Category: Archive – News

Lawmakers want State Farm back, at any price

Mar 6, 2009

Insurance commissioner blasted for rejecting 47 percent rate increase Florida Times-Union–March 6, 2009 TALLAHASSEE – Leaders from both parties urged Insurance Commissioner Kevin McCarty to try to bring State Farm Florida back into the property insurance market, and the top …

Senators grill state insurance chief

Mar 6, 2009

Sarasota Herald-Tribune–March 6, 2009 By LLOYD DUNKELBERGER H-T Capital Bureau State Insurance Commissioner Kevin McCarty was sharply questioned by a Senate committee on Thursday over state efforts to shore up its hurricane catastrophe fund. Senate Ways and Means Chairman J.D. …

Fla. Cat Fund Can’t Handle Major Storm, Says McCarty

Mar 6, 2009

National Underwriter–March 6, 2009 BY PHIL GUSMAN The Florida Hurricane Catastrophe Fund could face a significant shortfall if a major storm hits Florida this year, the state’s insurance commissioner told a State Senate committee yesterday. Kevin McCarty, Florida Insurance Commissioner, …

Credit woes could increase Fla. mortgage defaults

Mar 6, 2009

Miami Herald–March 5, 2009 By BILL KACZORAssociated Press Writer TALLAHASSEE, Fla. — The national credit crunch could threaten the viability of Florida’s hurricane insurance backup fund and that could lead to more home foreclosures, the state’s insurance commissioner told a …

Florida Bills Would Shift Hurricane Risk To State

Mar 5, 2009

National Underwriter–March 4, 2009 BY PHIL GUSMAN Similar bills introduced in both houses of the Florida Legislature would shift coverage for hurricanes from private insurers to the state-a move that two industry organizations find objectionable. The legislation, HB 1157 and …

Fla. red light camera bill gets green light

Mar 5, 2009

Miami Herald–March 5, 2009 The Associated Press TALLAHASSEE, Fla. — A House panel has given the green light to a bill that would set requirements for the use of automatic cameras to fine owners of vehicles that run red lights. …

Powerful senator fighting merger

Mar 5, 2009

Florida Health News–March 4, 2009 By Christine Jordan Sexton Last year, Senator Durell Peaden was Gov. Charlie Crist’s health-care point man. He was primary sponsor of the Cover Florida Health plan and helped the governor in other ways. But Peaden, …