Jun 3, 2009
To view a complete story, click on a headline below: Citizens Property prepares for higher premiums in Florida Citizens Property Insurance Corp., the state-backed property insurer, says it needs to boost rates for homes, condos and businesses by a …
Jun 3, 2009
Florida Governor Charlie Crist was presented with two insurance-related bills today, June 3, along with 12 other bills. Senate Bill 742 relating to Sinkhole Losses would require the Florida Financial Services Commission to adopt a building code effectiveness grading schedule …
Jun 3, 2009
The National Association of Insurance Commissioners (“NAIC”) Property & Casualty Risk-Based Capital (E) Working Group (“Group”) met via teleconference on June 3, 2009. The Group, which functions as a subgroup of the Financial Condition (E) Committee’s Capital Adequacy Task Force, …
Jun 3, 2009
~ Protects rights of children involved in courts, increases children’s access to health care ~ TALLAHASSEE – Governor Charlie Crist signed legislation on June 2, 2009 to improve the quality of life for Florida’s children. Senate Bill 1018, Guardian Ad Litem, expands …
Jun 3, 2009
Joe Petrelli, President of Demotech, Inc., gave an overview of the company and its rating analysis method during a recent Florida Insurance Council (“FIC”) meeting. The following is a brief summary of Mr. Petrelli’s comments: Demotech was incorporated in 1985 …
Jun 3, 2009
The Florida Office of Insurance Regulation (“OIR”) issued a Final Order today, June 3, approving a rollback in workers’ compensation insurance rates. The action restores the 18.6 percent rate decrease that took effect on January 1, 2009, with a projected …
Jun 2, 2009
Legislation exempting a certain type of self-insurance fund from Florida regulatory oversight, along with a bill that uses insurer data to assist a federal program identifying noncustodial parents who owe past-due child support were among nine bills signed into …
Jun 2, 2009
To view a complete story, click on a headline below: Florida EDR Adds Summer Education Conferences To Schedule The Office of Economic & Demographic Research has revised the Summer 2009 Master Estimating Conference Schedule to include two Education Estimating …
Jun 2, 2009
To view a complete story, click on a headline below: Crist Signs Insurance Premium Tax Credit Corporate Scholarship Bill; Vetoes Condo Loss Assessment Coverage Bill A summary of Governor Charlie Crist’s bill action on Monday. Florida Surplus Lines …
Jun 2, 2009
While acknowledging the importance of individual condominium unit owner property insurance coverage requirements contained in Senate Bill 714, Florida Governor Charlie Crist nevertheless vetoed the measure on June 1, 2009 because of his “great concern” over a provision in SB …