Category: Insurance Regulatory News

Citizens Property Insurance Corporation issued the following press release earlier this week regarding the closing of two financial transactions that enabled an increased claims-paying liquidity for its personal and commercial lines accounts. The news generated these headlines:  Citizens issues bonds, lines up …

The Board of Governors (“Board”) of Citizens Property Insurance Corporation (“Citizens”) met on June 27, 2007. The agenda is attached for your review. The highlights of the meeting are as follows: President’s Report • 25,000 new applications are received weekly.• $162 million …

The Florida Workers’ Compensation Joint Underwriters Association (“FWCJUA”) held a Board of Governors meeting on June 29, 2007.  To view the agenda and Board meeting packet, which includes minutes from the previous Board of Governors, Safety Committee and Producer Appeals Committee …

The Florida Office of Insurance Regulation (“OIR”) has scheduled a public hearing for a rate filing submitted by Florida Farm Bureau Casualty Insurance Company and Florida Farm Bureau General Insurance Company on July 10, 2007, at 10:00 a.m. Open to …

Two heavily-debated issues relating to certain insurance ratemaking practices are the subject of recently-published Notices of Rulemaking Hearings by the Florida Office of Insurance Regulation (“OIR”).    Use of credit reports and credit scores The Florida Financial Services Commission (“FSC”), on behalf …

Click on a headline to read the complete story:   Citizens issues bonds, lines up credit TALLAHASSEE, Fla. — Citizens Property Insurance said Tuesday it has lined up $1 billion in credit and closed a deal to issue bonds for …

The Finance and Investment Committee (“Committee”) of Citizens Property Insurance Corporation (“Citizens”) met on June 27, 2007 to discuss general issues of the Committee.  The agenda is attached for your review. The highlights of the meeting are as follows:   …

The Florida Self-Insurers Guaranty Association (“FSIGA”) Board of Directors (“Board”) met on June 26, 2007.  To view the agenda, click here. The highlights of the meeting are as follows:   Legislative Update The Florida Legislature passed Senate Bill 746, relating …

Click on a headline to view the complete story:   Interest groups taking sides in Florida’s ‘no-fault’ insurance fight TALLAHASSEE It’s known as “no fault” and was designed to safeguard motorists hurt in an accident. The down side, say auto …

Tallahassee’s Class of 2007 From the Sun-Sentinel By Linda Kleindienst and Mark Hollis Tallahassee Bureau VIDEO: Find out what these Florida Legislators are known for POLL What grade would you give your legislators? A B C D F PHOTO GALLERY …