Category: Insurance Regulatory News

The following editorial appeared in The Florida Times-Union (Jacksonville) on April 11, 2010: In the next few weeks, members of the Florida Legislature will have to choose between their heads and their hearts. If they listen to their heads, they …

  In an opinion-style article published today, April 9, 2010, Florida Insurance Commissioner Kevin McCarty proposed “a more measured approach” to address Florida insurance market challenges that includes focusing on underlying problems, such as the cost-drivers he mentioned recently in …

    Above:  Florida Insurance Commissioner Kevin McCarty released an opinion-style article on Florida’s property insurance market on Friday, April 9.  To view the article, click here.   Following is a recap of insurance-related legislative and regulatory events during the week of April …

    To view a complete story, click on a headline below:   Citizens Property Insurance Corporation Closes $2.4 Billion Bond Sale – Strong Liquidity Program in Place as 2010 Hurricane Season Approaches Citizens Property Insurance Corporation announces that it …

The following news release was issued by Governor Charlie Crist’s office on April 9, 2010: FOR IMMEDIATE RELEASE APRIL 9, 2010 CONTACT:  GOVERNOR’S PRESS OFFICE (850) 488-5394 TALLAHASSEE – Governor Charlie Crist today encouraged Floridians to learn how to receive …

The following news release was issued by Florida Governor Charlie Crist’s office on April 9, 2010:   TALLAHASSEE – Governor Charlie Crist today encouraged Floridians to learn how to receive an ENERGY STAR appliance rebate by visiting www.rebates.com/florida.  Beginning one week from …

Cease and desist orders for selling unauthorized surety insurance were issued to two separate companies today, April 9, 2010, by the Florida Office of Insurance Regulation (“OIR”). An OIR press release that includes hyperlinks to the orders is reprinted below.   Should you have …

Following is a listing of insurance-related Florida legislative and regulatory events for the week of April 12-16, 2010: Note:  All times are Eastern Standard Time.  Additional information is available via hyperlink were noted in bold type.   FLORIDA INSURANCE LEGISLATIVE EVENTS To …

Citizens Property Insurance Corporation (“Citizens”) announced that it closed on a $2.4 billion dollar bond sale for its High-Risk Account on April 6, 2010.   Citizens expects to have approximately $14 billion in readily available cash resources to pay any 2010 …

    To view a complete story, click on a headline below:   Florida regulators: Miami insurance company insolvent State regulators have declared Miami-based Northern Capital Insurance Co. to be insolvent and they’ve urged its 74,000 customers to seek new …