Category: Insurance Regulatory News

The Florida Office of Insurance Regulation (“OIR”) has scheduled a series of public hearings on “true-up” rate filings by seven insurers.  The OIR press release below details the dates and times of these hearings. Should you have an comments or questions, …

The Florida Office of Insurance Regulation (“OIR”) has issued two subpoenas for a public hearing on policies and rates, respectively, to State Farm Florida Insurance Company and State Farm Florida Fire and Casualty Insurance Company.  The subpoenas direct the two State …

The Florida State Board of Administration has issued a Notice of Meeting/Workshop Hearing on behalf of The Florida Hurricane Catastrophe Fund’s Florida Commission on Hurricane Loss Projection Methodology (“FCHLPM”).  A copy of the three-day agenda is below, as well as attached for …

Click on a headline to read the complete story: PIP Law Changes Unlikely To Pass TALLAHASSEE – The lead negotiators on legislation to replace Florida’s no-fault auto insurance law say they have a basic agreement. But the proposal has provisions …

A Notice of Proposed Rule has been issued by the Florida Housing Finance Corporation on Rule numbers: Rule titles 67-57.001: Purpose and Intent 67-57.005: Definitions 67-57.010: Fees 67-57.020: Notice of funding Availability (NOFA) 67-57.030: Membership Application Procedures 67-57.040: Property Standards …

The Florida Office of Insurance Regulation today issued an Informational Memorandum notifying insurers of their legal requirements in advance of the sunset of Florida’s no-fault/PIP laws on October 1, 2007. A copy of the Memorandum is attached for your review. …

A detailed outline of H.R. 2761, the Terrorism Risk Insurance Revision and Extension Act of 2007 (as of August 1, 2007) is enclosed, courtesy of Ethan Sonnichsen, National Association of Insurance Commissioners (“NAIC”) Washington D.C. staff. An NAIC Terrorism Insurance Implementation (C) …

On August 2, 2007, this office attended a public hearing at the Office of Insurance Regulation (“OIR”) on Proposed Rule 690-142.200 entitled “Military Sales Practices.”  The purpose of the Rule is to protect active duty military servicemen and servicewomen from …

The National Association of Insurance Commissioners (“NAIC”) has issued a summary analysis of H.R. 1065, which passed the United States House of Representatives without amendment on June 25, 2007.  In the U.S. Senate, the bill has been read twice and referred …

Click on a headline to read the complete story:   Bill introduced to stabilize homeowners insurance, lower costs WASHINGTON — Responding to a string of hurricanes that have torn through their districts in recent years, U.S. Reps. Tim Mahoney and …