Category: Insurance Regulatory News
Mar 27, 2008
 To view a complete story, click on a headline below: Report: Citizens to issue bonds Florida’s state-run property insurer may be taking steps to insure that it has funding to pay claims immediately after a hurricane. New bill could …
Mar 26, 2008
Florida Today–Mar. 26, 2008 BY JOHN McCARTHY and KIMBERLY C. MOORE The news last week that companies that insure mortgages were tightening their regulations in Brevard County left some wondering whether they would still be able to get mortgages to …
Mar 26, 2008
Florida Today–Mar. 26, 2008 Get ready to pay for state bailout if a big hurricane rolls through Florida this year You don’t have to tell Florida residents they’re getting the shaft from insurance companies on their homeowner policies for hurricane …
Mar 26, 2008
National Underwriter–Mar. 35, 2008BY MATT BRADYNU Online News Service Legislation aimed at reducing Florida homeowners’ exposure to increased assessments to support the state’s Hurricane Catastrophe Fund in the event of a major storm won unanimous approval in the Senate Banking …
Mar 26, 2008
Palm Beach Post–Mar. 26, 2008By MICHAEL BENDER and RANDY DIAMONDPalm Beach Post Staff Writers TALLAHASSEE — Windstorm premiums would be capped for another year for homeowners with state-backed insurance, but Floridians covered by private carriers could see a rate hike …
Mar 26, 2008
A variety of measures would tighten state control in an effort to restrict rate increases. Aaron DeslatteTallahassee BureauOrlando Sentinel–Mar. 26, 2008 TALLAHASSEE The Senate Banking and Insurance Committee on Tuesday advanced a package of changes to keep pressure on insurers …
Mar 26, 2008
 To view a complete story, click on a headline below: Senate bill pressures home insurers A variety of measures would tighten state control in an effort to restrict rate increases. The Senate Banking and Insurance Committee on Tuesday advanced …
Mar 26, 2008
On March 25, 2008, the State Board of Administration, Florida Hurricane Catastrophe Fund (“FHCFâ€) held a Proposed Rule Hearing regarding Rule 19-8.010, F.A.C., Reimbursement Contract (“Contract”) and amendments to certain Rules for the 2008-2009 Contract Year. A meeting of the …
Mar 26, 2008
On March 24, 2008, Fitch Ratings, Inc. released a report entitled “Fitch Comments on Florida Homeowners’ Insurance Market” that details the company’s concerns from a ratings perspective. A copy of the report is attached for your review.  Should you …
Mar 26, 2008
The Florida Office of Insurance Regulation (“OIR”) has issued the information below regarding the promotion of Jim Bennett to OIR Director of Market Investigations. Please do not hesitate to contact this office should you have any comments or questions.  Florida Insurance Commissioner …