Category: Insurance Regulatory News
May 1, 2009
Local governments would no longer be allowed to charge motorists for crashes under a bill that passed the House Friday and now on its way to the governor. The bill, SB 2282, would prevent cities and counties from imposing fees …
May 1, 2009
Lawmakers have left to the last day for non-budget bills the question of how to respond to a 2008 Supreme Court decision that nullified a fee schedule for lawyers in workers compensation cases. Businesses, fearing higher workers comp insurance rates, …
May 1, 2009
To view a complete story, click on a headline below: Insurance Rate Decision Goes to Senate Vote Today The Senate will vote today on a bill that would allow 15 of the nation’s largest property insurance companies basically to …
May 1, 2009
Bermudian (re)insurer Endurance Specialty Holdings is marketing a collateralised Florida-only sidecar vehicle to provide it with additional reinsurance capacity at the fast-approaching US mid-year renewal season, The Insurance Insider can reveal. The news comes as a number of other (re)insurers …
May 1, 2009
The Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) Board of Governors (“Board”) met via teleconference on May 1, 2009, to review action taken during the most recent FWCJUA Committee meetings. Legislative Update The FWCJUA General Counsel reported on recent …
May 1, 2009
Apr 30, 2009
Florida Deputy Insurance Commissioner for Life and Health Mary Beth Senkewicz testified on Wednesday, April 29, in Washington, D.C., before the United States Senate Special Committee on Aging on the issue of life settlements in the insurance industry. To see …
Apr 30, 2009
Apr 29, 2009
To view a complete story, click on a headline below: Florida Senate, House Seek to Close Property Insurance Legislation Gaps The Florida House and Senate are trying informally to work out differences in bills to address the state’s property …
Apr 29, 2009
Moody’s Investor Service and Standard and Poor’s Rating Service have issued negative outlook rating reports for Citizens Property Insurance Corporation (“Citizens”) and its upcoming issuance of $2.5 billion in Series 2009A and Series 2009A-2 bonds. In its March 30 rating …