Jun 1, 2010
Citing its potential to expedite rate increases and its “troubling” changes to the application of wind mitigation discounts, Florida Governor Charlie Crist Vetoed Senate Bill 2044 today, June 1, 2010. The Governor’s veto transmittal letter is attached for review. …
Jun 1, 2010
To view a complete story, click on a headline below: To save school funding, Crist vetoes raid of transportation money Governor explains: “We should not have to choose between jobs for Floridians or funding for our children’s education” Gov. …
Jun 1, 2010
To view a complete story, click on a headline below: Florida Reinsurance Prices Decline 10-12% at Renewal: Guy Carpenter Reinsurance pricing at the June 1, 2010 Florida renewal are down by 10 percent to 12 percent on average, on a …
Hartford: 63 Percent Florida Rate Increase Needed for Actuarial Soundness; Only 25 Percent Requested
Jun 1, 2010
The Florida Office of Insurance Regulation (“OIR”) held a public rate hearing today, June 1, 2010 on the recent homeowners insurance rate filing by the Hartford Insurance Company of the Midwest (“Hartford”). To view the agenda, click here. OIR …
Jun 1, 2010
Media coverage of Florida Governor Charlie Crist’s veto of SB 2044, an omnibus property insurance package, is reprinted below. To jump to a complete article, click on a link in the following list: William Stander of PCI–Fixing the Florida Insurance Marketplace: …
Jun 1, 2010
The Florida Insurance Consumer Advocate published the following article in the May 28, 2010 issue of Florida Chief Financial Officer Alex Sink’s “Consumer e-Views” newsletter: In a continuing effort to make sure consumers are prepared for this hurricane season, the Office of …
Jun 1, 2010
National Underwriter Magazine May 31, 2010 By MARK E. RUQUET Palm Desert, Calif. Officials with the American Association of Managing General Agents expressed confidence that few, if any changes would be made in the surplus lines elements of financial …
May 28, 2010
Citing HB 5603’s potential to create “unintended consequences for injured workers, Florida Governor Charlie Crist vetoed the measure today, May 28, 2010, even though the bill was supported by Florida Chief Financial Officer Alex Sink because of its cost-cutting …
May 28, 2010
To view a complete story, click on a headline below: Citizens says losses rose 34 percent over previous year Citizens Property Insurance Corp. reported that losses rose 34 percent over a year ago, due largely to sinkhole claims from both …
May 28, 2010
Florida Governor Charlie Crist signed the State’s $70-billion 2010-11 budget today, May 28, 2010. The news release below from the Office of the Governor provides additional details on the budget components. Should you have any questions or comments, please contact Tracy …