Jun 4, 2009
To view a complete story, click on a headline below: Crist likely to veto insurance bill Gov. Charlie Crist said Wednesday he likely will reject legislation allowing large national companies to charge whatever rates they wish for property insurance …
Jun 4, 2009
On Thursday, June 4, 2009, the Florida Office of Insurance Regulation (“OIR”) issued an Order stating its intent to suspend or revoke the Certificate of Authority for Liberty National Life Insurance Company (“Liberty National”) to sell life and health insurance …
Jun 4, 2009
A Message from PILS Chairman Maria Elena Abate, Esq.: The Florida Supreme Court issued a decision today confirming that voluntary sections of the Florida Bar may take ideological positions that could be considered divisive. The Court concluded that, because membership …
Jun 4, 2009
A proposed Model Act relating to auto body damage claims and aftermarket parts and repair, along with proposed airbag fraud legislation will be among the issues scheduled to be discussed at the National Conference of Insurance Legislators (“NCOIL”) Summer Meeting …
Jun 4, 2009
The Term Asset-Backed Securities Loan Facility (TALF) is a funding facility through which the Federal Reserve Bank of New York (“FRBNY”) extends three-year, non-recourse loans to private investors. The loans are collateralized by certain types of consumer- and small …
Jun 4, 2009
Two charts detailing changes to Citizens Property Insurance Corporation (“Citizens”) as a result of successful 2009 property insurance legislation were distributed during the June 2 Citizens Actuarial and Underwriting Committee meeting. To view the documents, click on the hyperlinks below. …
Jun 4, 2009
Citizens Property Insurance Corporation (“Citizens”) Actuarial and Underwriting Committee (“Committee”) met on Tuesday, June 2, 2009. To view the complete meeting agenda, click here. Committee Chairman Earl Horton called the meeting to order, with Committee members Tom Lynch, Amy Padgett, …
Jun 4, 2009
The Florida Title Insurance Study Advisory Council will meet on Thursday, June 4, starting at 9:30 a.m., Room 110 of the Senate Office Building, The Capitol, Tallahassee. The Council will undertake a comprehensive examination of Florida’s title insurance system and …
Jun 3, 2009
To view a complete story, click on a headline below: Citizens Property prepares for higher premiums in Florida Citizens Property Insurance Corp., the state-backed property insurer, says it needs to boost rates for homes, condos and businesses by a …
Jun 3, 2009
Florida Governor Charlie Crist was presented with two insurance-related bills today, June 3, along with 12 other bills. Senate Bill 742 relating to Sinkhole Losses would require the Florida Financial Services Commission to adopt a building code effectiveness grading schedule …