Fla. Startup Insurer In Brawl With CFO Sink

Mar 9, 2009

National Underwriter–March 6,2009 BY DANIEL HAYSNU Online News Service Florida Chief Financial Officer Alex Sink announced she would suspend the license of new startup home insurer Peoples Trust for using call center personnel who were not licensed to sell insurance, …

‘Big one’ could pose bigger problems

Mar 9, 2009

Daytona News-Journal–March 9, 2009 By JIM SAUNDERS Tallahassee Bureau Chief TALLAHASSEE — Already mired in severe budget problems, Florida could face a bigger financial crisis if a major hurricane slams the state this year. A state catastrophe-insurance program is supposed …

Insurance-Related Legislative Committee Meetings: March 9, 10

Mar 9, 2009

  Monday, March 9   Joint Legislative Auditing Committee The Joint Legislative Auditing Committee meets today, March 9, 2009, from 4:00-6:00 p.m. in Room 401, The Capitol, Tallahassee.  Insurance-related agenda items include: Presentation and discussion of the Auditor General Report …

FPCA Homeowners Division Conference Call: Monday, March 9

Mar 8, 2009

Please be advised that the FPCA Homeowners Division has scheduled a conference call for Monday, March 9 at 11:30 a.m. to discuss conducting a study on the impacts of a statewide wind pool. The call-in number and any additional meeting information will …

Lawmakers want State Farm back, at any price

Mar 6, 2009

Insurance commissioner blasted for rejecting 47 percent rate increase Florida Times-Union–March 6, 2009 TALLAHASSEE – Leaders from both parties urged Insurance Commissioner Kevin McCarty to try to bring State Farm Florida back into the property insurance market, and the top …

Senators grill state insurance chief

Mar 6, 2009

Sarasota Herald-Tribune–March 6, 2009 By LLOYD DUNKELBERGER H-T Capital Bureau State Insurance Commissioner Kevin McCarty was sharply questioned by a Senate committee on Thursday over state efforts to shore up its hurricane catastrophe fund. Senate Ways and Means Chairman J.D. …

Fla. Cat Fund Can’t Handle Major Storm, Says McCarty

Mar 6, 2009

National Underwriter–March 6, 2009 BY PHIL GUSMAN The Florida Hurricane Catastrophe Fund could face a significant shortfall if a major storm hits Florida this year, the state’s insurance commissioner told a State Senate committee yesterday. Kevin McCarty, Florida Insurance Commissioner, …