Category: Florida Legislative News

Bill Filed Extending Citizens Rate Freeze

Jan 22, 2009

On January 22, 2009, State Senator Mike Fasano (R-New Port Richey) filed Senate Bill 862, which would extend the Citizens Property Insurance Corporation (“Citizens”) rate freeze currently in place for one year until January 1, 2011.  The bill also would …

Political risk high for Wall Street as TARP unfolds

Jan 21, 2009

Tue Jan 13, 2009 Reuters By Kevin Drawbaugh – Analysis WASHINGTON (Reuters) – Congressional Democrats and the incoming Obama administration are uniting around strategies for saving the U.S. financial system, but a fog of political risk still hangs over Wall …

FPCA Automobile Division: Bad Faith Draft Legislation

Jan 21, 2009

During the last few months, the FPCA has been working with various insurance groups to develop interest in a bill addressing bad faith issues.  In the last week, several insurance groups have expressed interest in forming a coalition to push …

Florida Hurricane Catastrophe Fund Bill Filed

Jan 20, 2009

On January 19, 2009, State Representative Kevin Rader (D- Boynton Beach) filed House Bill 437 relating to the Florida Hurricane Catastrophe Fund (“FHCF”).  This bill creates the Division of Florida Hurricane Catastrophe Fund (“Division”) as part of the Florida State …

CFO Sink Will Not Run for U.S. Senate

Jan 16, 2009

Florida Chief Financial Officer (“CFO”) Alex Sink announced today that she will not seek election to the U.S. Senate seat to be vacated by Senator Mel Martinez in 2010. Meanwhile, the South Florida Sun Sentinel reported that Senator Dan Gelber …

Informal FPCA Meeting Update: Friday, January 16

Jan 16, 2009

UPDATE:  The informal FPCA meeting scheduled to be held following the 2009 State of the Florida Insurance Market Summit today, January 16, 2009, will start at approximately 12:15 at “A Land Remembered” Steakhouse, Rosen Shingle Creek Hotel & Resort, in …

Informal FPCA Meeting Reminder: Friday, January 16

Jan 16, 2009

REMINDER:  An informal FPCA meeting is scheduled to be held immediately following the 2009 State of the Florida Insurance Market Summit on Friday, January 16, starting at 11:30 a.m. at “A Land Remembered” Steakhouse, Rosen Shingle Creek Hotel & Resort, …