Category: Insurance Regulatory News

Click on a headline to read the complete story:   Florida warns home insurers: Obey new laws on windstorm — or else Florida Insurance Commissioner Kevin McCarty put the state’s homeowner insurance companies on notice Tuesday they had better comply …

Florida’s Chief Financial Officer, Alex Sink, has issued two consumer alerts as detailed below.   Should you have any questions or comments, please do not hesitate to contact this office.   CFO Sink Advises Floridians That Tennessee Has Placed NFOA Into …

The Florida Department of Financial Services (“DFS”), in conjunction with Florida Attorney General Bill McCollum, issued the following press release providing for $2.6 million in reimbursements to multiple Florida cities and counties from national insurance broker Willis Group Holdings.  The reimbursement …

The Florida Office of Insurance Regulation has issued the following informational memorandum reminding all residential property insurers that effective July 1, 2007, all policyholders must be offered the option of excluding windstorm and contents coverage.  Should you have any questions …

The Louisiana Department of Insurance recently conducted its 2007 Filing and Compliance Seminar. The following documents were distributed at the Seminar: 2007 Filing Seminar Agenda Company Licensing Filing Complaints Filing Seminar Presentation Health Form Filing Presentation Filing Compliance Seminar for …

Click on a headline to read the complete story:   Florida finance chief urges Legislature to renew no-fault law Florida Chief Financial Officer Alex Sink on Tuesday told legislative leaders in a report there are bad consequences for consumers and …

The Florida’s State Board of Administration (“SBA”) held a meeting today, Tuesday, July 17, 2007 to approve a measure that would allow the Florida Hurricane Catastrophe Fund (“FHCF”) to provide an additional $5 billion in liquidity through taxable floating rate notes.  John Forney, an …

The following administrative meetings and hearings have been scheduled by various Florida agencies, except as otherwise set forth below. We will monitor the proceedings related to these matters and issue reports, as necessary. Should you have any questions or comments, …

A meeting of the Citizens Property Insurance Corporation (“Citizens”) Market Accountability Advisory Committee (“Committee”) took place on Monday, July 16, 2007. The agenda is attached for your reference. The highlights of the meeting are as follows: General Information As of …

Click on a headline to read the complete story:   Borrowing money likely option for catastrophe fund TALLAHASSEE, Fla. — State officials said Monday they are considering borrowing as much as $5 billion to make sure the Hurricane Catastrophe Fund …