Red Cross says disaster fund is broke

Sep 4, 2008

Treasure Coast Palm–September 3, 2008 By Monique Mattiace STUART — American Red Cross officials said their national disaster fund is broke, and they’re asking for help to pay for relief activities in the wake of this season’s storms. Red Cross …

Capitol to Courthouse Headliners: Thursday, September 4

Sep 4, 2008

To view a complete story, click on a headline below: Homeowners Choice Announces Florida Regulatory Authorization to Increase Its Citizens Policies to 95,000 from 30,000 Homeowners Choice, Inc. (HCIIU), a Florida-based provider of homeowners insurance, today announced that its wholly-owned …

Alerts Issued on Surplus Lines Reform Bill

Sep 4, 2008

Legislative alerts on United States Senate Bill 929, also known as the “Nonadmitted and Reinsurance Reform Act of 2007,” along with a suggested sample letter of support for the bill have been issued today by the American Association of Managing General …

OIR Approves Citizens’ 1.4% Emergency Assessment Fee

Sep 4, 2008

The Florida Office of Insurance Regulation (“OIR”) has approved an emergency assessment fee of 1.4 percent for all new and renewal Citizens Property Insurance Corporation (“Citizens”) surplus lines policies with an effective date of December 15, 2008. The assessment period …

Florida Office of Insurance Regulation Rule Development Workshop

Sep 4, 2008

> Florida Office of Insurance Regulation Rule Development Workshop The Florida Department of Financial Services, Office of Insurance Regulation has issued Notices of Development of Rulemaking (69O-137.001, 69O-138.001) regarding the following Rules: 69O-137.001: Annual and Quarterly Reporting Requirements 69O-138.001: NAIC …

NAIC Rule Hearing

Sep 4, 2008

> The Florida Department of Financial Services, Office of Insurance Regulation has scheduled a Rule Development Workshop for September 4 at 9:30 a.m. in Room 142 of the Larson Building, 200 East Gaines Street, Tallahassee, Florida. The following proposed Rules …

GOP touts disaster insurance

Sep 3, 2008

Republicans gave a nod to Florida in their party platform, calling for a national catastrophe insurance fund.Miami Herald–September 03, 2008 ST. PAUL — With a string of tropical depressions threatening to batter Florida, Republicans pointed with pride Tuesday to a …

Where the parties stand on catastrophe insurance

Sep 3, 2008

Miami Herald–September 03, 2008 Both party platforms call for addressing the rising cost and availability of catastrophe insurance, but they take different approaches. From the Democratic Party platform: “We will also work to prevent future catastrophic response failures, whether the …