Category: Florida Office of Insurance Regulation
Nov 18, 2009
In his report to the Florida Cabinet yesterday, November 17, 2009, Florida Insurance Commissioner Kevin McCarty said he is optimistic for a “trimmed down” State Farm to maintain some of its Florida property insurance business. He added that December 17 hearing on …
Nov 11, 2009
On Tuesday, November 10, 2009, the Florida Office of Insurance Regulation held a Rule Development Workshop to discuss the incorporation of a new category of Motor Vehicle Service Agreement Companies called “Motor Vehicle Manufacturers” into the following existing regulations: 69O-200.004: …
Oct 30, 2009
The Florida Office of Insurance Regulation approved rate increase requests from Citizens Property Insurance Corporation (“Citizens”) yesterday, October 29, 2009. Citizens’ rate filings did not include the High-Risk Accounts, for which a public hearing is scheduled for November 10. The …
Oct 26, 2009
The Florida Office of Insurance Regulation (“OIR”) announced today, October 26, 2009, that it has approved the National Council on Compensation Insurance (“NCCI”) amended October 19, 2009 rate filing. Florida Insurance Commissioner Kevin McCarty had issued an initial Order on October …
Oct 23, 2009
A hearing before the Florida Division of Administrative Hearings (“DOAH”) has been scheduled for November 12, 2009 to determine the extent of the Florida Office of Insurance Regulation’s (“OIR’s”) authority under section 627.215, F.S., which authorizes the OIR to order …
Oct 22, 2009
The Florida Office of Insurance Regulation (“OIR”) held a Rule Development Workshop on October 21, 2009 regarding proposed Rule 690-137.002 entitled “Annual Audited Financial Reports.” To view the meeting notice, click here. Officials from both the OIR Life and Health …
Oct 13, 2009
Florida Insurance Commissioner Kevin McCarty issued an Order today, October 13, 2009, to National Home Protection, Inc. to cease and desist the unauthorized marketing and selling of home service warranty products. The Order, which came as result of an investigation …
Oct 8, 2009
The Florida Department of Financial Services, Office of Insurance Regulation (“OIR”) has issued a Notice of Rulemaking Development regarding proposed changes to the following Rule relating to insurer financial report audit requirements: 69O-137.002: Annual Audited Financial Reports Amendments to the …
Oct 6, 2009
On October 6, 2009, the Florida Office of Insurance Regulation (“OIR”) held a public hearing on the most recent workers’ compensation insurance rate filing by the National Council on Compensation Insurance (“NCCI”). To view the hearing agenda, click here. The …
Sep 30, 2009
The State Farm Florida property insurance market withdrawal final hearing has been moved back another 30 days to December 17. The hearing had recently been rescheduled from October to November 17. A.M. Best news coverage on the matter is reprinted …