May 22, 2009
UPDTAED MAY 22, 2009 About TALF The Federal Reserve Board on November 25, 2008 announced the creation of the Term Asset-Backed Securities Loan Facility (TALF), a facility that will help market participants meet the credit needs of households and small …
Demotech, Inc. Releases Financial Stability Ratings for Florida Property Insurance Companies: May 21
May 22, 2009
As part of its ongoing review and analysis of Florida’s property and casualty insurance market, Demotech, Inc. released the attached Financial Stability Ratings for Florida property insurance companies on Thursday, May 21, 2009. Should you have any questions or …
May 21, 2009
On Tuesday, May 19, 2009, the Florida Commission on Hurricane Loss Projection Methodology (“Commission”) reviewed and approved the AIR Worldwide Corporation Atlantic Tropical Cyclone Model V11.0 (“AIR V11.0”) as part of its regular meeting agenda. The following is a brief …
May 21, 2009
On Wednesday, May 20, 2009, the Board of Employee Leasing Companies (“Board”) met to consider employee leasing company applications, controlling person applications, de minimis exemption and registration applications and employee leasing company name changes. The following employee leasing company and …
May 21, 2009
The National Association of Insurance Commissioners (“NAIC”) Summer 2009 National Meeting is scheduled to be held from June 13-16, 2009, in Minneapolis. Major property and casualty, as well as life and health insurance-related issues on the meeting agenda are …
May 21, 2009
Update: The Louisiana Senate amended and passed SB 331 (summarized below) unanimously on third reading today, May 21, 2009. A motion to reconsider the bill was tabled. The bill was re-engrossed and next proceeds to the Louisiana House of Representatives for consideration. …
May 21, 2009
To view a complete story, click on a headline below: Feds rip Fort Lauderdale’s spending for the poor, demand $2.5 million repayment The city bungled the spending of federal money meant for poor people over the past two decades …
May 21, 2009
The Florida Property and Casualty Association (“FPCA”) is in the process of drafting a letter to Florida Governor Charlie Crist requesting his veto of House Bill 1171, which is also known as the “Open Rating Bill.” Optimal timing of the …
May 21, 2009
State Senator Mike Fasano and State Representative Will Weatherford: Governor Crist has Signed Florida New Markets Development Program into Law Senator Mike Fasano and Representative Will Weatherford announce that Governor Charlie Crist has signed HB 485, which creates the Florida …
May 21, 2009
To view a complete story, click on a headline below: Fla. Senator Mike Bennett wants insurance chief to resign Sen. Mike Bennett, R-Bradenton, wrote Insurance Commissioner Kevin McCarty that lawmakers can no longer trust his word after he suggested …