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Florida News and Information

Florida: Legislative Session Ends

The Florida Legislature adjourned Friday after a hectic week of last minute wrangling and finagling. (Posted: 5/6/2008)

NAMIC: Florida Omnibus Insurance Bill Still ‘Fraught with Problems’

Legislation designed to crack down on the insurance industry is not in the best interests of consumers, according to NAMIC. (Posted: 5/1/2008)

Florida: Last Week of Session Should be Photo Finish

Behind-the-scenes negotiations are continuing on the market-gutting omnibus property insurance package that passed the Senate. (Posted: 4/29/2008)

Proposed Florida Rule to Waive Reinsurers’ Collateral Requirements is ‘an Experiment’ that will Threaten Solvency, NAMIC Tells OIR

A proposed rule to allow alien reinsurers to pay reduced collateral amounts would likely create hardships for Florida insurance consumers and companies, according to NAMIC. (Posted: 4/29/2008)

Florida: NAMIC Opposes Rule to Waive Alien Reinsurers’ Collateral Requirements

Liz Reynolds, NAMIC's Southeastern state affairs manager, testified this morning against the Florida Office of Insurance Regulation proposed rule to allow a reduction in the amount of collateral required of alien reinsurers. (Posted: 4/29/2008)

Florida: House, Senate at Table on Punitive Insurance Package

Negotiations between the House and Senate are underway on Florida SB 2860, the omnibus insurance package full of punitive industry provisions. (Posted: 4/22/2008)

NAMIC: Punitive Insurance Bill Passed by Florida Senate Will Hurt Consumers

NAMIC said on Wednesday that legislation going to the Florida House of Representatives would curtail competition and dissuade new insurers from entering the marketplace. (Posted: 4/16/2008)

Florida: Senate Insurance Package Toned Down but Remains Extremely Punitive for Industry

The Florida Senate insurance package, much of which is the result of information gathered by the Select Committee on Property Insurance Accountability during “inquisition-like” hearings held earlier this year, was hotly debated April 10 on the Senate floor. (Posted: 4/15/2008)

Florida: Cat Fund Reduction Approved by Second Senate Committee

The Florida Senate Government Operations Committee has amended and approved Chief Financial Officer Alex Sink’s package to reduce the Florida Hurricane Catastrophe Fund. (Posted: 4/8/2008)

Florida: Property Insurance Divide Between House and Senate Becoming a Chasm

Week 4 of the 2008 Florida legislative session was a busy one for insurance industry representatives. The House Insurance Committee kicked things off Monday with a spirited workshop on Citizens and a great deal of discussion about the state-run insurer’s unsound rate level and its likely inability to raise the funds necessary to pay claims in the event of a mega-storm. (Posted: 4/1/2008)

Fitch Comments on Florida Homeowners Insurance Market; NAMIC Comments (3/25/2008)

Florida: ‘Non-assessable’ Commercial Policies Discussed; PIP Fraud Penalties Could Increase (3/25/2008)

Florida: Senate Select Committee Recommendations Dash Hopes for Solvency Considerations (3/18/2008)

2008 State-by-state Rankings Released of the Best and Worst Tort Systems in America (3/12/2008)

Florida: Legislature Convenes Regular Session (3/11/2008)

Florida: Use of Credit-Based Insurance Scoring Again Debated (2/26/2008)

Florida: Senate Select Committee Gets Lesson in Reinsurance, Cat Modeling (2/26/2008)

Florida: CFO Proposes Cat Fund Reduction (2/26/2008)

Study: Increased Hurricane Losses Due to More People, Wealth Along Coastlines, Not Stronger Storms (2/22/2008)

Report: States Better Prepared for Emergencies (2/21/2008)

Florida Insurance Commissioner Orders Workers’ Compensation Insurance Companies to Refund Millions in Excess Profits (2/20/2008)

Report: Most States Earn Average Grades in Highway Safety (2/20/2008)

Florida: Senate Committee Discusses Public Records Exemption for Credit Scoring Methodologies; House Committee Considers Reducing Cat Fund Exposure (2/12/2008)

Florida: First Day of Senate Hearing Runs the Gamut (2/5/2008)

Property Tax Amendment Overshadows Florida Primary (1/29/2008)

Florida: Officials Keep Property Insurance Top of Mind (1/29/2008)

Florida Senate Hears from Insurance Industry Critics; Media Provided Counterpoint (1/23/2008)

Florida: Senate Insurance Hearings Begin Today (1/22/2008)

Footing the Bill for Florida Storms Remains Biggest Concern (1/21/2008)

Florida Insurance Commissioner Suspends Allstate Insurance Co. (1/16/2008)

Top 50 Stories of 2007 (12/31/2007)

Florida Governor to Sue Insurers (12/19/2007)

Florida: Citizens Rate ‘Thaw’ Suggested (12/18/2007)

Florida: NAMIC Opposes Florida Rule to Waive Alien Reinsurers’ Collateral Requirements (12/11/2007)

NAMIC Urges Florida to Withdraw Rule to Waive Alien Reinsurers’ Collateral Requirements (12/10/2007)