Category: Insurance Regulatory News

Sept. 30 The Florida Building Commission announces a Notice of Meeting/Workshop Hearing public meeting to which all persons are invited.DATES AND TIME: September 30, 2007 through October 3, 2007, 8:00 a.m. – completionPLACE: Embassy Suites Hotel, 3705 Spectrum Boulevard, Tampa, Florida …

On August 30, 2007, the Office of Insurance Regulation (“OIR”) issued an Informational Memorandum, where it informed the insurance industry as to its expectations regarding Catastrophic Event Data Reporting (“CEDRA”) in the event of a storm during or after the …

The Regulatory and Legislative Section of Chartered Property Casualty Underwriters and the Great Lakes Chapter of the Association of Insurance Compliance Professionals hosted a seminar on global warming and the insurance industry.  Investor, consumer and industry perspectives as to how …

Governor Charlie Crist is scheduled to make welcoming remarks at Orange County’s first-ever global warming summit, entitled “Climate Change in Orange County.”   The free event takes place at the Orange County Convention Center. Roger Ballentine, an environmental and conservation policy …

Click on a headline to read the complete story:   Deal cut in effort to keep no-fault Florida’s no-fault auto insurance system, which was set to expire Sept. 30, may get a last-minute reprieve.   Legislature’s compromise could keep PIP …

The Florida Commission on Hurricane Loss Projection Methodology (“Commission”) met in Tallahassee, Florida on September 20 and 21, 2007.  The Commission approved the standards and forms which hurricane modeling companies and the Florida Public Model must follow when adopting hurricane …

Click on a headline to read the complete story:   Citizens to seek rate increase for some high-risk businesses Citizens Property Insurance plans to seek a premium increase of more than 300 percent for wind-only business policies sold in high-risk …

Following today’s Florida Supreme Court decisions regarding Florida’s Valued Policy Law, Citizens Property Insurance Corporation issued the statement below regarding pending litigation stemming from 2004 storm surge damage. To read a summary of the two Supreme Court cases, click here. …

By Maria Elena Abate, Shareholder Colodny Fass In two unanimous decisions issued today, September 20, 2007, the Florida Supreme Court has directly disapproved a 2004 Fourth District Court of Appeals opinion, Mierzwa v. Florida Windstorm Underwriting Association, 877 So.2d 774, …

Citizens Property Insurance Corporation (“Citizens”) Market Accountability Advisory Committee, Audit Committee and Finance and Investment Committee each met on September 19, 2007.  Following are highlights from the respective meetings:   Market Accountability Advisory Committee • Claims Task Force Update and Month-End …