Category: Insurance Regulatory News

South Florida Business Journal–July 16, 2008 South Florida Business Journal Florida was awarded $21.5 million as part of a global settlement with Bristol-Myers Squibb Co. and its former wholly owned subsidiary Apothecon, Attorney General Bill McCollum said Wednesday. The state …

Miami Herald–July 16, 2008 BY ELAINE DE VALLE In his presentation at the Coral Gables City Commission’s first budget workshop, City Manager David Brown stressed the positive: Many city homeowners could see tax decreases next year for the first time, …

                  Above:  Florida Governor Charlie Crist visited this week with Lord Peter Levene, Chairman of Lloyd’s of London to discuss reinsurance policies. Below:  Florida Insurance Commissioner Kevin McCarty, Governor Charlie Crist, and …

The National Association of Insurance Commissioners (“NAIC”) Reinsurance (E) Task Force (“Task Force”)  has scheduled an interim meeting in New York on July 23-25, 2008 concerning the Reinsurance Regulatory Modernization Proposal (“Proposal”) currently under consideration by the Task Force and interested parties. The …

Florida Office of Insurance Regulation–July 15, 2008   TALLAHASSEE, Fla. – Florida Insurance Commissioner Kevin McCarty today in London joined Gov. Charlie Crist and House Speaker Designate Ray Sansom in a meeting with Lord Levene, the chairman of Lloyd’s of …

Bradenton Herald–July 16, 2008 By BRIAN NEILL Michael Gold says he got tired of seeing Florida homeowners overcharged for their property insurance. After all, Gold says, his own insurance policy had jumped 400 percent. So Gold pulled some investors together …

Insurance Journal–July 16, 2008 Travelers, Nationwide Mutual and two leading national insurance producer organizations are supporting a plan they say will make private windstorm insurance more affordable and available in coastal areas. Federal legislation would be required to enact the …

National Underwriter–July 15, 2008 NU Online News Service Two major agent broker trade groups and two leading property-casualty insurance carriers have banded together to ask Congress to promote a plan to spread coastal risk across state boarders. In statements released …

South Florida Sun-Sentinel–July 16, 2008 Gov. Charlie Crist is promising to work with Britain to develop clean energy technology and to prevent climate change. Crist and British Foreign and Commonwealth Office Minister Kim Howells watched in London on Tuesday as …

State Farm Florida has filed a request to increase its homeowners insurance premium rates by an average of 41.7 percent. To view a copy of the request, click here.  Media coverage of the issue is below.    Should you have …