Jan 8, 2009
NAIC Catastrophe Modeling Subgroup Meeting The National Association of Insurance Commissioners (“NAIC”) will hold a Catastrophe Modeling Subgroup meeting on Thursday, January 8, starting at 11:00 a.m. (EST) via teleconference. The registration call-in number is: 412.317.6715.
Jan 7, 2009
To view a complete story, click on a headline below: Citizens should hike insurance rates, task force says Citizens Property Insurance should be allowed to end its three-year rate freeze and start aggressively hiking homeowner insurance rates as …
Jan 7, 2009
The Senate General Government Appropriations Committee, chaired by Senator Carey Baker, evaluated three insurance-related proposals in the context of budget-related bills on Wednesday, January 7 as part of the Special Session on Florida’s budget currently in progress. Senate Bill 28-A Committee Substitute …
Jan 7, 2009
The National Association of Insurance Commissioners (“NAIC”) Capital & Surplus Relief Working Group met on January 2, 2009 to hear a status report concerning comments received related to the American Council of Life Insurers’ (“ACLI”) November 11, 2008 recommendations for …
Jan 7, 2009
The Florida Office of Insurance Regulation (“OIR”) released the 2008 Workers’ Compensation Annual Report on the state of the workers’ compensation insurance market today, January 7, 2009. The request for an 18.6 percent rate increase over two years by the …
Jan 7, 2009
Insurance-Related Florida Legislative Committee Meetings for the Week of January 12-16 Tuesday, January 13 House Insurance, Business and Financial Affairs Policy Committee (MEMBERS: Representative Patterson, Chair; Representative Hays, Vice Chair; Representatives Taylor, Abruzzo, Domino, Fresen, Homan, Jenne, …
Jan 7, 2009
South Florida Business Journal–January 6, 2009 by Brian Bandell First Southern Bank has become the first South Florida-based bank to receive preliminary approval to receive money from the federal Troubled Assets Relief Program (TARP). The Boca Raton bank said Tuesday …
Jan 7, 2009
On Monday, January 5, 2009, the Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) held an Investment Committee (“Committee”) meeting to review its investment policy for compliance and investment policy procedures. Among those in attendance were: Committee Chairman Fred Bennett, Committee …
Jan 7, 2009
A state task force Tuesday will consider ways to shrink Citizens Property Insurance and reduce its exposure to windstorm risk. BY BEATRICE E. GARCIA Miami Herald–January 6, 2009 Rate hikes for Citizens Property Insurance policyholders could be capped, and Citizens …
Jan 7, 2009
St. Petersburg Times–Tuesday, January 6, 2009 By Jeff Harrington, Times Staff Writer A billion-dollar auction-rate securities nightmare continues to haunt St. Petersburg’s Raymond James Financial. While larger institutions like Bank of America are placating regulators and investors by buying back …