U.S. House Subcommittee Insurance Crisis Hearing Report

Feb 13, 2008

On Monday, February 11, 2008, the Oversight and Investigations Subcommittee (“Subcommittee”) of the United States House of Representatives held a field hearing entitled “The Homeowners’ Insurance Crisis and its Impact on Communities, Homeowners and the Economy” in Palm Beach County, …

FIGA Board Meeting Report

Feb 13, 2008

On Wednesday, February 13, 2008, a representative of this firm attended the Board of Directors’ (“Board”) Meeting of the Florida Insurance Guaranty Association (“FIGA”). Several reports were provided to the Board and actions were taken on necessary items. Below is …

FWCJUA Operations Committee Meeting Report

Feb 13, 2008

On Friday, February 8, 2008, the Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) held a meeting of its Operations Committee (“Committee”) to discuss service provider fee adjustments and selection process, disaster data recovery, document management and retention, and general business …

NAIC’s Feb. 2008 SERFF Issue

Feb 13, 2008

The National Association of Insurance Commissioners (“NAIC”) has released its System for Electronic Rate and Form Filing (“SERFF”) newsletter for February, 2008. The SERFF system is designed to provide a cost-effective method of handling insurance policy rate and form filings …

Florida Senate Committee Proposes FCHF Bill

Feb 13, 2008

The Florida Senate Banking and Insurance Committee has released a proposed committee bill regarding the Florida Hurricane Catastrophe Fund (“FHCF”). This Senate bill is substantially similar to a proposal developed by Chief Financial Officer (“CFO”) Alex Sink, which was introduced …

Florida Insurance Guaranty Assoc., Inc

Feb 13, 2008

The Florida Insurance Guaranty Assoc., Inc. announces a Notice of Meeting/Workshop Hearing public meeting to which all persons are invited. DATE AND TIME: February 13, 2008, 9:00 a.m. PLACE: Tallahassee, Florida GENERAL SUBJECT MATTER TO BE CONSIDERED: The FIGA Board …

EDITORIAL: FEMA will see you now

Feb 12, 2008

Palm Beach Post–Feb. 11, 2008 U.S. Rep. Tim Mahoney, D-Palm Beach Gardens, had to take the unusual step of meeting with FEMA Director David Paulison recently to find out why the agency still owed Martin County $3.2 million for debris …

Legislators rethink state storm fund

Feb 12, 2008

Miami Herald–Feb. 12, 2008BY BEATRICE E. GARCIA Soon after the insurance reform bill was passed last January, some lawmakers and state officials started to worry about the big tab Florida taxpayers would have to cover if a massive storm hit …

Help States With Catastrophes, House Panel Told

Feb 12, 2008

National Underwriter–Feb. 11, 2008 BY MATT BRADY Advocates for a federal role in natural catastrophe insurance, at a Florida hearing today, urged federal lawmakers to help states prepare for the financial impact of a natural catastrophe. At a field session …