Category: Insurance Regulatory News
May 20, 2009
To view a complete story, click on a headline below: Fitch Advises Florida Insurance Market Remains ‘Fragile’ Fitch Ratings agency is advising that the Florida property insurance market is “fragile” and remains a “peak risk zone.” Sen. Garrett …
May 20, 2009
The following article, dated May 20, 2009, was re-printed from Reactions Magazine. Bonds “only a partial solution” to FHCF shortfall The shortfall in available funding for the Florida Hurricane Catastrophe Fund (FCHF) has raised concerns that it may not be …
May 20, 2009
Colodny Fass Shareholder Maria Abate held a press conference May 20, 2009, regarding a lawsuit filed on behalf of a Hialeah mother who claims a now defunct group home gave her son a cocktail of psychiatric drugs, which led to his …
May 19, 2009
The Florida Department of Financial Services (“DFS”), Division of Agent and Agency Services has issued a Notice of Proposed Rulemaking regarding the following Rule: 69B-162.011: Suitability and Disclosure in Annuity Contracts-Forms Required The proposed Rule would adopt an Annuity Suitability …
May 19, 2009
To view a complete story, click on a headline below: National Federation of Independent Business: New workers comp bill will help Florida businesses Business owners are watching Gov. Crist’s bill-signing pen more closely than his senatorial campaign, awaiting his …
May 18, 2009
Today, May 18, 2009, the Florida Hurricane Catastrophe Fund (“FHCF”) held a hearing on proposed Rule 19-8.028, entitled Reimbursement Premium Formula. The purpose of the Rule is to adopt the Premium Formula to determine the Actuarially Indicated Reimbursement Premium, to …
May 18, 2009
To view a complete story, click on a headline below: Legislation could mean big changes to insurance in Florida Proposals would allow private firms and state-run Citizens Property Insurance Corp. to raise rates Maybe Don Brown’s hollering in the …
May 18, 2009
Michael Young, Senior Director of Mitigation and Regulatory Affairs for Risk Management Solutions, Inc. (“RMS”), has provided the attached RMS Special Report entitled “Analyzing the Effects of the My Safe Florida Home Program on Florida Insurance Risk,” which was issued …
May 15, 2009
To view a complete story, click on a headline below: Florida drought creates state of emergency Gov. Charlie Crist declared a statewide state of emergency Thursday because of extreme drought conditions in central Florida that have made the area …
May 15, 2009
On Thursday, May 14, representatives from the Florida Association of Insurance Agents (“FAIA”) and Consumer Federation of the Southeast held a conference call and press conference on the Florida insurance market and 2009 legislative developments. FAIA President Jeff Grady opened …