Category: Insurance Regulatory News

Capitol to Courthouse Headliners: Monday, March 3

Mar 3, 2008

  To view a complete story, click on a headline below: Florida lawmakers will confront insurance woes when the session begins Tuesday Pay now or pay later? Once again lawmakers will wrestle with this question as they deal with the …

OIR Releases Annual Report on Freedom to Travel Law

Mar 3, 2008

The Florida Office of Insurance Regulation (“OIR”) released the annual Freedom to Travel Report today, March 2, 2008. The Report details the OIR’s efforts to implement the “Freedom to Travel Act,” which was passed in 2006 and places strict limitations …

U.S. Rep Mahoney Urges NCOIL To Back Cat Bill

Feb 29, 2008

National Underwriter–Feb. 28, 2008 BY ARTHUR D. POSTAL WASHINGTON —A Florida congressman urged state legislators today to persuade members of the U.S. Senate to support legislation that would allow states to pool their catastrophic risks. Rep. Tim Mahoney, D-Fla., told …

Storm-risk models impact rates

Feb 29, 2008

Bradenton Herald–Feb. 28, 2008 By ALDEN WEICHELSpecial to the Herald Insuring hurricane losses in Florida is a high-risk business. Most of the insured property – worth nearly $2 trillion – is vulnerable to storm losses since Florida has more major …

Hefty Citizens surcharges a threat

Feb 29, 2008

Homeowners covered by the state-run insurer could face multiple double-digit assessments on their policies if lawmakers don’t make certain changes in the legislative session that starts Tuesday. BY BEATRICE E. GARCIAMiami Herald–Feb. 29, 2008 Assessments could be more onerous for …