Category: Insurance Regulatory News

On March 8, 2006, an Office of Insurance Regulation (OIR) workshop was scheduled regarding Rule 690-137.001 relating to the 2006 NAIC Quarterly & Annual Statement Instructions and NAIC’s Accounting Practices and Procedures Manual, as well as Rule 690-138.001 relating to …

Please find below a press release issued by the Florida Office of Insurance Regulation regarding the report issued by the Task Force on Long-Term Solutions for Florida’s Hurricane Insurance Market. The press release summarizes the major issues addressed in the …

Below please find a press release issued by the Office of Insurance Regulation regarding Senate Bill 2290 and House Bill 1349 relating to Long-Term Care Insurance. Please feel free to contact this office with any questions or concerns that you …

The Citizens Market Accountability Advisory Committee (“MAAC”) meeting was held on March 2, 2006 and presided over by new Chairman Andy Martinez. Two main topics were discussed: 1. MAAC’s brochure to consumers; and 2. The agenda for future meetings. Susanne …

Citizens Property Insurance Corporation’s (CPIC) recently held a Board of Governors (the “Board”) meeting during which the Board discussed several issues relating to reinsurance and CPIC’s financial status. Bruce Douglas, the Board Chairman, briefly outlined his visits to reinsurers with …

  March 1, 2006 GALLAGHER ANNOUNCES FEDERAL LEGISLATION TO CREATE CATASTROPHE SAVINGS ACCOUNTS Gallagher has been promoting accounts since 2004 hurricane season Tom Gallagher, Florida’s chief financial officer, announced today that Congressman Tom Feeney from Orlando has filed federal legislation …

Below please find the Office of Insurance Regulation’s press release stating that the OIR pilot project conducted in Monroe County has found that Monroe County does not have a competitive residential personal lines insurance market. Please feel free to contact …

On Monday, February 27, 2006, the second workshop on Proposed Rule 69D-2 was held in Tallahassee, Florida.  A copy of the proposed rule is here. Assistant general counsels Beverly Hayes and Charles Gowland attended, as well as representatives from Market …

Please find Notices of Proposed Rulemaking relating to the following subjects here: (1) Notice of Change for Filing Procedures for Property and Casualty Insurance Rates, Rules, Underwriting Guidelines and Forms; (2) Emergency Rule for Public Adjusting of Insurance Claims from …

Please see information below regarding an upcoming public hearing. Should you have any questions or concerns, please do not hesitate to contact Colodny Fass. 2/27/06 OIR Schedules Homesite Rate Hearing Tallahassee – The Florida Office of Insurance Regulation will conduct …