Mar 25, 2009
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, …
Mar 25, 2009
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 …
Mar 25, 2009
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. …
Mar 25, 2009
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 …
Mar 25, 2009
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. …
Mar 25, 2009
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 …
Mar 25, 2009
CS/CS/CS/HB 419 relating to Condominiums by the House Insurance, Business and Financial Affairs Policy Committee passed the House Criminal and Civil Justice Policy Council on Tuesday, March 24, 2009, by 11(Y)-1(N). The bill, which passed with an amendment by State …
Mar 24, 2009
In an unaudited study commissioned by the Florida-based “Shield Our State” Coalition, Pinnacle Actuarial Resources (“Pinnacle”), an actuarial and management consulting firm, proposes mandatory insurer participation in a public/private “Florida Statewide Hurricane Pool” (“FSHP”). The “Shield Our State” coalition is spearheaded …
Mar 24, 2009
To view a complete story, click on a headline below: Tanking property values may halt new Broward schools construction Throw the Broward school district’s five-year construction and technology plan out the window, district financial staff told School Board …
Mar 24, 2009
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 …