The Florida Office of Insurance Regulation issued Informational Bulletin OIR-16-07M on October 3, 2016 reminding residential property insurers in the State of Florida that Tropical Storm/Hurricane Hermine was not declared a hurricane by the National Hurricane Center of the …

  The National Association of Insurance Commissioners’ (“NAIC”) Financial Condition Committee (“Committee”) is in process of considering and developing contingency regulatory plans ” . . . to continue to protect U. S. consumers and U. S. ceding insurance companies from …

  Members of the two national task forces convened by the Federal Reserve to make payments faster and more secure have begun to review and discuss 19 specific proposals submitted by interested task force members across the payments industry that …

SEPTEMBER 2016 Florida Insurance Matters is a monthly update on Florida insurance-related legal developments by the Colodny Fass Insurance Litigation Practice, recognized as the 2014 Insurance Litigation Department of the Year in South Florida by the Daily Business Review. About …

  The U.S. Department of the Treasury’s Federal Insurance Office (“FIO”) released its fourth Annual Report on the Insurance Industry on September 30, 2016.  Under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the FIO must report …

  Governor Scott Issues State of Emergency, Urges Caution in Florida as Hurricane Matthew Bears Down on Haiti Scott said he is Signing the Executive Order “to Ensure we have Resources for Evacuations, Sheltering and other Logistical Needs across our State.”  The …

  Comments are being accepted until October 21, 2016 by the Florida Division of Workers’ Compensation on the following proposed Rules (to view the corresponding Notice of Proposed Rule, click on the corresponding hyperlinks below): 69L-7.501:  The proposed Rule is …

  The Florida Office of Insurance Regulation (“OIR”) submitted its five-year Long Range Program Plan to Governor Rick Scott’s Office and the Appropriations Committees of both the Florida House and Senate this past Friday, September 30, 2016. The OIR is …

  The Florida House of Representatives’ Insurance and Banking Subcommittee would be under the oversight of a newly created “Commerce Committee” as proposed by Florida House Speaker Designate in a memorandum issued Friday, September 30, 2016.   The proposed committee …

  Florida Supreme Court Rules in Ocala Sinkhole Case The Florida Supreme Court ruled in favor of an Ocala Woman in an Opinion filed Thursday. Her Case asked the High Court to consider whether she or her Insurance Company should …