Category: Insurance Regulatory News

Florida Hurricane Catastrophe Fund Issues 2011-2012 Reimbursement Contract Year Estimated Borrowing Capacity, Estimated Claims-Paying Capacity and Projected Balance as of December 31, 2011

Oct 26, 2011

  The Florida State Board of Administration (“SBA”) issued a statutory advisory today, October 26, 2011, on the Florida Hurricane Catastrophe Fund’s (“FHCF”) estimated borrowing capacity, estimated claims-paying capacity and projected balance as of December 31, 2011 in relation to …

Florida Pre-Paid Auto Club offers speeding insurance

Oct 26, 2011

The following article was published in the Miami New Times on October 27, 2011: Pre-paid auto club offers speeding insurance By Gus Garcia-Roberts Commuting on Florida’s highways often feels like bumper cars with Ferrari engines. So what would happen if …

More Unfit Floridians Have Driver’s Licenses Yanked

Oct 26, 2011

The following article was published in the The Insurance Journal on October 25, 2011: More Unfit Floridians Have Driver’s Licenses Yanked By The Associated Press The number of Floridians who have had their driver’s licenses revoked because they are deemed …

Wall Street Journal: Insurer to Reveal Rate-Hike Data

Oct 26, 2011

The following article was published in the Wall Street Journal on October 26, 2011: Insurer to reveal rate-hike data By Leslie Scism and Liz Rappaport New York’s largest health insurer has agreed to publicly share the previously secret details of …

October 26, 2011: Florida Department of Revenue Proposed Rule Hearing

Oct 26, 2011

10:00 a.m.–Florida Department of Revenue Proposed Rule Hearing; Proposed amendments to Rule Chapter 12B-8, “Insurance Premium Taxes, Fees and Surcharges”, would update statutory and rule references, remove unnecessary effective dates, remove provisions regarding the emergency excise tax repealed effective January …