Thousands of State Farm Florida property insurance customers will be seeing notices in their mailboxes this week saying their policies will not be renewed, a company spokesman said. The first wave of notices will be mailed Monday to a selected …
Some insurance companies could go out of business if a major hurricane hits Florida, the state’s insurance commissioner told a Senate panel this week. But after more than an hour grilling by lawmakers, Commissioner Kevin McCarty didn’t provide specifics on …
Customers of the state-backed Citizens Property Insurance Corp. in Florida will be paying 10 percent more for their property insurance by Jan. 1 under a bill headed to Gov. Charlie Crist. The Senate passed the bill (HB 1495) on a …
Gov. Charlie Crist and the Florida Cabinet received a bit of encouraging news this week about the state’s tenuous hurricane catastrophe fund. The head of the agency responsible for Florida’s investments told them a loosening credit market provides the ability …
A hurricane insurance bill that would help Florida reduce its multibillion-dollar exposure in the state’s tenuous insurance market moved through a Senate committee Monday — with sparks flying. The Senate Banking and Insurance Committee approved the bill (SB 1950) on …
With less than four full weeks left in the 2009 session, Florida lawmakers started moving legislation Friday aimed at reducing a multibillion dollar property insurance risk politicians have laid on consumers and taxpayers. After running through more than a dozen …
A bill that would trump a Florida Supreme Court ruling and restore a cap on attorneys’ fees in workers’ compensation cases passed the Florida House after some mild debate. Following a second round of discourse on the issue in just …
A bill that would restore a cap on attorney’s fees in Florida workers’ compensation cases is ready for a final vote in the House. After an amendment was defeated, the measure (HB 903) sponsored by Rep. Anitere Flores, R-Miami, was …
Florida lawmakers need to make some smart decisions on reducing the risk to Florida property owners from hurricanes, the state’s chief financial officer said. In a letter to legislative leaders, CFO Alex Sink said property owners cannot afford shocks to …
One of Florida’s new startup property insurance companies has been told to stop selling policies — at least for a while. Insurance Commissioner Kevin McCarty said Boca Raton-based People’s Trust has not followed state regulations nor its business plan and …
