Category: Insurance Regulatory News

  We have been advised by the Office of Insurance Regulation (“OIR”) that it has issued Orders to 177 automobile insurance carriers in Florida. The affected carriers are those who made any rate, rule or form filings with the OIR …

The Florida Senate has issued its block interim calendar for the week of December 10-14, 2007.  To view the calendar, click here.   The Florida Taxation and Budget Reform Commission (“TBRC”) will hold a meeting on Friday, November 30, 2007. 3:45 …

  Earlier today, State Representative Brian Kennedy (RI), President of the National Conference of Insurance Legislators (“NCOIL”), announced the recent election of the 2008 officers and co-chair appointments.  We have attached the NCOIL press release for your review.   About …

  The Florida Hurricane Catastrophe Fund (“FHCF”) has updated its website to include a partial list of the 2007/2008 Coverage Selections & Premium Calculations.  We have attached this document to this newsletter for your review.  Please be advised that this …

  On November 2, 2007, the Florida Health Insurance Advisory Board (“Board”) amended and approved its 2008 Legislative Recommendations.  The Board has just released these Recommendations and we have attached them to this newsletter for your review.  Also attached is …

  Attached, please find information regarding legislative action at the recent National Conference of Insurance Legislators (“NCOIL”) November 14 through 18 Annual Meeting. Lawmakers adopted, among other things: •         an amended NCOIL life settlements model act that targets illegal STOLI transactions …

Click on a headline to read the complete story: Above:  Newly-elected State Representative Matt Hudson   Hudson wins to succeed former Rep. Davis in special election The votes are in.  Republican Matt Hudson will succeed Rep. Mike Davis in the …

  We have been advised by the Florida Office of Insurance Regulation (“OIR”) that all insurers who apply to participate in a Citizens Property Insurance Corporation (“Citizens”) takeout need to have their proposed rates and forms for the takeout filed …

  The following bulletin was just issued by the National Association of Insurance Commissioners (“NAIC”) regarding catastrophe modeling by rating agencies:   ——————————————————————————————–   MEDIA ADVISORY NAIC HEARING ON USE OF CATASTROPHE MODELING BY RATING AGENCIES Third in Series to …

  InsuranceJournal.com Florida Commissioner McCarty: Getting to Savings for Florida Property Owners Florida regulator Kevin McCarty is optimistic that insurance savings promised to property owners will eventually be realized in insurance company rate filings. In this excerpt from a wide-ranging …