Category: Insurance Regulatory News

South Florida Legal Guide Names Colodny Fass as “Top Law Firm”

Aug 26, 2008

Shareholders, Partners All Recognized Individually for Accomplishments South Florida Legal Guide has named Colodny Fass as a “Top Law Firm” of 2009. As an added testament, all Colodny Fass Shareholders–Mike Colodny, Joel Fass and Maria Elena Abate–were selected for individualֲ …

Capitol to Courthouse Headliners: Tuesday, August 26

Aug 26, 2008

To view a complete story, click on a headline below: Veto of State Farm’s rate hike bid could roil market in Fla. Florida insurance regulators said Monday that they expect to reject State Farm Florida’s proposed homeowners insurance rate hike …

NAIC Property and Casualty Committee Meeting Report: August 25

Aug 26, 2008

On Monday, August 25, 2008, the National Association of Insurance Commissioners (“NAIC”) held a Property and Casualty Insurance Committee (“Committee”) meeting to discuss proposed amendments to the Medical Professional Liability Closed Claim Reporting Model Law (“Model Law”). To view the …

OIR to Hold August 28 STOLI Insurance Information Hearing

Aug 26, 2008

The Florida Office of Insurance Regulation (“OIR”) will hold an August 28, 2008 informational hearing on business arrangements known as Stranger Owned Life Insurance, Stranger-Oriented Life Insurance, Stranger Originated Life Insurance or Speculator Initiated Life Insurance (“STOLI”). The hearing, which …

NAIC Risk-Based Capital Working Group Meeting

Aug 26, 2008

> The National Association of Insurance Commissioners will hold a Risk-Based Capital Working Group meeting on August 26 at 3:00 p.m. via teleconference to discuss the ACLI Mortgage Experience Adjustment Factor Proposal. Meeting materials include: ACLI Mortgage Experience Adjustment Factor …

Four Florida Counties Declared Disaster Areas from Fay

Aug 25, 2008

The Ledger–August 24, 2008 THE ASSOCIATED PRESS MIAMI | President Bush declared Sunday that four Florida counties hit hardest by Tropical Storm Fay are major disaster areas, making them eligible for federal aid. The declaration makes funds available for emergency …

8,398 claims filed for Tropical Storm Fay

Aug 25, 2008

Miami Herald–August 25, 2008 BY BEATRICE E. GARCIA The four largest property insurers in the state have received a total of 8,398 claims so far for Tropical Storm Fay. Citizens Property Insurance, the state-run company and the largest insurer of …