The Nevada Division of Insurance (“NDI”) has issued guidance on Credit for Reinsurance standards for Captive Risk Retention Groups (“RRGs”) filing on a U.S. Generally Accepted Accounting...
Florida’s Citizens Property Insurance Corporation’s (“Citizens”) Claims Committee meets via teleconference tomorrow, June 16, 2016, from 10 a.m. to 11:30 p.m. (ET) to review and approve a...
Capitol to Courthouse Florida Insurance Report – Wednesday, June 15, 2016
June 15, 2016
Category Archive - Seminars
Troubled Waters Panel Wades into Divisive Insurance Fight The CEO of one of Florida’s 10 biggest property insurers told a forum in Boca Raton Tuesday that inflated water-damage claims are “morally...
Capitol to Courthouse Florida Insurance Report – Tuesday, June 14, 2016
June 14, 2016
Category Archive - Seminars
Insurance Controversy Targeted In Florida Forum It’s the topic off the season in the insurance world. It pits insurance companies against contractors, attorneys and other third parties they blame for...
Alabama Department of Insurance Issues Two Bulletins to Property Casualty Insurers This Week
June 10, 2016
The Alabama Department of Insurance issued the following Bulletins to property and casualty insurers today, June 9, 2016 and yesterday, June 8 (to go directly to each complete bulletin, click on the hyperlinks below):...
NAIC to Activate Principle-Based Reserving Starting January 1, 2017
June 10, 2016
Category NAIC
The National Association of Insurance Commissioners (“NAIC”) announced today, June 10, 2016, that it has adopted a recommendation that will activate principle-based reserving (“PBR”) starting on...
THE NEWS SERVICE OF FLORIDA published the following interview with outgoing Florida Insurance Commissioner Kevin McCarty today, June 10, 2016: NEWS SERVICE OF FLORIDA HAS: FIVE QUESTIONS FOR KEVIN MCCARTYBy JIM...
Capitol to Courthouse Florida Insurance Report – Friday, June 10, 2016
June 10, 2016
Category Archive - Seminars
Florida Supreme Court Rejects Another Part of Workers’ Compensation System For the second time in less than two months, the Florida Supreme Court on Thursday ruled that part of the state’s workers’...
Following are excerpts from Colodny Fass’ May 2016 edition of “Florida Insurance Matters,” an update on recent insurance litigation in the State of Florida (to view the newsletter on its original Web...
Florida Supreme Court Rules Workers’ Compensation Disability Provision Unconstitutional in Westphal Case
June 9, 2016
Category Florida Workers' Compensation
Quashing the First District Court of Appeal ruling in the case of Westphal v. City of St. Petersburg Risk Management, the Florida Supreme Court has determined that certain portions of Florida’s...