Capitol to Courthouse Headliners: Wednesday, Oct. 17

Oct 17, 2007

Click on a headline to read the complete story:    White House Now Backs TRIA Extension WASHINGTON—The Bush administration late yesterday effectively threw in the towel to its opposition to an extension of legislation providing federal support for insurers after …

Meeting Recap: Florida Cabinet – October 16, 2007

Oct 17, 2007

On October 16, 2007, the Florida Cabinet (i.e., Governor Charlie Crist, Chief Financial Officer Alex Sink, Attorney General Bill McCollum and Agriculture Commissioner Charles Bronson) met in Tallahassee, Florida.  The Cabinet heard from several government organizations within its jurisdiction.  Below …

Citizens Reminder: Policy Assumption Dates and OIR Deadlines

Oct 17, 2007

Citizens Property Insurance Corporation(“Citizens”) is reminding insurers and agents of the Florida Office of Insurance Regulation (“OIR”) deadlines and requirements for pending assumption dates.  In order to participate in the assumption process, all required material must be submitted to the OIR …

OIR Cancels Cincinnati Hearing

Oct 16, 2007

The following information was just released by the Florida Office of Insurance Regulation (“OIR”): ———————————————————————– -FROM THE FLORIDA OFFICE OF INSURANCE REGULATION- MEDIA ADVISORY WHAT:     CINCINNATI COMPANIES PUBLIC HEARING CANCELLED WHEN:     Hearing was scheduled to take place Thursday, Oct. 18 …

Regulatory Update: Week of Oct. 15

Oct 16, 2007

Below are notices of upcoming meetings and regulatory hearings.  Representatives of this office will be in attendance at each and provide a report on the procedings. Should you have any questions or comments, please do not hesitate to contact this office. …

Capitol to Courthouse Headliners: Tuesday, Oct. 16

Oct 16, 2007

Click on a headline to read the complete story:   Allstate under state investigation TALLAHASSEE – Florida regulators have included Allstate in the state investigation of whether property insurers conspired to keep home premiums so high.   Allstate Reaps Financial …

Insure Louisiana Incentive Program – Public Hearing on Regulation 82

Oct 16, 2007

The Louisiana Department of Insurance (“Department”) adopted Emergency Rule 82 (“Rule”) in order to create standards, guidelines and procedures pertaining to the participation by property insurers in the Insure Louisiana Incentive Program (“Program”).  The Program was enacted through the passage …

Governor , OIR Announce Allstate Subpoenas; Imply Coincidental Rate Increases Are Collusion

Oct 16, 2007

In a press conference this afternoon, Florida Governor Charlie Crist and Insurance commissioner Kevin McCarty announced a detailed investigation into insurance industry practices via subpoenas issued to Allstate Insurance Company (“Allstate”) and its subsidiaries.   After the Governor voiced disappointement that homeowners insurance rates have not dropped more …