Category: Insurance Regulatory News

Click on a headline to read the complete story:   Insurers face more than $500M in losses Insured losses from the roaring wildfires in California are expected to exceed $500 million ranking among the five most damaging wildfires since 1970, …

Washington, DC—Congressman Paul E. Kanjorski (D-PA), Chairman of the Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, today announced that the Subcommittee will hold its second in a series of hearings on insurance regulatory reform on Tuesday, October 30, …

The following memorandum was just issued by Citizens Property Insurance Corporation (“Citizens”) regarding its Board of Governors meeting: —————————————————————–   Oct. 24, 2007 To:       All interested partiesFrom:  Citizens Property Insurance CorporationRe:      Citizens Property Insurance Corporation Meeting Advisory Citizens Property Insurance Corporation’s …

Dixon Hughes has prepared the attached Synopsis of the NAIC Fall Meeting held from September 29, 2007 through October 1, 2007 in Washington, D.C.  This Synopsis is intended to be a summary of the events and not a full recap …

Click on a headline to read the complete story:   OIR mandates greater decrease in workers’ comp rate The Florida Office of Insurance Regulation has rejected the National Council on Compensation Insurance’s (NCCI) latest rate filing for workers’ compensation insurance …

The Reinsurance Task Force (“Task Force”) of the National Association of Insurance Commissioners (“NAIC”) has scheduled a conference call for October 25, 2007 at 11:30 a.m. EST, to discuss the upcoming interim meeting of the Task Force in Atlanta, Georgia …

The following information was just released by the Florida Office of Insurance Regulation (“OIR”) regarding the postponement of the Auto-Owners Public Hearing: —————————————— -FROM THE FLORIDA OFFICE OF INSURANCE REGULATION- MEDIA ADVISORY Oct. 23, 2007 WHAT:   AUTO-OWNERS PUBLIC HEARING POSTPONED …

The following information was just released by the Florida Office of Insurance Regulation (“OIR”):   ———————————————————- -NEWS FROM THE FLORIDA OFFICE OF INSURANCE REGULATION- For Immediate Release: Contact:   Ed Domansky/Tom Zutell/Jonathon Kees850/413-2515 FLORIDA INSURANCE COMMISSIONER MCCARTY ORDERS FURTHER DECREASE IN …

Click on a headline to read the complete story:   No fault takes a break, lawsuits may proliferate Florida motorists may want to use their best defensive driving skills between now and New Year’s.   Canceled Coastal Insurance Policies Argue …

The National Association of Insurance Commissioners (“NAIC”) recently received the attached report from the American Insurance Association and the Reinsurance Association of America. The report proposes that insurance and mitigation subsidies be offered as a way to ease the homeowners’ …