Category: Insurance Regulatory News

To view a complete story, click on a headline below: Blog: State Farm fights Florida’s conditions for it to leave the state State Farm Florida asked Florida Insurance Commissioner Kevin McCarty for a hearing this week to fight his office’s …

By request of the Florida Department of Financial Services, Risk Management Solutions (“RMS”) has conducted an impact analysis of the My Safe Florida Home (“MSFH”) program. The RMS® U.S. Hurricane Model was used to analyze the impact of the program on …

  The Florida Automobile Joint Underwriting Association Board (“FAJUA”) of Governors (“Board”) met on Tuesday, April 14, 2009, in Miami.  Chairman Michael Puchades opened the meeting with an introduction of new member Stephen Hylka, of Liberty Mutual. General Manager’s Report …

To view a complete story, click on a headline below: New plan woos big insurers Less than three months after State Farm, the state’s largest private property insurer, announced it was abandoning the Florida market, legislators are trying to woo …

The Florida Department of Financial Services (“DFS”) has advised that its Civil Remedy Notice of Insurer Violations web application has been modified to include a new “Comments” function.  This function replaces the “outcome pick list” previously used by insurers to …

The Florida Cabinet met on Tuesday, April 14, 2009, during which Florida State Board of Administration (“SBA”) Executive Director Ash Williams presented items relating to the Florida Hurricane Catastrophe Fund (“FHCF”).  To view the complete meeting agenda, click here. Below is …

The Florida Automobile Joint Underwriting Association (“FAJUA”) held its Annual Meeting in Miami on Tuesday, April 14, 2009. There were 138 members present, either in person or by proxy, thus establishing a quorum. FAJUA General Manager Eugenia Tyus presented a …

The Florida Automobile Joint Underwriting Association (“FAJUA”) Finance Committee (“Committee”) met in Miami on Monday, April 13, 2009. Report on Investments Committee Chairman Kevin Leeman reported that Florida’s Special Purpose Investment Account (“SPIA”), a highly liquid, government-pooled account in which …

By KATHLEEN HAUGHNEY THE NEWS SERVICE OF FLORIDA THE CAPITAL, TALLAHASSEE, April 13, 2009… A politically sensitive game of football has left county clerks’ offices waiting to see who will be in control of their budgets, how much money they …

The Florida Cabinet meets today, April 14, 2009, at 9:30 a.m. in The Capitol.  As part of the agenda, the Florida State Board of Administration (“SBA”) will request authorization for the Florida Hurricane Catastrophe Fund (“FHCF”) to purchase certain financial …