Category: Insurance Regulatory News
Mar 11, 2009
The Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) Board of Governors (“Board”) held a meeting on Tuesday, March 10, 2009. The Board approved the minutes from the following meetings: December 9, 2008, Annual Membership Meeting December 9, 2008, Board of …
Mar 11, 2009
To view a complete story, click on a headline below: Citizens Property Insurance to sell $2.5 billion of bonds Florida‘s state-run property insurer plans to begin selling $2.5 billion of bonds next month to raise funds for claims …
Mar 11, 2009
On Tuesday, March 10, 2009, Citizens Property Insurance Corporation (“Citizens”) Board of Governors (“Board”) met to approve documents for the proposed issuance of up to $2.5 billion in High-Risk Account Series 2009 Bonds (“HRA 2009 Bonds”). To view the meeting …
Mar 11, 2009
As part of the Florida State Board of Administration (“SBA”) agenda during the March 10, 2009 Florida Cabinet meeting, Florida Hurricane Catastrophe Fund (“FHCF”) financial advisor John Forney provided an overview of the current FHCF status in relation to financial …
Mar 11, 2009
Tampa Tribune–March 11, 2009 By CATHERINE DOLINSKI The property insurance merry-go-round continues as Florida’s leaders struggle to balance the cost of homeownership against financial pressures on the state. With hurricane season only a few months off, state officials are searching …
Mar 11, 2009
Insurance Journal–March 11, 2009 Surplus lines insurance industry leaders in Florida hope legislation working its way through the state Legislature will clarify how the industry will be regulated. The industry has had concerns about its future since court decisions last …
Mar 10, 2009
A Senate panel on Tuesday approved a proposed constitutional amendment to limit state and local revenue increases unless voters approve. The measure (SJR 1906) passed the Senate Community Affairs Committee but not before representatives from cities, counties, school districts, firefighters …
Mar 10, 2009
Despite the ongoing credit crunch, Florida has been able to sell four series of bonds worth $775 million since January, Ben Watkins, the director of the State Division of Bond Finance told Gov. Charlie Crist and members of the Cabinet …
Mar 10, 2009
Former Miami Heat basketball player Alonzo Mourning is in the Capitol today, pushing for legislation that would allow kidney failure patients access to additional insurance. The legislation (SB 1022, HB 675), sponsored by Sen. Thad Altman, R-Melbourne, and Rep. Ritch …
Mar 10, 2009
The House’s insurance committee overwhelmingly approved on Tuesday a bill aimed at reversing a Supreme Court decision that removed a cap on lawyers fees in workers compensation cases, though with neither side in the argument happy with the current bill, …