Category: Insurance Regulatory News

The following information was released earlier today by the Florida Office of Insurance Regulation (“OIR”): ——————————————————- -NEWS FROM THE FLORIDA OFFICE OF INSURANCE REGULATION- For Immediate Release:                    Contact:   Ed Domansky or Tom Zutell                850/ 413-2515 PRIVATE INSURERS FIND WAY TO …

Click on a headline to read the complete story:   Florida fight vs. insurers floods nation TALLAHASSEE – Coastal residents across the nation have a stake in Florida’s ferocious property insurance war, where regulators and the industry are going head-to-head …

Click on a headline to read the complete story:   Citizens Property Insurance to lose 200,000 policies Instead of being swamped with new policies, state-run Citizens Property Insurance now expects to see more than 200,000 leave its books before year-end. …

The National Association of Insurance Commissioners (“NAIC”) held its Fall 2007 National Meeting on September 29 – October 1, 2007, in Washington, D.C.  A representative from this Firm attended the Fall Meeting and for your review, we have attached Minutes. …

Below please find the highlights from the Citizens Property Insurance Corporation (“Citizens”) meetings held on October 24-25, 2007.    ————————————— Market Accountability Advisory Committee The following is as of September 30, 2007: • 1,379,847 policies in force–an increase of about 18,000 …

On October 25, 2007, the National Association of Insurance Commissioners (“NAIC”) Reinsurance (E) Task Force held a conference call to discuss Reinsurance Regulatory Modernization Proposals and other matters.  Chairman John Oxendine (Georgia Insurance Safety and Fire Commissioner) opened the meeting …

A bill to amend the National Flood Insurance Act of 1968 to provide for the phase-in of actuarial rates for certain pre-FIRM properties will be on the United States House of Representatives’ Committee on Financial Services’ October 31, 2007 markup agenda. The meeting …

During a recent meeting of a New York Surplus Lines Law Group attended by this Firm, issues related to current developments in the surplus lines laws of various states were discussed, such as the most recent draft of the attached …

Click on a headline to read the complete story:   Children’s health insurance back for vote today WASHINGTON – Congressional Democrats, having made modest changes to a children’s health bill that President Bush vetoed, plan to bring the issue to …

Florida Chief Financial Officer Alex Sink and Florida Attorney General Bill McCollum today announced a multi-state settlement with several insurance brokers.  The press release on the matter  issued by the Florida Office of Insurance Regulation is below, along with a …