Category: Insurance Regulatory News
Jul 22, 2009
A lawsuit filed in Miami federal court accused a major insurance firm of encouraging people to invest money with accused swindler Allen Stanford. Miami Herald Staff A Venezuelan investor is accusing a global insurance broker of playing a key role …
Jul 22, 2009
Florida Insurance Consumer Advocate Sean Shaw will host an insurance and home builders’ industry roundtable on Thursday, July 23, to discuss streamlining and facilitating the State’s homeowners insurance claims dispute resolution process. Details of the roundtable are as follows: DATE: …
Jul 21, 2009
To view a complete story, click on a headline below: Florida’s Denial of State Farm 47% Rate Hike Again Upheld A court has upheld Florida Insurance Commissioner Kevin McCarty’s denial of a 47.1 percent home insurance rate hike …
Jul 21, 2009
Without issuing a final opinion, the First District Court of Appeal affirmed a January 12 final order by Florida’s Insurance Commissioner saying that State Farm Florida failed to show that its previously requested rate increase was not “excessive, inadequate, or unfairly discriminatory.” Reprinted below, …
Jul 21, 2009
The Florida Office of Insurance Regulation has issued a Notice of Rulemaking Development regarding Rule 69O-170.0144, entitled “Public Hurricane Loss Projection Model Fee Schedule.” A copy of the Notice is attached. The proposed Rule text will be provided as soon …
Jul 21, 2009
The Florida Department of Financial Services Division of Risk Management (“Division”) Hearing on proposed Rule 69H-2.008, entitled “Other Forms Adopted” that was scheduled for Monday, July 20, 2009, was not held because it was not requested. The proposed Rule relates …
Jul 21, 2009
The Florida Office of Insurance Regulation (“OIR”) announced today, July 21, that it has signed an information-sharing agreement with its United Kingdom counterpart to coordinate insurance regulatory oversight issues affecting both countries, as well as those relative to Florida. To …
Jul 21, 2009
The U.S. House Financial Services Committee will hold a hearing on the Semiannual Monetary Policy Report to the Congress on Tuesday, July 21, starting at 10:00 a.m. in Room 2128 of the Rayburn House Office Building, Washington D.C.
Jul 21, 2009
The U.S. House Financial Services Committee will hold a hearing entitled “Systemic Risk: Are Some Institutions Too Big to Fail, and If So, What Should We Do About It?” on Tuesday, July 21, starting at 2:00 p.m. in Room 2128 …
Jul 20, 2009
The Florida Department of Financial Services, Division of Agent and Agency Services (“Division”) has issued a Notice of Rulemaking Development regarding the following Rule Chapter: 69B-241: Penalty Guidelines for Bail Bond Agents The purpose of the proposed Rule Chapter is …