Category: Insurance Regulatory News

Florida Insurance Commissioner Kevin McCarty released the following statement today, May 2, 2008, regarding House and Senate passage of Annuities Bill.     Should you have any questions or comments, please do not hesitate to contact this office.   Statement …

Florida Chief Financial Officer (“CFO”) Alex Sink and Interim Insurance Consumer Advocate Terry Butler today, May 2, 2008, issued statements regarding the Legislature’s passage of CS/CS/SB 2012: An Act Relating to Insurance Policies, which includes provisions imposing restrictions on the …

TALLAHASSEE – Legislation reforming the unfair practices of taxing property based on “highest and best use” won unanimous approval from both the Florida House of Representatives and Florida Senate.  House Bill (HB) 909, sponsored by Representative Peter Nehr (R-Tarpon Springs), …

To view a complete story, click on a headline below:   Legislature passes insurance bill; industry irked A broad insurance bill that freezes rates charged by the state-run insurer and increases regulators’ power to police insurance companies passed the state …

At 6:02 p.m., May 2, 2008, the 2008 Regular Florida Legislative Session adjourned Sine Die. Several insurance-related bills passed, including the following: To view the complete summary, click here.

Two major insurance initiatives and their respective companion bills failed to pass during the final hours of the 2008 Regular Legislative Session. HB 7021 and SB 2156 related to the Florida Hurricane Catastrophe Fund (“FHCF”).  This bill also was endorsed …

The Senate passed CS/CS/SB 2012 An Act Relating to Insurance Policies this morning, May 2, 2008 after concurring with House amendments passed to the bill on April 30. The bill now proceeds to the Governor for his signature. CS/CS/SB 2012 …

House Bill 5057 was passed this morning, May 2, 2008 by the Senate (Vote: 40 Yeas / 0 Nays) with no amendments.  The bill will now be sent to the Governor. A similar version of HB 5057 language passed this …

The Florida Workers’ Compensation Joint Underwriting Association will hold a Market Assistance Plan Committee meeting on Friday, May 2, 2008 starting at 10:00 a.m. The call-in number and agenda for this meeting are not available at this time.

Miami Herald–May 01, 2008 BY BEATRICE E. GARCIA A lawsuit has been filed against the Florida Insurance Guaranty Association claiming the agency failed to notify consumers there’s a deadline for resolving claims against the failed Poe insurance companies. The suit, …