Category: Insurance Regulatory News

By KATHLEEN HAUGHNEY THE NEWS SERVICE OF FLORIDA THE CAPITAL, TALLAHASSEE, March 25, 2009 — Two Florida lawmakers promoted a program Wednesday that would require universities to bill students’ private health insurance companies rather than charging them separate fees each …

The business-pushed measure that seeks to reinstate the cap on workers’ compensation lawyers fees is in Senate Banking and Insurance on Wednesday. The fee schedule for workers’ comp lawyers was thrown out by the Supreme Court in October. The measure …

  To view a complete story, click on a headline below:   Sen. Nelson Seeks U.S. Help on Florida Hurricane Losses U.S. Sen. Bill Nelson has asked the U.S. Treasury to provide assurances to private market lenders that any loans …

Insurance-Journal–March 25, 2009 U.S. Sen. Bill Nelson has asked the U.S. Treasury to provide assurances to private market lenders that any loans they make in Florida would be repaid at fair market interest in the event of a catastrophe. Nelson, …

In a March 24, 2009 letter to State Farm Florida, the Florida Office of Insurance Regulation (“OIR”) has denied the insurer’s March 6 petition for an administrative hearing because it “fails to set forth with sufficient particularity ‘all disputed issues …

Orlando Sentinel–March 25, 2009 Aaron Deslatte Tallahassee Bureau CFO Alex Sink has angrily accused DeLand Rep. Pat Patterson of bottling up a bill meant to increase the penalties for unscrupulous insurance agents who bilk seniors out of their life savings. …

The state would take on storm risks under a new plan. By Brandon Larrabee The Florida Times-Union–March 25, 2009 TALLAHASSEE – The state would take over all hurricane insurance in Florida while at the same time dismantling its property insurance …

  Insurance-Related Legislative Committee Meetings:  Thursday, March 26   Florida Senate Committee on Education Pre-K-12  The Florida Senate Committee on Education Pre-K-12 will meet on Thursday, March 26, 8:30-10:30 a.m., Room 301 of the Senate Office Building, The Capitol, Tallahassee.  …

The Florida Commission on Hurricane Loss Projection Methodology (“Commission”) met in Tallahassee on Thursday, March 19, 2009, to address potential issues and deficiencies in recent hurricane loss projection model submissions made under the 2008 standards.  Concerns that were previously identified …

To view a complete story, click on a headline below:   Sen. Bill Nelson moves to sustain Florida catastrophic hurricane fund Warning that “the big one is going to hit” inevitably, U.S. Sen. Bill Nelson called for federal loan guarantees …