Governor Vetoes Medicare Supplement Policy Exemption Bill

Jul 6, 2007

  House Bill 97 Relating to Medicare Supplement Policies by Representative Alan Hayes (R-Umatilla) was vetoed by Governor Crist. The bill would exempt from the Medicare supplement policy those employers of 50 or more eligible employees, if upon termination of eligibility, …

OIR Notice of Rulemaking: Military Sales Practices By Insurers

Jul 5, 2007

The Florida Financial Services Commission, on behalf of the Florida Office of Insurance Regulation (“OIR”) has issued a Notice of Proposed Rulemaking on Rule 690-142.200 relating to military sales practices.  The purpose of the Rulemaking is to set forth standards …

Emergency Rule Allows DFS to Approve Modified Mitigation Form

Jul 5, 2007

The Florida Department of Financial Services (“DFS”), on behalf of the Florida Office of Insurance Regulation (“OIR”) has issued a Notice of Emergency Rule, number 69OER07-3, relating to transition provisions for the use of the Uniform Mitigation and Verification Inspection …

Capitol to Courthouse Headliners: Thursday, July 5

Jul 5, 2007

Click on a headline to read the complete story:   Fla. workers’ comp rates to be halved TALLAHASSEE — (AP) — While Florida business owners may still be struggling with high property insurance costs, another major business expense will go …

Citizens Closes $950 Million Bond Deal; Has $9.4 Billion in Liquidity

Jul 5, 2007

Citizens Property Insurance Corporation issued the following press release earlier this week regarding the closing of two financial transactions that enabled an increased claims-paying liquidity for its personal and commercial lines accounts. The news generated these headlines:  Citizens issues bonds, lines up …