Senator Bill Nelson’s Opposing view: Spread the risk

Nov 12, 2007

USA Today, 11/12/2007 By Bill Nelson It suddenly appears Congress may create a national catastrophe-assistance program to brace millions of homeowners against natural disasters – and disastrous insurance rates. The House, by a 258-155 vote, has passed a plan by …

Reinsurers Blast Federal Disaster Backup Plan Advancing in Congress

Nov 12, 2007

November 12, 2007 The nation’s reinsurance industry is criticizing Congressional natural disaster legislation as raising false hopes about addressing the homeowners insurance market in areas prone to hurricanes, at the expense of U.S. taxpayers and disenfranchising the private marketplace. The …

House Passes Klein-Mahoney Homeowners Insurance Bill

Nov 11, 2007

As Issued from the U.S. House Financial Services Committee Legislation Eliminates Federal Bailouts and Provide Property Owners Relief by Increasing Acess and Lowering Insurance Rates     Washington, DC – Historic legislation authored by U.S. Reps. Ron Klein (FL-22) and Tim Mahoney …

OIR To Hold Public Rate Hearing For Allstate Companies

Nov 11, 2007

  The following media advisory was issued by the Florida Office of Insurance Regulation (“OIR”): ———————————————————————————   -FROM THE FLORIDA OFFICE OF INSURANCE REGULATION MEDIA ADVISORYNov. 9, 2007 WHAT:  PUBLIC RATE HEARING SCHEDULED FOR ALLSTATE COMPANIES – Allstate Floridian Indemnity, …

House Committees Meet Nov 5-7; Senate Cancels Same

Nov 11, 2007

  The Florida House of Representatives held limited Committee hearings during the week of November 5, 2007, while the Florida Senate canceled its Committee hearings, inasmuch as the Legislature recently completed two Special Sessions, one regarding the budget and another …

NAIC Commends Passage Of Homeowners’ Defense Act Of 2007

Nov 11, 2007

  The National Association of Insurance Commissioners issued the following press release regarding this week’s passage of the Homeowners’ Defense Act of 2007 by the United States House of Representatives:   —————————————————————————–   KANSAS CITY, Mo. (Nov. 9, 2007) — The National …

Insurance Regulatory Update: November 2007 At-A-Glance

Nov 11, 2007

  For your review, the following is a revised schedule of upcoming events:   Tuesday 11/13/07 • 12:30 p.m. National Association of Insurance Commissioners Risk Retention Group (E) Task Force Teleconference • 2:00 p.m. – Florida Automobile Joint Underwriting Association …

Colodny Fass Attorneys Featured in AM Best National Podcast

Nov 9, 2007

   Above:  Maria Elena Abate (left) and Amy Koltnow (right) Colodny Fass attorneys Maria Elena Abate and Amy Koltnow were recently featured on AM Best’s latest national podcast, entitled “An Important Supreme Court Decision Favoring Major Insurance Companies.” AM Best …