Category: Insurance Regulatory News

Sink wants to see national catastrophe fund set up

Jun 23, 2008

Dallas Business Journal–June 20, 2008 Florida’s Chief Financial Officer, Alex Sink, was the guest of honor at a National Association of Industrial and Office Properties function June 16 at Epping Forest Yacht Club. The following are edited excerpts of an …

Capitol to Courthouse Headliners: Monday, June 23

Jun 23, 2008

  To view a complete story, click on a headline below:   Florida homeowners catching a rate break on property insurance When Ron Wise learned Nationwide Insurance dropped the coverage on his Palm Beach Gardens home this year, he figured …

Citizens Claims Committee Meeting Report: June 18

Jun 20, 2008

On Wednesday, June 18, 2008, Citizens Property Insurance Corporation (“Citizens”) held a Claims Committee (“Committee”) meeting to review the Independent Adjuster Request for Proposal (“RFP”), and receive updates on Citizens’ Claims School and 2008 Hurricane Season Catastrophe Plan.  To view …

State insurer’s board chairman stepping down

Jun 20, 2008

Florida Today–June 19, 2008 THE ASSOCIATED PRESS TALLAHASSEE — The Board of Governors’ chairman for the state-created homeowners insurance company is stepping down. Bruce Douglas announced Thursday at a board meeting of Citizens Property Insurance in Jacksonville that he will …

Citizens raises $1.75B in offering

Jun 20, 2008

Orlando Sentinel–June 20, 2008 Citizens Property Insurance Corp. said Thursday that it now has $1.75 billion in financing for its high-risk account. The state-backed insurer obtained the funding by selling one- and three-year securities, and said it would use the …

Miami-Dade gets funds for hurricane hardening

Jun 20, 2008

South Florida Business Journal–June 19, 2008 South Florida Business Journal Miami-Dade County said it has been awarded nearly $18 million in funds to harden area buildings against hurricanes. Some grant recipients include Mount Sinai Medical Center, Miami-Dade College, Miami-Dade County …

LETTER TO THE EDITOR: Eye of the storm

Jun 20, 2008

Florida Today–June 20, 2008 Readers express a variety of opinions in their letters to FLORIDA TODAY. A pledge to hold insurers accountable In 2007, three years after one of the worst hurricane seasons in the state’s history, the Florida Legislature …

Editorial: Guarantee in storms is unlikely

Jun 20, 2008

News-Press–June 20, 2008 Editorial Hurricanes, and the threat of hurricanes, make living in Florida a gamble, forcing residents to choose the risk level they’re comfortable with. The foolhardy fail to stockpile basic hurricane kits. The wiser and more cautious build …

Capitol to Courthouse Headliners: Friday, June 20

Jun 20, 2008

  To view a complete story, click on a headline below:   State insurer’s board chairman stepping down The Board of Governors’ chairman for the state-created homeowners insurance company is stepping down. Bruce Douglas announced Thursday at a board meeting …