Category: Florida News

Click on a headline to read the complete story:   Florida fight vs. insurers floods nation TALLAHASSEE – Coastal residents across the nation have a stake in Florida’s ferocious property insurance war, where regulators and the industry are going head-to-head …

Click on a headline to read the complete story:   Citizens Property Insurance to lose 200,000 policies Instead of being swamped with new policies, state-run Citizens Property Insurance now expects to see more than 200,000 leave its books before year-end. …

Below please find the highlights from the Citizens Property Insurance Corporation (“Citizens”) meetings held on October 24-25, 2007.    ————————————— Market Accountability Advisory Committee The following is as of September 30, 2007: • 1,379,847 policies in force–an increase of about 18,000 …

Click on a headline to read the complete story:   Children’s health insurance back for vote today WASHINGTON – Congressional Democrats, having made modest changes to a children’s health bill that President Bush vetoed, plan to bring the issue to …

Florida Chief Financial Officer Alex Sink and Florida Attorney General Bill McCollum today announced a multi-state settlement with several insurance brokers.  The press release on the matter  issued by the Florida Office of Insurance Regulation is below, along with a …

Click on a headline to read the complete story:   Insurers face more than $500M in losses Insured losses from the roaring wildfires in California are expected to exceed $500 million ranking among the five most damaging wildfires since 1970, …

The following memorandum was just issued by Citizens Property Insurance Corporation (“Citizens”) regarding its Board of Governors meeting: —————————————————————–   Oct. 24, 2007 To:       All interested partiesFrom:  Citizens Property Insurance CorporationRe:      Citizens Property Insurance Corporation Meeting Advisory Citizens Property Insurance Corporation’s …

Click on a headline to read the complete story:   OIR mandates greater decrease in workers’ comp rate The Florida Office of Insurance Regulation has rejected the National Council on Compensation Insurance’s (NCCI) latest rate filing for workers’ compensation insurance …

Click on a headline to read the complete story:   No fault takes a break, lawsuits may proliferate Florida motorists may want to use their best defensive driving skills between now and New Year’s.   Canceled Coastal Insurance Policies Argue …

Q&A with Insurance Commissioner Kevin McCarty By Kathy Bushouse, Sun-Sentinel.com October 21, 2007   Recently Sun-Sentinel staff writer Kathy Bushouse sat down with state insurance commisioner Kevin McCarty, who has put pressure on property insurers over rates. Here is the …