Bill would let Citizens’ cash be loaned to insurers

Apr 1, 2008

St. Petersburg Times–Mar. 31, 2008 By Tom Zucco, Times Staff Writer, and Jennifer Liberto, Times Staff Writer TALLAHASSEE — A quarter of a billion dollars that state-backed Citizens Property Insurance has set aside to pay claims could be moved to …

Credit crunch hitting state storm insurance fund

Apr 1, 2008

Miami Herald–Apr. 01, 2008 BY BEATRICE E. GARCIA Because of the near-shutdown of the credit markets and rising interest rates, insurers in Florida fear the state’s hurricane catastrophe fund may not live up to its promise if a massive storm …

Capitol to Courthouse Headliners: Tuesday, April 1

Apr 1, 2008

  To view a complete story, click on a headline below:   DFS/Poe Lawsuit Atttached: CFO Sink Announces Lawsuit to Recover Additional Money for Poe Companies’ Claims Florida Chief Financial Officer (“CFO”) Alex Sink announced today that the Florida Department …

U.S. Treasury Releases Regulatory Structure Blueprint Report

Mar 31, 2008

The United States Treasury released its “Blueprint for Stronger Regulatory Structure Report” (“Report”) today, March 31, 2008.  The Report presents a series of short-, intermediate- and long-term recommendations for reform of the U.S. regulatory structure. Announced in June 2007, the Report is …

EDITORIAL: Extend lifeline to windstorm victims

Mar 31, 2008

Miami Herald–Mar. 30, 2008 The rainstorms inundating parts of the Midwest are a reminder that floods — like hurricanes — are recurring natural disasters that create misery in parts of this country year after year. Like hurricanes, floods are not …

Climate is a tough one for the industry in Florida

Mar 31, 2008

Orlando Sentinel–Mar. 31, 2008 Anika Myers PalmSentinel staff writer As credit rating service Fitch Ratings claimed the homeowners insurance market in Florida is so unstable that it would "collapse" if a major storm hits the state in 2008, state insurance …