Category: Florida News
Mar 9, 2009
Says state trying to keep it from leaving homeowners insurance market By Brandon Larrabee Florida Times-Union–March 7, 2009 TALLAHASSEE – Conditions set by regulators for State Farm Florida’s withdrawal from the state’s property insurance market are illegal and amount to …
Mar 9, 2009
Jacksonville Business Journal–March 6, 2009 by Rachel Witkowski Staff Writer JACKSONVILLE – For State Farm agent Debra Braddock, the business she’s built for 25 years with the same company will be the only insurance business she plans to do in …
Mar 9, 2009
National Underwriter–March 6,2009 BY DANIEL HAYSNU Online News Service Florida Chief Financial Officer Alex Sink announced she would suspend the license of new startup home insurer Peoples Trust for using call center personnel who were not licensed to sell insurance, …
Mar 9, 2009
Daytona News-Journal–March 9, 2009 By JIM SAUNDERS Tallahassee Bureau Chief TALLAHASSEE — Already mired in severe budget problems, Florida could face a bigger financial crisis if a major hurricane slams the state this year. A state catastrophe-insurance program is supposed …
Mar 9, 2009
Monday, March 9 Joint Legislative Auditing Committee The Joint Legislative Auditing Committee meets today, March 9, 2009, from 4:00-6:00 p.m. in Room 401, The Capitol, Tallahassee. Insurance-related agenda items include: Presentation and discussion of the Auditor General Report …
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 …
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. …
Mar 6, 2009
Miami Herald–March 5, 2009 BY BEATRICE E. GARCIA storm season Insurance regulators have 30 to 45 days to come up with a plan to shore up the state’s hurricane catastrophe fund, which backs up the private insurers operating in Florida. …
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, …
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 …