Category: Insurance Regulatory News

Average drop is 9 percent; refunds also to be paid By Kathy Bushouse South Florida Sun-Sentinel State Farm bowed to pressure from Florida officials by agreeing Tuesday to cut customers’ home insurance prices. The agreement also says State Farm can’t …

Citizens Property Insurance Corporation (“Citizens”) held an Actuarial and Underwriting Committee (“Committee”) meeting on Thursday, April 10, 2008. The discussion included a proposed 30-day waiting period for personal residential policy applications, rating algorithms, and updates on Citizens’ Consumer Services Department. …

The Florida State Board of Administration is soliciting competitive responses from reinsurance intermediaries capable of designing and placing reinsurance products and other financing arrangements that enhance the Florida Hurricane Catastrophe Fund’s (“FHCF”) loss reimbursement process.  The selected respodent will participate as part of …

  To view a complete story, click on a headline below:   State Farm to cut Florida home insurance rates by 9 percent, pay rebates State Farm bowed to pressure from Florida officials by agreeing Tuesday to cut customers’ home …

The Florida Surplus Lines Service Office ("FSLSO") will the following meetings on Monday, April 14 at the FSLSO Headquarters, 1441 Maclay Commerce Drive, Suite 200, Tallahassee, Florida: Audit Committee–110:00 a.m. Board of Governors–1:00 p.m. No agendas for the above meetings …

The House Policy and Budget Council will hold a meeting on Monday, April 14, 2008 from 3:15 p.m.-6:00 p.m. in Room 212 of the Knott Building, The Capitol, Tallahassee, Florida. Insurance-Related bills scheduled to be discussed include: HB 0111: Relating …

The Senate Commerce Committee will hold a meeting on Monday, April 14, 2008 from 9:00 a.m.-10:30 a.m. in Room 401 of the Senate Office Building, The Capitol, Tallahassee, Florida. Insurance-Related bills scheduled to be discussed include: SB 1422: Relating to …

Click on a headline to read the complete story:   Bill limits Citizens increases An insurance bill making its way through the Senate now provides a small break for homeowners covered by the state-run insurer but ramps up regulation for …

Citizens Property Insurance Corporation (“Citizens”) has released updated assumption calendars in connection with the personal lines and commercial residential takeout programs. The revised calendars do not reflect any new deadlines, but provide additional information on the recently promulgated procedures relating …

  Legislative Meetings Monday, April 14 The House Policy and Budget Council will hold a meeting on Monday, April 14, 2008 from 3:15 p.m.-6:00 p.m. in Room 212 of the Knott Building, The Capitol, Tallahassee, Florida. Insurance-Related bills scheduled to …