Category: Florida Legislative News

  Federal Insurance Office Director Michael McRaith testified before the U.S. House Financial Services Subcommittee on Housing And Insurance at a hearing entitled “The Impact of US-EU Dialogues on U.S. Insurance Markets” today, September 28, 2016.  The hearing examined the process …

  In a press release issued last Friday, September 23, 2016, the Council of Insurance Agents & Brokers (“CIAB” or “Council”) applauded H.R. 6159, which was introduced the same day by U.S. Representatives John Larson and Ed Royce.  The CIAB …

  Federal Insurance Office Director Michael McRaith and Tennessee Insurance Commissioner and National Association of Insurance Commissioners Vice President Julie Mix McPeak will be on the witness panel for the U.S. House Financial Services Subcommittee on Housing and Insurance hearing …

  Private insurers’ takeout offers could be more readily accepted after implementation of Florida’s Citizens Property Insurance Corporation’s (“Citizens”) “Depopulation Enhancements for Policyholder Choice” Program (“Program”), which will be reviewed at Citizens’ Market Accountability Advisory Committee meeting tomorrow, September 27, …

  Monitoring the regulatory treatment and transparency of captive reinsurers and their transactions should be a continued focus by state insurance regulators, the Financial Stability Oversight Council said in its 2016 Annual Report released yesterday, September 22.   To view the …

  The Federal Emergency Management Agency  (“FEMA”) is justified in not implementing Community-Based Flood Insurance (“CBFI”), the U.S. Government Accountability Office (“GAO”) reported on August 24, 2016 in its statutory review of a related FEMA study published earlier this year.  …

  Due to the State of Emergency and the historic flooding in parts of Louisiana, Insurance Commissioner Jim Donelon is promulgating Emergency Rule 27, which retroactively suspends statutory provisions of the Insurance Code concerning cancelations, terminations, nonrenewals, and nonreinstatements of …

  Does the current regulatory environment pose barriers to growing the private flood insurance market?  This was the question the U.S. Government Accountability Office (“GAO”) set out to answer in its recent report (GAO-16-611) issued during July 2016 entitled “Potential …

  The Louisiana Department of Insurance issued Bulletin No. 2016-05 today, July 29, 2016, to advise that all domestic property and casualty insurers that transact business in terrorism related coverage lines will be examined and the information sought will need …

  Joint Statement On U.S.-EU Negotiations For A Bilateral Agreement On Insurance And Reinsurance Measures The U.S. Treasury and European Union released the following joint statement today, July 28, 2016: WASHINGTON – The United States and the European Union today released …