The Florida Senate Committee on Banking and Insurance met today, January 12, 2010. The following is a brief review of the insurance-related matters that were discussed as part of the agenda. Dr. Shahid Hamid, who directs the Laboratory for Insurance, Economic and Financial Research at Florida International University's International Hurricane Research Center, provided an overview [...]

The Florida Department of Financial Services, Division of Agent and Agency Services will hold a Rule Development Workshop on January 28 to update regulations governing the license suspension and revocation of insurance adjusters, agents, customer and service representatives. The following Rules that govern insurance representative penalties would be amended: 69B-231.030: Definitions 69B-231.080: Penalties for Violation [...]

Intercontinental Marine Service Corporation, DBA First Warranty Group of Florida has been ordered into liquidation by the Leon County Circuit Court and its remaining motor vehicle service warranty agreements were cancelled as of 11:59 p.m. on December 18, 2009. For more information on the matter from the Florida Department of Financial Services ("DFS") Division of [...]