May 26, 2009
Last week, U.S. Representative Ron Klein (D-Florida District 22) introduced House Resolution 2555, which is also known as the “Homeowners’ Defense Act of 2009.” Among the bill’s 43 co-sponsors are the following U.S. Representatives from Florida: Thomas J. Rooney (R-16) …
May 26, 2009
The National Association of Insurance Commissioners (“NAIC”) Annuity Disclosure Working Group meeting scheduled for Thursday, May 28, has been canceled. Information on rescheduled meetings will be distributed as it becomes available. Should you have any questions or comments, please …
May 22, 2009
Florida State Board of Administration Director of Bond Finance J. Ben Watkins testified yesterday, May 21, 2009, at a U.S. House Financial Services Committee hearing that, inclusive of the Florida Hurricane Catastrophe Fund, the State currently has approximately $25 billion in outstanding …
May 22, 2009
Florida Governor Charlie Crist declared a State of Emergency today, May 22, due to severe storms and flooding in the State counties of Brevard, Clay, Duval, Flagler, Lake, Nassau, Orange, Putnam, Seminole, St. Johns and Volusia. The Governor’s Executive Order …
May 22, 2009
As you are aware, Demotech Inc. has been in the process of revising or confirming its Financial Stability Ratings for its rated Florida companies based on issues related to the liquidity of the Florida Hurricane Catastrophe Fund. Should you receive …
May 22, 2009
To view a complete story, click on a headline below: New federal legislation would give South Florida homeowners an insurance break Policy holders would get relief, have more options South Florida homeowners could get a break from soaring property …
May 22, 2009
The National Association of Insurance Commissioners (“NAIC”) Suitability of Annuity Sales Working Group issued discussion drafts on annuity insurance producer training and suitability information exceptions, and requests comment by Monday, June 8. The discussion drafts, which are attached, reference the …
May 22, 2009
Tuesday, May 26 OIR Rule Hearing The Florida Department of Financial Services, Office of Insurance Regulation (“OIR”) has issued a Notice of Rulemaking Development regarding the following Rule relating to insurer claims reporting requirements: 69O-142.015: Standardized Requirements Applicable …
May 22, 2009
UPDTAED MAY 22, 2009 About TALF The Federal Reserve Board on November 25, 2008 announced the creation of the Term Asset-Backed Securities Loan Facility (TALF), a facility that will help market participants meet the credit needs of households and small …
Demotech, Inc. Releases Financial Stability Ratings for Florida Property Insurance Companies: May 21
May 22, 2009
As part of its ongoing review and analysis of Florida’s property and casualty insurance market, Demotech, Inc. released the attached Financial Stability Ratings for Florida property insurance companies on Thursday, May 21, 2009. Should you have any questions or …