Category: Insurance Regulatory News

The Florida Taxation and Budget Reform Commission ("TBRC") will hold various meetings on February 25 and 26. To view a complete TBRC meeting schedule, click here.

  To view a story, click on a headline below:   Homeowner’s suit contends State Farm Florida withheld insurance discounts State Farm Florida Insurance Co., Florida’s largest property insurer, is accused of failing to provide discounts to windstorm policy holders …

A copy of the FWCJUA Board of Governors meeting packet is attached for your review.    

Insurance-Related Legislative Committee Meetings   The 2008 Florida Legislature convenes the 2008 Regular Legislative Session on March 4, 2008. No Committee meetings are scheduled for the week of February 25-29. To view the House Calendar for opening week of the 2008 …

Citizens Property Insurance Corporation (“Citizens”) and ICAT Managers, LLC (“ICAT”) today announced that ICAT will continue to issue Citizens’ wind-only commercial nonresidential policies into 2008. Citizens will begin issuing and servicing new commercial nonresidential multi-peril policies internally when its new …

Insurance Journal–Feb. 20, 2008 Florida Insurance Commissioner Kevin McCarty has ordered six workers’ compensation insurance companies to return $4.2 million in what his agency says are excessive profits to their policyholders. By law, workers’ compensation insurers operating in Florida are …

Bradenton Herald–Feb. 21, 2008 Headlines and reports of government leaders and oversight agencies battling the insurance industry, insurance companies on trial for alleged conspiracy and withholding documents, allegations of massive profits by private companies and profiteering on the backs of …

Claims Magazine–Feb. 20, 2008By Eric Gilkey, Managing Editor Citizens Property Insurance Corporation, Florida ’s largest insurer and government-funded insurer of last resort, has cancelled its request for proposals for claim administration services for daily claims. In a posting on its …

Worried that it couldn’t pay for a big hit, state may reduce its fund that aids insurers Herald Tribune–Feb. 21, 2008 TALLAHASSEE This is the first in a series of stories looking at major issues facing the Florida Legislature, which …

Advisers warn weak financial markets may harm any plan. By PAIGE ST. JOHNNYT REGIONAL MEDIA GROUPThe Ledger–Feb. 21, 2008 TALLAHASSEE | Still miffed that their gamble to reduce out-of-control insurance premiums largely failed last year, Florida lawmakers are about to …