OIR Cancels Hearings

Oct 10, 2007

The Florida Office of Insurance Regulation (“OIR”) has cancelled the public rate hearings scheduled for American Southern Home Insurance Company on October 11, 2007; St. John’s Insurance Company, Inc. on November 1, 2007; and State Farm Florida Insurance Company, State …

Notice of Upcoming Meetings

Oct 10, 2007

Please be advised of the following upcoming meetings: Florida Workers Compensation Joint Underwriting Association (“FWCJUA”) October 15, 2007 at 10 a.m. via teleconference Florida Hurricane Catastrophe Fund (“FHCF”) October 16, 2007 at 1 p.m. in Tallahassee, Florida (dial-in option available) …

Capitol to Courthouse Headliners: Tuesday, Oct. 9

Oct 9, 2007

Click on a headline to read the complete story:   Sink wants Cabinet, not lawmakers, to decide CAT fund rates TALLAHASSEE, Fla. — Chief Financial Officer Alex Sink wants lawmakers to turn over some control of the state’s backup hurricane …

Citizens Releases Its 2008 Calendar For Depopulations

Oct 9, 2007

Citizens Property Insurance Corporation (“Citizens”) has released its 2008 Calendar for Depopulations.  As in the past, specific deadlines exist in order for a carrier to participate in a Citizens take-out.  These deadlines are based upon the ultimate assumption date proposed …

Recap – OIR Rate Hearing on Companion Property & Casualty

Oct 9, 2007

  On Tuesday, October 9, 2007, the Office of Insurance Regulation (“OIR”) held a rate hearing in Tallahassee, Florida, for Companion Property and Casualty Insurance Company, Inc. (“Companion”).  Mike Milnes, OIR Deputy Director of Property and Casualty Product Development, presided …

CFO Sink’s Cat Fund Reform Proposal

Oct 9, 2007

We previously provided information pertaining to Chief Financial Officer Alex Sink’s (“CFO”) press conference earlier today, regarding her Florida Hurricane Catastrophe Fund (“FHCF”) Reform Proposal. For your review, included with this e-mail is a copy of the specific terms of that Proposal.   …

Final 2007-2008 Budget Conference Reports Released

Oct 9, 2007

The Senate Budget Conference Committee has released the final budget conference reports for SB 0002C, Relating to Special Appropriations and SB 0004C, Relating to Special Appropriations Implementing Bill. Pursuant to the Florida Constitution, there must be a seventy-two (72) hour …

CFO Sink Outlines FHCF Restructuring Plan

Oct 9, 2007

Florida’s Chief Financial Officer, Alex Sink, today held a press conference at which she announced her plan to reform the Florida Hurricane Catastrophe Fund (“FHCF”) by moving its management to be under the oversight of the Governor and Cabinet.  The plan would …

NCCI Rate Hearing Recap

Oct 9, 2007

On Monday, October 8, 2007, this office attended a public hearing held by the Florida Office of Insurance Regulation (“OIR”) regarding the National Council on Compensation Insurance (“NCCI”) Workers’ Compensation Insurance Rate Filing.  Both supporting and opposing public testimony was …