Category: Florida Insurance and Political Headlines

  To view a complete story, click on a headline below: Legislators eye Citizens’ surplus Citizens’ surplus could be tapped to fund a capital build-up program for start-up insurers despite concern about Citzens’ exposure to possible large storm claims. Money …

  To view a complete story, click on a headline below: Citizens Insurance surplus could be tapped Money earmarked to pay future Citizens Property Insurance claims could end up funding a program to provide additional capital for young insurers and …

  To view a complete story, click on a headline below: Report: Citizens to issue bonds Florida’s state-run property insurer may be taking steps to insure that it has funding to pay claims immediately after a hurricane. New bill could …

  To view a complete story, click on a headline below: Senate bill pressures home insurers A variety of measures would tighten state control in an effort to restrict rate increases. The Senate Banking and Insurance Committee on Tuesday advanced …

On March 24, 2008, Fitch Ratings, Inc. released a report entitled “Fitch Comments on Florida Homeowners’ Insurance Market” that details the company’s concerns from a ratings perspective. A copy of the report is attached for your review.   Should you …

  To view a complete story, click on a headline below:   Senate panel OKs one-year extension of Citizens rate freeze A state Senate panel today approved a one-year extension on rate-hike freezes for Citizens Property Insurance Corp. policyholders. Insurers’ …

  To view a complete story, click on a headline below: Storm brewing over Florida property insurance legislation A year after making sweeping property insurance changes, Florida legislators are divided between maintaining a consumer-friendly face or allowing homeowner premiums to …

  To view a complete story, click on a headline below: Insurance bill aimed at businesses advances The Florida House of Representatives’ insurance committee unanimously approved a bill Thursday that would let businesses opt out of helping to pay deficits …

To view a complete story, click on a headline below: State targets insurer over travel-related rejections The state said Wednesday it will seek to revoke or suspend the license of a life insurance company it accuses of denying or limiting …

U.S. Representative Ron Klein (D-FL) will provide a legislative update on the status of his national catastrophe insurance bill on Thursday, March 20, 2008 in Tallahassee. Klein’s legislation, the Homeowners’ Defense Act of 2007, passed the House of Representatives on …