Mar 6, 2009
Insurance commissioner blasted for rejecting 47 percent rate increase Florida Times-Union–March 6, 2009 TALLAHASSEE – Leaders from both parties urged Insurance Commissioner Kevin McCarty to try to bring State Farm Florida back into the property insurance market, and the top …
Mar 6, 2009
Sarasota Herald-Tribune–March 6, 2009 By LLOYD DUNKELBERGER H-T Capital Bureau State Insurance Commissioner Kevin McCarty was sharply questioned by a Senate committee on Thursday over state efforts to shore up its hurricane catastrophe fund. Senate Ways and Means Chairman J.D. …
Mar 6, 2009
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. …
Mar 6, 2009
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, …
Mar 6, 2009
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 …
Mar 6, 2009
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, …
Mar 6, 2009
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 …
Mar 6, 2009
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 …
Mar 6, 2009
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 …
Mar 6, 2009
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 …