Apr 9, 2010
The Florida Senate Committee on Banking and Insurance (“Committee”) met on April 7, 2010, during which it considered various insurance-related bills. Below is a brief summary of the meeting: Senate Bill 2108 relating to Insurance by Senator Garrett Richter …
Apr 9, 2010
SB 1460, which would return the Florida Hurricane Catastrophe Fund (“FHCF”) Contract Year to June 1 through May 31 beginning June 1, 2010, was presented to Florida Governor Charlie Crist for action today, April 9, 2010. Governor Crist has until April 16, …
Apr 9, 2010
Following is a listing of insurance-related Florida legislative and regulatory events for the week of April 12-16, 2010: Note: All times are Eastern Standard Time. Additional information is available via hyperlink were noted in bold type. FLORIDA INSURANCE LEGISLATIVE EVENTS To …
Apr 9, 2010
At the behest of Florida Senate President Jeff Atwater, Senate staff convened a meeting on April 8, 2010 between regulators and insurance industry representatives to discuss proposed legislation that would regulate managing general agents. Staff members explained that the …
Apr 8, 2010
Citizens Property Insurance Corporation (“Citizens”) announced that it closed on a $2.4 billion dollar bond sale for its High-Risk Account on April 6, 2010. Citizens expects to have approximately $14 billion in readily available cash resources to pay any 2010 …
Apr 8, 2010
A Personal Injury Protection-related amendment to SB 2108 that was introduced by Senator Mike Fasano during the April 7, 2010 Senate Committee on Banking and Insurance (“Committee”) was determined to be inappropriate today and was stripped from the bill by …
Apr 8, 2010
The FPCA Automobile Division will be meeting via teleconference tomorrow, April 9, at 2:00 p.m. The call-in number is 800.369.1285; conference code: 63015#. An agenda for the meeting, as well as minutes from the March 26, 2010 meeting, are attached. …
Apr 8, 2010
To view a complete story, click on a headline below: Seminoles OK gambling compact; Crist hopes to sign bill next week An agreement with the Florida Seminole Indian Tribe that would provide the state at least $1 …
Apr 8, 2010
The FPCA Homeowners Division will be meeting via teleconference at 10:30 a.m. tomorrow, April 9. The call-in number is 800.369.1285; conference code: 63016#. An agenda for the meeting, as well as minutes from the April 1, 2010 meeting, are attached. …
Apr 8, 2010
To view a complete story, click on a headline below: Florida regulators: Miami insurance company insolvent State regulators have declared Miami-based Northern Capital Insurance Co. to be insolvent and they’ve urged its 74,000 customers to seek new …