Category: Insurance Regulatory News
Sep 25, 2010
In continuing discussion on “The Life Insurance Consumer Disclosure Model Act (‘Model Act’),” via teleconference on September 24, 2010, the National Conference of Insurance Legislators (“NCOIL”) Life Insurance and Financial Planning Committee (the “Committee”) reversed its prior approval of …
Sep 24, 2010
The Florida Hurricane Catastrophe Fund (“FHCF”) has scheduled a September 29, 2010 Rule Development Workshop (“Workshop”) to review updates to the FHCF’s 2011/2012 Reimbursement Contract, Premium Formula, and Insurer Reporting Requirements and Responsibilities Rules. An FHCF Advisory Council meeting will …
Sep 24, 2010
Following is a listing of insurance-related Florida regulatory events for the week of September 27 – October 1, 2010: All times are Eastern Time. Additional information is available via hyperlink were noted in bold type. FLORIDA INSURANCE REGULATORY EVENTS Monday, …
Sep 24, 2010
The Office of Florida Governor Charlie Crist issued the following news release today, September 24, 2010: Governor Crist Awards 2010 Defense Grants ~ Florida’s military installations receive $5.85 million in critical development funds ~ TALLAHASSEE – Governor Charlie …
Sep 24, 2010
To view a complete story, click on a headline below: Citizens rates will rise again in Florida Regulators approve 9 percent and 10 percent average statewide rate hikes, some policyholders could see premiums drop Most Citizens Property Insurance …
Sep 23, 2010
After having cited constitutional issues as the reason the State of Florida would be unable to join the proposed Surplus Lines Insurance Multi-State Compliance Compact (“SLIMPACT”), the Florida Office of Insurance Regulation, represented by its General Counsel, Steve Parton, …
Sep 23, 2010
Subsequent to a September 7, 2010 public rate hearing, the Florida Office of Insurance Regulation (“OIR”) announced today, September 23, 2010, that it has ordered rate increases for Citizens Property Insurance Corporation (“Citizens”) that, in some cases, are …
Sep 23, 2010
A National Association of Insurance Commissioners (“NAIC”) public hearing on a proposed risk classification data call and other risk classification tools for personal auto insurance has been scheduled for September 30, 2010 in Kansas City, Missouri. To access the proposed …
Sep 23, 2010
To view a complete story, click on a headline below: Sunrise Condominium Prevails In Florida Insurance Guaranty Association Appeal of Hurricane Wilma Claim Court Order In an opinion issued yesterday, September 22, 2010, Florida’s Fourth District Court of Appeal …
Sep 23, 2010
Yesterday, September 22, 2010, the Florida Office of Insurance Regulation (“OIR”) held a Rule Development Workshop on proposed Rule 690-170.0155, entitled “Forms.” Although the Rule regulates additional forms, the Workshop specifically focused on revisions to Form OIR-B1-1802, also …