May 13, 2010
Demotech, Inc. President Joe Petrelli issued the following statement today, May 13, 2010: “I have been advised that the recent positions that Demotech has taken in specific situations are being interpreted as broad sweeping changes imposing reinsurance requirements. To …
May 13, 2010
To view a complete story, click on a headline below: Editorial: Insurance bill needs improvement Any day now, a property insurance bill that lawmakers jammed through the Legislature in the closing days of the session will land …
May 13, 2010
The Citizens Property Insurance Corporation (“Citizens”) Information Systems Advisory Committee (“Committee”) met on May 12, 2010. To view complete meeting materials, click here. A summary of the meeting discussion follows. Key Projects Update Five vendors have been selected to present …
May 12, 2010
To view a complete story, click on a headline below: Blog: Regulator getting heat for Florida’s property insurance problems Florida Insurance Commissioner Kevin McCarty is taking a beating over the health of the state’s property insurance market, …
May 12, 2010
The Heartland Institute issued the following on May 12, 2010: TALLAHASSEE–A policy analyst at The Heartland Institute today praised Florida Insurance Commissioner Kevin McCarty for supporting property and casualty insurance reform. McCarty has encouraged Gov. Charlie Crist to sign Senate …
May 12, 2010
The FPCA Automobile Division will be meeting via teleconference on Friday, May 21, at 11:00 a.m. The call-in number is 800.369.1285; conference code: 91285#. An agenda for the meeting, as well as minutes from the April 30, 2010 meeting, are …
May 12, 2010
Florida Governor Charlie Crist requested $34.75 million from BP America today, May 12, 2010, for the purpose of financing a marketing campaign by VISIT FLORIDA to counter the “negative, widespread and false” information that potential tourists are receiving about …
May 12, 2010
The United States Department of Health and Human Services (“HHS”) held a May 6 national training session for insurance regulators on the June 1, 2010 implementation of the Early Retiree Reinsurance Program (“Program”), which was established by section 1102 …
May 12, 2010
Prompted by a change in Florida’s Special Disability Trust Fund assessment, the National Council on Compensation Insurance made a May 7, 2010 filing with the Florida Office of Insurance Regulation (“OIR”) that includes a proposed 4.2 percent rate decrease. A May 11 press release …
May 12, 2010
Governor Crist signed various insurance-related bills into law on May 11, 2010. These bills are summarized below. Should you have any questions or comments, please contact Colodny Fass. CS/CS/CS/HB 159 relating to Guaranty Associations HB 159 relating to Guaranty …