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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
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
Gov. Crist, who recently left the Republican Party to run for the U.S. Senate as an independent candidate, has vetoed several bills that were top priorities for the leadership of the Legislature's Republican majority and various business interests
The Florida Office of Insurance Regulation has placed Magnolia Insurance Company under administrative supervision, finding that the company was in an unsound condition
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
