Category: Insurance Regulatory News

On October 22, 2007, the Ad Hoc Vendor Review & Selection Committee (“Committee”) of the Florida Automobile Joint Underwriting Association (“FAJUA”) held a teleconference to discuss the pricing arrangement between York Claims Service, Inc. (“York”) and FAJUA. York currently provides …

Q&A with Insurance Commissioner Kevin McCarty By Kathy Bushouse, Sun-Sentinel.com October 21, 2007   Recently Sun-Sentinel staff writer Kathy Bushouse sat down with state insurance commisioner Kevin McCarty, who has put pressure on property insurers over rates. Here is the …

Photo: Michael Democker / Times-Picayune Above:  Louisiana Governor-elect Bobby Jindal greets a crowd of supporters while surrounded by family at a victory party in Baton Rouge Saturday night. From CNN/The Associated Press    Louisiana elects first nonwhite governor since Reconstruction …

Click on a headline to read the complete story:   State House puts off property tax deal with Senate The property-tax plan that limped out of the state Senate has been panned as mediocre — as doing both too much …

Click on a headline to read the complete story:   No real progress on tax plan The Senate passes a proposal, but nobody’s really happy about it. TALLAHASSEE – The Florida Senate passed a property tax cut package Wednesday that …

The following was just released by the National Association of Insurance Commissioners (“NAIC”): ———————————————————————- NAIC COMMENDS U.S. SENATE ACTION ON KEY INSURANCE LEGISLATION Banking Committee Passes Bills to Extend Terrorism Insurance Program and Flood Insurance Program KANSAS CITY, Mo. (Oct. …

The Office of Insurance Regulation (“OIR”) is repealing Rule 69O-186.017, titled “Certificate of Mortgage Releases,” given that the authorizing statute has been repealed.  At this time, no Summary of Statement of Estimated Regulatory Costs has been prepared. If requested in …

The Office of Insurance Regulation (“OIR”) scheduled a hearing on Proposed Rules 69O-149.003-.005 and .007 (Health Rate Filings) on October 18, 2007.  However, the Hearing was cancelled because the OIR had mistakenly published the wrong version of the Proposed Rules.  …

In a meeting earlier this week, the Florida Hurricane Catastrophe Fund (“FHCF”) Advisory Council (“Council”) was advised that the FHCF reorganization proposal by Florida’s Chief Financial Officer (“CFO”) Alex Sink is intended to increase the ability of the FHCF to …

The International Association of Insurance Supervisors held the first full day of its 14th Annual Conference, at which Florida Attorney General Bill McCollum gave one of the keynote speeches. Later, a panel entitled “Reinsurance: The Avenue Towards Mutual Recognition” examined …