Category: Insurance Regulatory News

This article appeared in The Sarasota Herald-Tribune on April 3, 2010: By Aaron Kessler The U.S. Consumer Product Safety Commission released its long-awaited guidance Friday for how to deal with homes affected by contaminated Chinese drywall, saying the product represented …

On April 1, 2010, the Florida Office of Insurance Regulation (“OIR”) issued an Order amending certain previously issued Consent Orders with respect to insurers’ obligations when assuming policies from Citizens Property Insurance Corporation (“Citizens”).  Specifically, all Consent Orders relating to …

This editorial appeared in the Tallahassee Democrat on April 6, 2010: Lawmakers seem increasingly prepared, and so they should be, to challenge Gov. Charlie Crist’s threat to once again veto legislation that would open up the property insurance market — …

  Loss model submissions received under the Florida Commission on Hurricane Loss Projection Methodology (“Commission”) standards and acceptability process for 2009 will be reviewed during a teleconference scheduled for April 15, 2010 from 1:00 p.m. to 5:00 p.m. (EST). A Colodny …

To view a complete story, click on a headline below:   Tax Watch: Florida One Hurricane Away From Financial Ruin Florida is one major hurricane from financial ruin, insurance companies need more freedom to raise rates, and lawmakers need to …

The Investment Committee (“Committee”) of the Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”), which met Friday, April 2, initiated plans to solicit bids from software companies offering computer programs to help the FWCJUA manage its investment portfolio. At the meeting, …

  The following editorial appeared in The Tampa Tribune on April 5, 2010:   Property insurance in Florida, as Rep. Bill Proctor of St. Augustine says, is a house of cards. One major storm would blow it all away and …

This article appeared in the Miami Herald on April 4, 2010:   When it comes to storm-surge damage, South Florida has more at risk than any other place in the country. A new study puts it at $53.6 billion. BY …

Following is a listing of insurance-related Florida legislative and regulatory events for the week of April 5-9, 2010: Note:  All times are Eastern Standard Time.  Additional information is available via hyperlink were noted in bold type.   FLORIDA INSURANCE LEGISLATIVE EVENTS To …

  Above:  House Speaker Larry Cretul, R-Ocala, and Speaker pro tempore Ron Reagan, R-Sarasota, right, are dwarfed by the debate clock screen above their heads on the House floor. The new timer clock shows members the remaining time for each …