Category: Insurance Regulatory News

Click on a headline to read the complete story:   2 sentenced in insurance crash scams Prosecutors hope the sentence handed down to two men who staged a car accident in 2005 will deter others tempted to try and cheat …

BY ARTHUR D. POSTALNU Online News Service, Dec. 26, 1:13 p.m. EST Groups representing captive insurers made a concerted appeal to the Internal Revenue Service asking it to withdraw a proposal that would change the way captives deduct losses, saying …

BY ARTHUR D. POSTALNU Online News Service, Dec. 26, 4:01 p.m. EST WASHINGTON —President Bush today signed the Terrorism Risk Insurance Act extending the federal backstop on terrorism risk insurance until the end of 2014. The bill (H.R. 2761 – …

By Josh Hafenbrack South Florida Sun-Sentinel December 26, 2007 Jack Kanjian loves dinosaurs. He’s writing a book about his favorites on colored construction paper, illustrated with crayons. When he grows up, Jack wants to run a prehistoric zoo — with …

By Sandra Block, USA TODAY Families who lost their homes to the foreclosure crisis this year will have at least one reason for cheer this holiday season: They won’t have to worry about a big tax bill. Shortly before adjourning …

National Underwriter Magazine Online reported this afternoon that President Bush has signed H.R. 2761–Terrorism Risk Insurance Program Reauthorization Act of 2007.  The bill extends the current program through 2014 and adds coverage of domestic terrorist events to the program. Should …

BY SUSANNAH A. NESMITH AND GARY FINEOUT A circuit court in Tallahassee tossed out the Legislature’s plan to save money by appointing special public defenders to represent indigent defendants who can’t be represented by the elected public defenders in each …

By DAN CHRISTENSEN The Miami Herald Two men sent to prison for staging a car crash in Lauderdale Lakes are the first in Broward County sentenced under a tough Florida law enacted to combat no-fault insurance fraud, prosecutors say. Circuit …

The attached memorandum from the Municipal Police Officers’ & Firefighters’ Retirement Trust Funds advising that the City of Palm Beach Shores is participating under Chapter 175, Florida Statutes.  The memorandum serves as a reminder that this law requires every insurance company, association, corporation, …

Citizens has issued a Memorandum dated November 9, 2007 to all Assessable Insurers (“Assessable Insurers”) regarding Voluntary Premium Writing Transfers Procedures. A copy of this Memorandum is attached hereto.  Assessable Insurers are all insurers authorized to write property and casualty …