Miami Herald–March 5, 2009 BY BEATRICE E. GARCIA storm season Insurance regulators have 30 to 45 days to come up with a plan to shore up the state’s hurricane catastrophe fund, which backs up the private insurers operating in Florida. …

National Underwriter–March 6, 2009 BY PHIL GUSMAN The Florida Hurricane Catastrophe Fund could face a significant shortfall if a major storm hits Florida this year, the state’s insurance commissioner told a State Senate committee yesterday. Kevin McCarty, Florida Insurance Commissioner, …

Miami Herald–March 5, 2009 By BILL KACZORAssociated Press Writer TALLAHASSEE, Fla. — The national credit crunch could threaten the viability of Florida’s hurricane insurance backup fund and that could lead to more home foreclosures, the state’s insurance commissioner told a …

In response to receiving conditional Florida Office of Insurance Regulation (“OIR”) approval of its plan to withdraw all property insurance business statewide, State Farm Florida Insurance Company and State Farm Florida Mutual Automobile Insurance Company (“State Farm”) filed a petition today, …

To view a complete story, click on the headline below: Florida Lawmakers want State Farm back, at any price Leaders from both parties urged Insurance Commissioner Kevin McCarty to try to bring State Farm Florida back into the property insurance …

Please note the following update from Insurance Journal regarding United States Congressional action on today’s expiration of the National Flood Insurance Program. Should you have any questions or comments, please contact Colodny Fass.   National Flood Insurance Expected to Get …

The United States House Financial Services Committee issued the following release on March 5, 2009: Frank to Continue Financial Reform Agenda Committee to also complete work on Mortgage Reform/Anti-Predatory Lending and Credit Card Legislation Washington, DC – House Financial Services …

Also known as the corporate income tax “glitch” bill, SB 1112 by Senator Thad Altman became the first bill to be approved by the 2009 Florida Legislature.  After passage by the Senate earlier this week (39-1), the House of Representatives …

  Insurance-Related Meetings for the Week of March 9-13     LEGISLATIVE COMMITTEE MEETINGS     Monday, March 9   Joint Legislative Auditing Committee The Joint Legislative Auditing Committee will meet on Monday, March 9, 4:00-6:00 p.m. in Room 401, …

REMINDER:  Please be advised that the FPCA Homeowners Division weekly conference calls begin today (March 6) at 2:00 p.m. The call-in number for today’s meeting is:  800.369.1285; conference code:  46367#. Minutes from the February 9, 2009 meeting, as well as …