Category: Florida News
Mar 25, 2009
Insurance-Journal–March 25, 2009 U.S. Sen. Bill Nelson has asked the U.S. Treasury to provide assurances to private market lenders that any loans they make in Florida would be repaid at fair market interest in the event of a catastrophe. Nelson, …
Mar 25, 2009
In a March 24, 2009 letter to State Farm Florida, the Florida Office of Insurance Regulation (“OIR”) has denied the insurer’s March 6 petition for an administrative hearing because it “fails to set forth with sufficient particularity ‘all disputed issues …
Mar 25, 2009
Orlando Sentinel–March 25, 2009 Aaron Deslatte Tallahassee Bureau CFO Alex Sink has angrily accused DeLand Rep. Pat Patterson of bottling up a bill meant to increase the penalties for unscrupulous insurance agents who bilk seniors out of their life savings. …
Mar 25, 2009
The state would take on storm risks under a new plan. By Brandon Larrabee The Florida Times-Union–March 25, 2009 TALLAHASSEE – The state would take over all hurricane insurance in Florida while at the same time dismantling its property insurance …
Mar 25, 2009
Insurance-Related Legislative Committee Meetings: Thursday, March 26 Florida Senate Committee on Education Pre-K-12 The Florida Senate Committee on Education Pre-K-12 will meet on Thursday, March 26, 8:30-10:30 a.m., Room 301 of the Senate Office Building, The Capitol, Tallahassee. …
Mar 25, 2009
The Florida Commission on Hurricane Loss Projection Methodology (“Commission”) met in Tallahassee on Thursday, March 19, 2009, to address potential issues and deficiencies in recent hurricane loss projection model submissions made under the 2008 standards. Concerns that were previously identified …
Mar 24, 2009
To view a complete story, click on a headline below: Sen. Bill Nelson moves to sustain Florida catastrophic hurricane fund Warning that “the big one is going to hit” inevitably, U.S. Sen. Bill Nelson called for federal loan guarantees …
Mar 24, 2009
CORRECTION: Please note the corrected information below regarding Week 6 of the Florida Legislative Schedule. Update on Economic Development Policy Packages House Bill 7031 relating to Economic Development by the House Economic Development and Policy Committee and Representative Jennifer …
Mar 24, 2009
Above: Florida Insurance Commissioner Kevin McCarty Florida Insurance Commissioner Kevin McCarty has been named “Regulator of the Year” by the LexisNexis Insurance Law Center’s Advisory Board. A press release from the Florida Office of Insurance Regulation about Commissioner McCarty’s …
Mar 24, 2009
REMINDER: Pursuant to the form issued, Citizens Property Insurance Corporation, in cooperation with the Florida Office of Insurance Regulation (“OIR”), has issued a reminder to all qualified insurers that wish to apply for Limited Apportionment Company status that applications must be …