Category: Insurance Regulatory News

On Friday, October 5, 2007, the Task Force on Citizens Property Insurance Claims Handling and Resolution (“Task Force”) will meet from 9 a.m. to 4 p.m. in the Cabinet Room, at the Capitol, in Tallahassee.  Established in January 2007, the …

On Tuesday, October 2, 2007, the U.S. House Subcommittee on Oversight and Investigations held a hearing entitled “Credit-Based Insurance Scores: Are They Fair” to consider the implications of the growing use of credit-based insurance scores for consumers.  Specifically, the hearing …

STATES WORK TO PROTECT CONSUMERS AGAINST CREDIT SCORING NAIC Members Testify Before Congress on States’ Regulatory Responses WASHINGTON, D.C. (Oct. 3, 2007) — Two members of the National Association of Insurance Commissioners (NAIC) testified before the U.S. Congress to share …

Click on a headline to read the complete story:   Compromise may be reached on continuing with PIP TALLAHASSEE — Lawmakers got their first taste Tuesday of what promises to be the main “food fight” of the upcoming special session, …

In an effort to attract new insurers to Louisiana and to provide adequate and affordable insurance to property owners, the Insure Louisiana Program was enacted by way of Emergency Regulation 82. Please click here to be directed to the Louisiana Department …

(27 September 2007)  Congressman Paul Kanjorski, Chairman, provided the opening remarks concerning the need to supervise credit rating agencies, such as Moodys, Fitch and Standard & Poor’s.  Specifically, the Subcommittee is examining ratings as they relate to mortgage-backed securities, which …

The Florida Office of Insurance Regulation, in collaboration with the Office of the Attorney General today announced that it has reached an agreement with State Farm Florida to reduce rates by an additional two percent for Florida policyholders.  The press release …

Click on a headline to read the complete story:   Crist makes pro-PIP plea Governor says $10,000 injury protection essential TALLAHASSEE — On the day that Florida’s no-fault auto insurance law expired, Gov. Charlie Crist ordered lawmakers to consider replacing …

Following is a listing of upcoming insurance-related regulatory meetings and hearings.  Should you have any questions or comments, please do not hesitate to contact this office.   October 5 9:30 a.m. 116 Larson Building  Hearing69O-149.003(6)(d):  Maximum Trend, Rate Filing Procedures “Medical trend” refers to …

The Florida Office of Insurance Regulation (“OIR”) has released an announcement regarding a settlement reached with Coventry First, a viatical provider, regarding its business practices in Florida. To read previously-issued information from the OIR regarding the Coventry matter, click here. Should …