop their populist rhetoric and try to figure out how to make hurricane …

The Office of Florida Chief Financial Officer Alex Sink–February 16, 2009 TALLAHASSEE – Following meetings around the state with senior investors and the “Safeguard our Seniors” Task Force, Chief Financial Officer Alex Sink will join taskforce members and Senator Mike …

The News Service of Florida–February 16, 2009 BY KEITH LAING THE CAPITAL, TALLAHASSEE……….U.S. Rep. Kendrick Meek, who became the first major candidate to get in the 2010 U.S. Senate race last month, picked up the first big endorsement of the …

  On Monday, February 16, 2009, the Florida Department of Financial Services (“DFS”), Division of Workers’ Compensation (“Division”) held a workshop on proposed Rule Chapter 69L-5 entitled “Rules for Self-Insurers Under the Workers’ Compensation Act.” The Rules under consideration would …

  To view a complete story, click on a headline below:   Rival insurance companies filling void from State Farm’s Florida exit State Farm Florida Insurance Co.’s announced exit from the property insurance market is a boon for other insurance …

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Insurance Journal–February 13, 2009 Florida Insurance Commissioner Kevin McCarty has offered a withdrawal plan for State Farm Florida Insurance Co. and its parent company with major conditions that were not in the original plan submitted by the insurer. In his …