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Nationwide will non-renew 60,000 Florida homeowners' insurance policies

Foley & Lardner LLP
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USA
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October 12 2009

On October 7, 2009, Nationwide Insurance Co. of Florida announced that it intends to non-renew 60,000 Florida homeowners' insurance policies over a two-year period beginning in July 2010

Property insurance: House panel passes scaled-back deregulation bill

Foley & Lardner LLP
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USA
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March 22 2010

On March 17, 2010, the House Insurance, Business, and Financial Affairs Committee passed CSHB 447, a scaled-back rate regulation bill that increases insurers' flexibility in ratemaking without providing full rate deregulation

Third-quarter existing home and condo sales continued to rise while prices appeared to stabilize

Foley & Lardner LLP
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USA
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November 16 2009

In a November 10, 2009 report, Florida Realtors (formerly known as the Florida Association of Realtors) announced that sales of existing single-family homes in July September 2009 were 33 percent higher than sales in the third quarter of 2008

Insurance Commissioner approves reduced rate increase for Citizens Property Insurance Corp

Foley & Lardner LLP
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USA
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November 30 2009

On November 20, 2009, Florida Insurance Commissioner Kevin M. McCarty approved a rate increase for the “high-risk” property insurance policies issued by Citizens Property Insurance Corp., the state-created property insurer of last resort

Facing a veto threat, proponents of property insurance rate deregulation concede defeat

Foley & Lardner LLP
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USA
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April 26 2010

This year's version of a proposal for limited deregulation of residential property insurance rates died on April 21, 2010, when the Senate Ways and Means Committee postponed consideration of the bill in its last meeting of the legislative session

Legislature passes property insurance bill stripped of controversial issues

Foley & Lardner LLP
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USA
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May 3 2010

In the closing moments of the legislative session, the House and Senate passed a 99-page property insurance bill that avoided major controversies

Foreclosures continue to rise in Florida while declining nationally

Foley & Lardner LLP
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USA
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February 22 2010

Florida leads the nation in the number of homes in foreclosure, according to a Mortgage Bankers Association of America survey released on February 17, 2010

Economy: Florida home sales rise while the foreclosure rate declines

Foley & Lardner LLP
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USA
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May 17 2010

On May 11, 2010, Florida Realtors reported that existing home sales in Florida during the first quarter of 2010 were 24 percent higher than during the same period in 2009

Growth management: Circuit Court declares 2009 growth management law unconstitutional

Foley & Lardner LLP
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USA
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September 7 2010

On August 26, 2010, Chief Judge Charles A Francis of the Second Judicial Circuit issued a final summary judgment holding the 2009 growth management law (SB 360, compiled as Chapter 2009-96, Laws of Florida) unconstitutional

Gov. Crist issues Executive Order authorizing local property appraisers to provide calculations of lost property values

Foley & Lardner LLP
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USA
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July 26 2010

On July 21, 2010, Gov Crist issued Executive Order 10-169, which authorized county property appraisers to "provide an interim assessment of any property that may have dropped in value because of the oil spill."

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