Jul 19, 2016
The U.S. Department of the Treasury advised today, July 19, 2016, that the Financial Markets Regulatory Dialogue (“FMRD”) will now be known as the Joint U.S.–E.U. Financial Regulatory Forum (“Forum”). The Forum should be understood to represent the views …
Jul 19, 2016
A contested competitive solicitation for Florida’s Citizens Property Insurance Corporation’s (“Citizens’”) Water Mitigation Estimate Review Program (“Program”) was ultimately approved unanimously by the State-run insurer’s Board of Governors this morning, July 19, 2016. With an estimated annual expenditure of …
Jul 19, 2016
Florida Steps up Fraud Fight with New Division of Investigative and Forensic Services The Florida Department of Financial Services is enhancing its Law Enforcement Strategy to fight fraud in the State by integrating its current units and forming the …
Jul 18, 2016
Above: Jeff Rainey Former Florida Office of Insurance Regulation (“OIR”) Financial Analyst Jeff Rainey has joined Colodny Fass in its Tallahassee office, the law firm announced today, July 18, 2016. Mr. Rainey, who served the OIR since 2006, most recently held …
Jul 18, 2016
Florida Insurance Chief David Altmaier Off To Good Start If David Altmaier’s first two months are any indication, Governor Rick Scott and the Florida Cabinet were right to make Altmaier the State’s top Insurance Regulator, the Orlando Sentinel Editorial …
Jul 8, 2016
In a case of potential significance for insurers that accept credit card payments for insurance premiums, Florida Attorney General Pam Bondi asked the U.S. Supreme Court to hear a case involving the constitutionality of s. 501.0117(1), F.S., which prohibits …
Jul 8, 2016
GEICO’s Zero Tolerance for Fraud Leads to Filing RICO Lawsuit in Florida To prove its point that GEICO has a zero tolerance policy regarding insurance fraud, GEICO last month filed a Lawsuit in Florida aimed at five companies and …
Jul 7, 2016
In Advisory Letter 2016-02 issued today, July 7, 2016, Louisiana Insurance Commissioner Jim Donelon advised all producer agencies on the mandatory reporting requirements of La. R.S. 22:1546 (B), explaining that some may be unaware of and are failing to …
Jul 7, 2016
The Florida Hurricane Catastrophe Fund (“FHCF”) published a number of updates today, July 7, 2016: 1. The Operations Questions and Advance Records and Information have been posted for FHCF Contract Year 2016/2017. To view them, click here. 2. In …
Jul 7, 2016
Justices Asked to Rule on Florida’s Credit Card Surcharge Law Florida Attorney General Pam Bondi is asking the U.S. Supreme Court to take up a dispute about the constitutionality of a Florida Law that has blocked businesses from imposing …