Category: Insurance Regulatory News

FWCJUA Board of Governors Meeting Report: Feb. 25

Feb 25, 2008

The Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) held a meeting of its Board of Governors (“Board”) on Friday, February 22, 2008. To view the agenda and meeting packet, click here. Supplemental data for the Rates and Forms Committee was …

Fla. Insurers See Hurricane Insurance Market on the Mend

Feb 25, 2008

Insurance Journal–Feb. 25, 2008 The insurance market in Florida is adjusting to changing conditions � some man-made, others resulting from forces of nature � all of which make property insurance for Florida homeowners more available and more affordable, according the …

Lawmakers jittery about risk rethinking storm insurance ‘fix’

Feb 25, 2008

Daytona Beach News-Journal–Feb. 25, 2008 By JIM SAUNDERS Tallahassee Bureau Chief TALLAHASSEE — With homeowners getting hammered last year by costly property-insurance bills, Gov. Charlie Crist and Florida lawmakers took a gamble. They froze rates for customers of the state-backed …

COMMENTARY: Crist’s insurance plans simply don’t add up

Feb 25, 2008

Orlando Sentinel–Feb. 24, 2008 Mike Thomas Florida’s great socialized insurance experiment is failing. The state cannot pay its bills if there is a major storm. Put another way, hurricane insurance in Florida is a fiction. Here is an explanation: Florida …

State Farm: No new homeowners policies

Feb 25, 2008

State Farm, the state’s largest private insurer, won’t write new homeowners policies starting March 1 as it seeks to reduce its exposure to hurricane losses. BY BEATRICE E. GARCIA Miami Herald–Feb. 24, 2008 In a move certain to deepen Florida’s …

Five Execs Found Guilty of Fraud in Gen Re-AIG Feb. 25 Trial

Feb 25, 2008

A federal court jury in Hartford, Connecticut has found four former General Re Corp. executives and one former American International Group executive guilty of corporate fraud and conspiracy charges stemming from allegations that the five helped cook AIG’s books in …

Capitol to Courthouse Headliners: Monday, Feb. 25

Feb 25, 2008

  To view a complete story, click on a headline below: State Farm: No new homeowners policies State Farm, the state’s largest private insurer, won’t write new homeowners policies starting March 1 as it seeks to reduce its exposure to …