Category: Insurance Regulatory News
May 29, 2009
The Florida Hurricane Catastrophe Fund (“FHCF”) has released its May 2009 Bonding Capacity Report, which may be viewed by clicking here. In May and October of each year, the FHCF is required to publish an estimate of its borrowing capacity …
May 28, 2009
To view a complete story, click on a headline below: Crist signs sweeping insurance measure Gov. Charlie Crist has signed legislation that boosts property insurance rates by 10 percent on more than 1 million customers of the state-backed Citizens …
May 28, 2009
Federal Emergency Management Agency (“FEMA”) Administrator Craig Fugate on Wednesday, May 27, announced that federal disaster aid has been made available for counties in Central and North Florida, which were struck by severe storms, flooding and tornadoes beginning on May …
May 28, 2009
The Florida Commission on Hurricane Loss Projection Methodology (“FCHLPM”) has scheduled a two-day meeting on Tuesday, June 2, and Wednesday, June 3, from 10:00 a.m. to 6:00 p.m., in the Hermitage Conference Room, Room 116, 1801 Hermitage Blvd., Tallahassee. The …
May 28, 2009
The Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) Investment Committee (“Committee”) met via teleconference on Wednesday, May 27, 2009. The meeting began with an update on the status of the investment marketplace and a review of the FWCJUA’s portfolio from …
May 28, 2009
The Florida Department of Financial Services (“DFS”), Division of Workers’ Compensation has issued a Notice of Proposed Rulemaking regarding Rule Chapter 69L-5: Rules for Self-Insurers Under the Workers’ Compensation Act. Rule Chapter 69L-5 is being amended to concurrently repeal and …
May 28, 2009
A scheduled Florida Department of Financial Services (“DFS”), Division of Consumer Services hearing on proposed Rule 69J-166.002: Mediation of Commercial Residential Property Insurance Claims was not held on Wednesday, May 27, because no public requests for a hearing had been …
May 27, 2009
By KATHLEEN HAUGHNEY THE NEWS SERVICE OF FLORIDA THE CAPITAL, TALLAHASSEE, May 27, 2009… A Leon County grand jury tacked on perjury to the list of charges against former House Speaker Ray Sansom and former Northwest Florida State College President …
May 27, 2009
To view a complete story, click on a headline below: Florida ‘Consumer Choice’ Bill Angers Consumer Groups A Florida bill that would allow some insurers to charge rates above those approved by the Office of Insurance Regulation provided they …
May 27, 2009
On May 27, 2009, the Florida Office of Insurance Regulation (“OIR”) held a Rule Development Workshop on the following proposed Rules: 69O-149.003: Rate Filing Procedures 69O-149.005: Reasonableness of Benefits in Relation to Premiums 69O-149.007: Annual Rate Certification (ARC) Filing Procedures …