Category: Florida Office of Insurance Regulation
Dec 18, 2009
The Florida Health Insurance Advisory Board (“FHIAB”) met on December 15, 2009. Florida Insurance Commissioner Kevin McCarty, who chairs the FHIAB, was not present, so Florida Deputy Insurance Commissioner Mary Beth Senkewicz chaired the meeting instead. To view the agenda, click …
Dec 16, 2009
Under the terms of a consent order that was announced today, December 16, 2009, by the Florida Office of Insurance Regulation (“OIR”), State Farm Florida will keep the majority of its property insurance business in the State in exchange for …
Dec 16, 2009
Florida Insurance Commissioner Kevin McCarty has scheduled a news conference from 11 a.m. to noon today, December 16, 2009, during which he is expected to provide an update on issues related to State Farm Florida’s proposed withdrawal from the State’s property …
Dec 15, 2009
A Rule Hearing previously scheduled for January 4, 2010 on a mandated report card that would be used by the Office of the Florida Insurance Consumer Advocate in grading authorized Florida residential property insurers was withdrawn today, December 15, 2009. …
Dec 8, 2009
Florida Insurance Commissioner Kevin McCarty chaired a public hearing held by the National Association of Insurance Commissioners (“NAIC”) Catastrophe Insurance Working Group of the Property and Casualty Insurance Committee on December 7, 2009 as part of the NAIC 2009 Winter …
Dec 4, 2009
In a November 13, 2009 memorandum to National Association of Insurance Commissioners (“NAIC”) Property and Casualty committee members, Florida Insurance Commissioner Kevin McCarty stated that, in light of recent developments surrounding the Chinese drywall issue, a national public hearing has been scheduled for …
Dec 2, 2009
Florida Insurance Commissioner Kevin McCarty responded to California Insurance Commissioner Steve Poizner’s announcement today, December 2, 2009, that certain insurance companies licensed to do business in California have admitted to holding $12 billion in investments in companies that do business with …
Nov 23, 2009
The Florida Financial Services Commission, Office of Insurance Regulation (“OIR”) has issued a Notice of Proposed Rule regarding the following insurance premium discount for hurricane loss mitigation Rule: 69O-170.0155: Forms The proposed Rule amendments would adopt revised versions of Form …
Nov 20, 2009
The Florida Office of Insurance Regulation approved Citizens Property Insurance Corporation (“Citizens”) High-Risk Account rate increase request on November 19, 2009. The advisory is reprinted below. To view Florida Insurance Commissioner Kevin McCarty’s Order, click here. Rate increases for Citizens’ …
Nov 18, 2009
The Florida Financial Services Commission, Office of Insurance Regulation (“OIR”) has issued a Notice of Proposed Rulemaking regarding Rule 69O-236.001 relating to the annual insurer report card required by Florida law to be used by the Florida Office of the …