Category: Insurance Regulatory News
Oct 17, 2008
Daytona News-Journal–October 17, 2008 By JAY STAPLETONStaff writer DAYTONA BEACH — A jury found Thursday that state-run Citizens Property Insurance Corp. should pay an additional $950,000 to owners of a condominium in Daytona Beach Shores for damages sustained during Hurricane …
Oct 17, 2008
St. Petersburg Times–Oct 16, 2008 By Times Staff Writer A subsidiary of Clearwater startup Homeowners Choice has taken 45,000 home insurance policies from Citizens Property Insurance. The policies are centered in Dade, Pinellas, Broward, Palm Beach and Hillsborough counties. State …
Oct 17, 2008
Keys Net–October 17, 2008 BY BEATRICE E. GARCIA American International Group’s insurance units continue to write policies in Florida, despite the financial woes of the parent company. The insurance subsidiaries represent the healthier parts of AIG. The 34 property-and-casualty companies …
Oct 17, 2008
Treasure Coast Palm–October 16, 2008 By Eric Pfahler ST. LUCIE COUNTY — County administrator Doug Anderson sent a letter to Federal Emergency Management Agency assistant administrator Carlos Castillo on Thursday asking why the county has not received more than $1.5 …
Oct 17, 2008
To view a complete story, click on a headline below: Allstate sues 13 Florida firms, says they staged accidents Allstate Insurance has sued 13 Florida companies, including auto body shops, tow truck operators, chiropractic clinics and their owners and some …
Oct 17, 2008
The following insurance-related administrative actions were posted on Friday, October 17, 2008. Notice of Change: Public Hurricane Loss Projection Model-Fee Schedule 69O-170.0144: Public Hurricane Loss Projection Model-Fee Schedule The following changes have been made to this proposed Rule: This Rule …
Oct 17, 2008
On Wednesday, October 15 and Thursday, October 16, 2008, the National Association of Insurance Commissioners (“NAIC”) held meetings of the Valuation Method Principles-Based Reserve Life and Reinsurance Subgroups (“Life Subgroup” and “Reinsurance Subgroup”) of the Life and Health Actuarial Task …
Oct 16, 2008
Insurance Journal–October 16, 2008 Florida Insurance Commissioner Kevin McCarty disapproved a worker’s compensation rate filing that the National Council on Compensation Insurance submitted on Aug. 27. McCarty ordered NCCI to make an amended filing to reduce the rates of workers’ …
Oct 16, 2008
South Florida Sun-Sentinel–October 15, 2008 By Susannah Bryan DAVIE – To avoid layoffs, the town is counting on $700,000 in fees from a controversial plan that would bill drivers who cause accidents. But the Town Council delayed a decision on …
Oct 16, 2008
A Citizens windstorm policy change is confusing for homeowners. Agents are left to explain the process and reasons for the change, which could result in price hikes for some clients. BY BEATRICE E. GARCIAMiami Herald–October 16, 2008 An administrative change …