Jun 5, 2009
As Gov. Charlie Crist decides whether to sign a bill (HB 1171) that would allow some large property insurance companies to raise rates without state regulatory approval, the measure’s sponsor has written to Insurance Commissioner Kevin McCarty to make several …
Jun 4, 2009
Floridians might not be as oblivious to hurricane safety as their coastal neighbors after all, a poll unveiled Wednesday indicates. Following the release last week of a Mason Dixon Polling & Research poll showing most coastal U.S. residents are seriously …
Jun 4, 2009
By Maria Elena Abate, Esq., ShareholderColodny Fass Entitlement to appeal an order compelling an appraisal pursuant to a Florida insurance policy is now tantamount to a party’s entitlement to appeal an arbitration order under revised Rules of Appellate Procedure …
Jun 4, 2009
To view a complete story, click on a headline below: Governor Crist Signs Legislation to Ensure Fairness in Tax Assessments Added protection for Florida homeowners and owners of business, rental or second-home properties Governor Charlie Crist today signed legislation …
Jun 4, 2009
To view a complete story, click on a headline below: Crist likely to veto insurance bill Gov. Charlie Crist said Wednesday he likely will reject legislation allowing large national companies to charge whatever rates they wish for property insurance …
Jun 4, 2009
On Thursday, June 4, 2009, the Florida Office of Insurance Regulation (“OIR”) issued an Order stating its intent to suspend or revoke the Certificate of Authority for Liberty National Life Insurance Company (“Liberty National”) to sell life and health insurance …
Jun 4, 2009
A Message from PILS Chairman Maria Elena Abate, Esq.: The Florida Supreme Court issued a decision today confirming that voluntary sections of the Florida Bar may take ideological positions that could be considered divisive. The Court concluded that, because membership …
Jun 4, 2009
A proposed Model Act relating to auto body damage claims and aftermarket parts and repair, along with proposed airbag fraud legislation will be among the issues scheduled to be discussed at the National Conference of Insurance Legislators (“NCOIL”) Summer Meeting …
Jun 4, 2009
The Term Asset-Backed Securities Loan Facility (TALF) is a funding facility through which the Federal Reserve Bank of New York (“FRBNY”) extends three-year, non-recourse loans to private investors. The loans are collateralized by certain types of consumer- and small …
Jun 4, 2009
Two charts detailing changes to Citizens Property Insurance Corporation (“Citizens”) as a result of successful 2009 property insurance legislation were distributed during the June 2 Citizens Actuarial and Underwriting Committee meeting. To view the documents, click on the hyperlinks below. …