Category: Insurance Regulatory News
Mar 25, 2009
The Florida Commission on Hurricane Loss Projection Methodology (“Commission”) met in Tallahassee on Thursday, March 19, 2009, to address potential issues and deficiencies in recent hurricane loss projection model submissions made under the 2008 standards. Concerns that were previously identified …
Mar 24, 2009
To view a complete story, click on a headline below: Sen. Bill Nelson moves to sustain Florida catastrophic hurricane fund Warning that “the big one is going to hit” inevitably, U.S. Sen. Bill Nelson called for federal loan guarantees …
Mar 24, 2009
The National Association of Insurance Commissioners (“NAIC”) Reinsurance Task Force (“Task Force”) has released a draft of federal legislation regarding implementation of the Reinsurance Regulatory Modernization Framework for comment by Thursday, April 23, 2009. Comments may be sent to Ryan …
Mar 24, 2009
CORRECTION: Please note the corrected information below regarding Week 6 of the Florida Legislative Schedule. Update on Economic Development Policy Packages House Bill 7031 relating to Economic Development by the House Economic Development and Policy Committee and Representative Jennifer …
Mar 24, 2009
Above: Florida Insurance Commissioner Kevin McCarty Florida Insurance Commissioner Kevin McCarty has been named “Regulator of the Year” by the LexisNexis Insurance Law Center’s Advisory Board. A press release from the Florida Office of Insurance Regulation about Commissioner McCarty’s …
Mar 24, 2009
REMINDER: Pursuant to the form issued, Citizens Property Insurance Corporation, in cooperation with the Florida Office of Insurance Regulation (“OIR”), has issued a reminder to all qualified insurers that wish to apply for Limited Apportionment Company status that applications must be …
Mar 23, 2009
To view a complete story, click on a headline below: Budget Squeeze May Axe All Florida Insurance Fraud Prosecutors Anti-fraud groups are slamming a budget-cutting scenario put out by Florida Department of Financial Services that would eliminate all seven …
Mar 23, 2009
Orlando Business Journal–March 23, 2009 Florida Insurance Commissioner Kevin McCarty threw support behind efforts to stop insurance companies from using credit scores in setting rates for their customers. McCarty said he applauds a National Association of Insurance Commissioners decision to …
Mar 23, 2009
Most South Florida homeowners are staying with State Farm for now, because they’re finding higher prices or less coverage as they shop around. By Julie Patel South Florida Sun-Sentinel–March 20, 2009 State Farm customers were expected to make a mad …
Mar 23, 2009
South Florida Business Journal–March 23, 2009 by Paul Brinkmann Chinese drywall samples give off sulfur gases and odor when exposed to extreme heat and moisture, according to a 60-page preliminary report released Monday by the Florida Department of Health. The …