Category: Insurance Regulatory News

By JIM ABRAMSThe Associated PressThursday, November 8, 2007; 7:53 PM WASHINGTON — Disaster-prone states would get help confronting the crisis in available and affordable homeowner insurance under legislation passed Thursday by the House. The bill, passed 258-155, was primarily the …

~ David Foy to join the Crist Administration ~ TALLAHASSEE – Governor Charlie Crist today announced David Foy will serve as policy director. Foy most recently served as the chief of staff for Florida’s Office of Insurance Regulation (OIR). “David’s …

The following information regarding the appointment of David Foy as Policy Director for the Crist Administration was released this morning by the Governor’s office.  Mr. Foy was formerly Chief of Staff for Florida’s Office of Insurance Regulation. Should you have any questions or …

Click on a headline to read the complete story:   Florida GOP penalized for early primary The Republican National Committee followed its Democratic counterparts Thursday and slapped Florida with penalties for being the naughty boys of the presidential primary.   …

Click on a headline to read the complete story:   Nelson offers national disaster bill Sen. Bill Nelson has introduced a bill that would create a national catastrophe fund.   Catastrophe fund bill’s progress The House is expected to vote …

  On Tuesday, November 06, 2007, a member of this Firm attended a public rate hearing by the Florida Office of Insurance Regulation (“OIR”) for IDS Property and Casualty Insurance Company (“IDS”).  Mike Milnes, OIR Deputy Director of Property and …

  On Wednesday, November 7, 2007, the Florida Office of Insurance Regulation (“OIR”) scheduled a public hearing on Proposed Rules 69O-143.041 and 69O-143.042 relating to Insurer Conduct.  The Proposed Rules would allow insurers to utilize modern systems for holding and …

  On November 5, 2007, the Florida Commission on Hurricane Loss Projection Methodology (“Commission”) held a teleconference in order to discuss the Comparison Report on Hurricane Loss Projection Models (“Report”).  The Report was approved with changes and will be presented …

  As of November 6, 2007, the following six (6) insurance companies have applied for grant money under the Insure Louisiana Incentive Program:   • Occidental Fire & Casualty of North Carolina • Companion Property & Casualty Insurance Company • ASI Lloyds • Imperial …

  Attached is the Agenda for the National Association of Insurance Commissioners (“NAIC”) Reinsurance (E) Task Force Interim Meeting that takes place November 7-8, 2007, immediately following the NAIC Third Annual Financial Summit in Atlanta.  The proposals, with general and specific …