Category: Florida News

  In a letter today, April 7, 2010, Florida Insurance Commissioner Kevin McCarty notified Florida Chief Financial Officer Alex Sink that Northern Capital Insurance Company is insolvent.  He also indicated that liquidation of the company appears to be a strong …

The Centers for Medicare and Medicaid Services (“CMS”) has advised that a non-group health plan (“NGHP”) technical teleconference relating to Section 111 of the Medicare, Medicaid, and SCHIP Extension Act of 2007 (“MMSEA”) was incorrectly scheduled for April 14, 2010 …

    To view a complete story, click on a headline below:   Blog:  Crist threatens any bill that favors property insurers Republican Gov. Charlie Crist just said he would veto any bill that favors the property insurance industry. That …

This article was pupblished by the News-Journal Online on April 6, 2010. By STATE REP. BILL PROCTOR, COMMUNITY VOICES A serious threat to Florida’s economic recovery is the possibility that a major hurricane will strike a large metropolitan area this …

This article was published by the Insurance Journal on April 5, 2010. Florida’s 21st Century Holding Co. announced that its subsidiary Federated National Insurance Co. (FNIC) has received a capital infusion of $10 million. The transaction follows the previously announced …

This article appeared in the Tallahassee Democrat on April 5, 2010: By Jim Ash FLORIDA CAPITAL BUREAU Florida is one major hurricane from financial ruin, insurance companies need more freedom to raise rates, and lawmakers need to rein in Citizen’s …

    To view a complete story, click on a headline below:   Blog:  Should insurers disclose financial information for affiliates? A Senate panel on Wednesday will weigh several property insurance measures, including a bill that would require insurers to …

This article appeared in The Sarasota Herald-Tribune on April 3, 2010: By Aaron Kessler The U.S. Consumer Product Safety Commission released its long-awaited guidance Friday for how to deal with homes affected by contaminated Chinese drywall, saying the product represented …

On April 1, 2010, the Florida Office of Insurance Regulation (“OIR”) issued an Order amending certain previously issued Consent Orders with respect to insurers’ obligations when assuming policies from Citizens Property Insurance Corporation (“Citizens”).  Specifically, all Consent Orders relating to …

This editorial appeared in the Tallahassee Democrat on April 6, 2010: Lawmakers seem increasingly prepared, and so they should be, to challenge Gov. Charlie Crist’s threat to once again veto legislation that would open up the property insurance market — …