Financial Exam, No-Fault Rules On May 13 Cabinet Agenda

May 7, 2009

Florida Governor Charlie Crist and the Cabinet (“Cabinet”) will hold a meeting on Wednesday, May 13, starting at 9:00 a.m. in the Cabinet Meeting Room, Lower Level, The Capitol, Tallahassee.  The complete Cabinet agenda, which may be viewed by clicking …

NAIC Regulatory Framework Task Force Meeting Report: May 7

May 7, 2009

The National Association of Insurance Commissioners (“NAIC”) Regulatory Framework (B) Task Force (“Task Force”), a subcommittee of the NAIC Health Insurance and Managed Care Committee, met via teleconference on May 7, 2009.  The purpose of the meeting was to discuss …

Citizens Board Determines Reinsurance Options at May 7 Special Meeting

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 …

PCI Surplus Lines Bulletin Outlines HB 853

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, …

Capitol to Courthouse Headliners: Wednesday, May 6

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 …

Capitol to Courthouse Headliners: Tuesday, May 5

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 …