Category: Insurance Regulatory News

  To view a complete story, click on a headline below:   News Release:  Florida Office of Insurance Regulation Establishes Citizens Rates for Condominium Associations, Commercial Buildings, Rental Properties and other Structures Florida Insurance Commissioner Kevin McCarty today signed an …

  At a Rule Development Workshop held today, October 11, 2010, the Florida Department of Revenue (“DOR”) heard public testimony regarding changes to various tax-related Rules, some of which relate to insurance.  Of particular concern to insurers are proposed Rule …

  The Florida Division of Consumer Services (“Division”), part of the Florida Department of Agriculture and Consumer Services (“Department”), held a Motor Vehicle Repair Advisory Council (“Council”) meeting on October 7, 2010, during which it reviewed the launch of a …

  To view a complete story, click on a headline below:   Blog:  Citizens insurance rethinks no-bid “emergency” contracts Citizens Property Insurance plans to ask its board of governors to change a process that allows the company to approve contracts …

Following is a listing of insurance-related Florida regulatory events for the week of October 11-15, 2010: All times are Eastern Time.  Additional information is available via hyperlink were noted in bold type.   FLORIDA INSURANCE REGULATORY EVENTS      Monday, October 11 Florida …

  To view a complete story, click on a headline below:   News Release:  CFO Alex Sink Proposes Contracting Changes to Citizens Property Insurance for More Accountability Florida CFO Alex Sink today sent a letter to Scott Wallace, President and Executive …

  To view a complete story, click on a headline below:   Judges hear Citizens Property Insurance immunity case An appeals court says a decision on whether state-backed Citizens Property Insurance Corp. is immune from lawsuits alleging bad-faith practices is a …

In an opinion issued today, October 6, 2010, involving a bad faith case against Citizens Property Insurance Corporation (“Citizens”), the First District Court of Appeal asked the Florida Supreme Court to determine whether the issue of Citizens’ sovereign immunity should …

  At a Florida Office of Insurance Regulation (“OIR”) public hearing held yesterday, October 5, 2010, National Council on Compensation Insurance (“NCCI”) representatives explained that, after many years of decreasing workers’ compensation insurance rates, Florida has reached its “new, post-reform …

The following news release published October 5, 2010 cites a Florida Senate study on billing accident surcharges to insurance companies.  Florida, along with other states, has since outlawed these “crash taxes.”   Poll Finds Opposition to Billing Auto Insurance Carriers …