Category: Insurance Regulatory News

The Florida Chamber of Commerce issued this news release on April 15, 2010. (Tallahassee, Fl.) – The Florida Chamber of Commerce announced today that it is pushing for Florida to double its exports in the next six years. The announcement …

Readtions Manazine published this article on April 14, 2010. The National Flood Insurance Programme’s (NFIP) reauthorisation, embedded in HR 4851, the Continuing Extension Act of 2010, remains stalled in the Senate. Read more: [NFIP] [Senate] [National Flood Insurance Programme] [Continuing …

    To view a complete story, click on a headline below:   State-backed Citizens Insurance says it could weather up to $14 billion hurricane State-backed property insurer Citizens Insurance is flush with cash and can weather a 25-year storm, …

The Florida Hurricane Catastrophe Fund (“FHCF”) released its fiscal year 2008-2009 annual report on April 14, 2010. The report includes summaries of the year’s operational activities and pertinent legislative and rulemaking events, as well as a copy of the FHCF’s audited financial statements. To view …

  Reacting to recent allegations by critics that insurers may be hiding profits by shifting cash to affiliated service providers, a group of state insurance commissioners last week considered – but then rejected – a proposed standard that would have …

    To view a complete story, click on a headline below:   Florida TaxWatch: The Legislature must act on Florida’s hurricane liability While we can repair the damage following storms that may make landfall in Florida this upcoming hurricane …

  Photo:  State Representative Ellyn Bogdanoff (above) is the lead Florida House of Representatives negotiator on Senate Bill 1752, the large economic development package passed unanimously by the Senate on March 25.  Bill sponsor Senator Don Gaetz represents the Senate on this …

    To view a complete story, click on a headline below:   Florida Insurance Commissioner Kevin McCarty:  Facts Should Guide Insurance Debate The 2010 Legislative Sessions has featured numerous bills purporting to “fix” the insurance marketplace.   Head or …

  In an Informational Bulletin issued today, April 12, 2010, the Florida Office of Insurance Regulation (“OIR”) urged property insurers to carefully analyze their reinsurance and risk transfer programs.  The OIR noted that, while it is not requiring the purchase …

The following commentary appeared in the Orlando Sentinel on April 10, 2010: By Mike Thomas   The water is warm, the upper atmosphere is calming, and so the hurricanes are predicted to howl this season. If we get hit hard, …