Year: 2010

FAPL Letter

Open Clothes Doors Event Huge Success!

Last week, on the 3rd floor of the Capitol Rotunda, FAPL and the Florida Coalition Against Domestic Violence teamed up with Dress for Success and Club 25 Women to collect business clothing for distribution to statewide domestic violence centers.

The effort produced 27 18-gallon storage bins with about 40 items in each container. That …

Buck Passed

What. Property insurance legislation vetoed by governor again. Issue. Did bad politics trump good policy? Impact. New capital gets scarce, more companies unable to pay claims and Citizens takes on more policies.

In the wake of Gov. Charlie Crist’s June 1 veto of another widely supported property insurance reform bill, Florida’s struggling property insurance carriers now face tough choices entering …

Northern Capital Insurance took hits to surplus in re-filed statements

Miami-based Northern Capital Insurance Co. amended or re-filed its statutory statements several times in 2009, making revisions that had negative effects on its statutory surplus.

Northern Capital Insurance was incorporated in 2004 and started business in 2006, according to regulatory filings. In November 2008, it was approved to remove up to 20,000 policies from state-run Citizens Property Insurance Corp. Rating …