CS/CS/CS/HB 419 relating to Condominiums by the House Insurance, Business and Financial Affairs Policy Committee passed the House Criminal and Civil Justice Policy Council on Tuesday, March 24, 2009, by 11(Y)-1(N).  The bill, which passed with an amendment by State …

In an unaudited study commissioned by the Florida-based “Shield Our State” Coalition, Pinnacle Actuarial Resources (“Pinnacle”), an actuarial and management consulting firm, proposes mandatory insurer participation in a public/private “Florida Statewide Hurricane Pool” (“FSHP”).  The “Shield Our State” coalition is spearheaded …

  To view a complete story, click on a headline below:   Tanking property values may halt new Broward schools construction Throw the Broward school district’s five-year construction and technology plan out the window, district financial staff told School Board …

To view a complete story, click on a headline below:   Sen. Bill Nelson moves to sustain Florida catastrophic hurricane fund Warning that “the big one is going to hit” inevitably, U.S. Sen. Bill Nelson called for federal loan guarantees …

The National Association of Insurance Commissioners (“NAIC”) Reinsurance Task Force (“Task Force”) has released a draft of federal legislation regarding implementation of the Reinsurance Regulatory Modernization Framework for comment by Thursday, April 23, 2009.  Comments may be sent to Ryan …

CORRECTION:  Please note the corrected information below regarding Week 6 of the Florida Legislative Schedule.    Update on Economic Development Policy Packages House Bill 7031 relating to Economic Development by the House Economic Development and Policy Committee and Representative Jennifer …

On Tuesday, March 24, 2009, the Florida House Insurance, Business and Financial Affairs Policy Committee (“Committee”) conducted a workshop on the following two insurance bills sponsored by State Representative Ellyn Bogdanoff (R-Fort Lauderdale) as part of its regular agenda: HB …

Above:  Florida Insurance Commissioner Kevin McCarty   Florida Insurance Commissioner Kevin McCarty has been named “Regulator of the Year” by the LexisNexis Insurance Law Center’s Advisory Board. A press release from the Florida Office of Insurance Regulation about Commissioner McCarty’s …

REMINDER:  Pursuant to the form issued, Citizens Property Insurance Corporation, in cooperation with the Florida Office of Insurance Regulation (“OIR”), has issued a reminder to all qualified insurers that wish to apply for Limited Apportionment Company status that applications must be …

  Pinnacle Actuarial Study:  “Impact Analysis of Proposed Florida Statewide Hurricane Pool” As discussed during the March 20, 2009 FPCA Homeowners’ Division conference call, Pinnacle Actuarial Resources, Inc. has released the attached study and related appendices and exhibits entitled “Impact …