Category: Florida Office of Insurance Regulation
Feb 17, 2009
On Tuesday February 17, 2009, a Colodny Fass representative attended a Rule Development Workshop held at the Florida Office of Insurance Regulation (“OIR”) in Tallahassee, FL. The focus of the Workshop was to incorporate “Motor Vehicle Manufacturers” as a …
Feb 17, 2009
The Florida Office of Insurance Regulation (“OIR”) will hold a hearing on Wednesday, February 18, 2009 to take public testimony regarding the use of credit scoring, credit history and credit models by insurers in the underwriting and rate-setting process in …
Feb 13, 2009
After issuing an Order today, February 13, 2009, in which State Farm Florida Insurance Company’s plan to withdraw its property insurance coverage from the Florida market was conditionally approved, Florida Insurance Commissioner Kevin McCarty held a press conference, during which he answered …
Feb 13, 2009
The Florida Office of Insurance Regulation (“OIR”) announced today, February 13, 2009, that Florida Insurance Commissioner Kevin McCarty has conditionally approved State Farm Florida Insurance Company’s plan to withdraw its property insurance coverage from the Florida market. Commissioner McCarty is scheduled to be …
Feb 10, 2009
The News Service of Florida reported today, February 10, 2009, that State Farm turned over documents to the Florida Office of Insurance Regulation in response to a January 29, 2009 Subpoena related to the company’s plan to withdraw property insurance …
Feb 10, 2009
The Florida Office of Insurance Regulation (“OIR”) issued a Final Order today, February 10, 2009, approving the National Council on Compensation Insurance’s (“NCCI”) amended rate filing requesting a 6.4 percent increase in workers’ compensation insurance rates to be effective April …
Feb 9, 2009
The Florida Department of Financial Services, Office of Insurance Regulation has issued a Notice of Proposed Rule regarding the following Rule: 69O-175.008: Unfair Discrimination in Private Passenger Motor Vehicle Insurance Rates – Based on History of Accidents The purpose of …
Feb 6, 2009
The Florida Office of Insurance (“OIR”) will hold public meetings on Tuesday, February 17 and Wednesday, February 18, 2009 on Rule 69O-125.005: Use of Credit Reports and Credit Scores by Insurers. Meeting details are as follows: Tuesday, February 17 …
Feb 4, 2009
In a letter dated Tuesday, February 3, 2009, Florida Chief Financial Officer (“CFO”) Alex Sink urged the President of State Farm Florida Insurance Company (“State Farm”) to allow the company’s agents to place policyholders with any licensed property insurance company …
Jan 29, 2009
Governor Charlie Crist issued the following statement today, January 29, 2009 regarding the Florida Office of Insurance Regulation’s subpoena of State Farm “I support (Florida Insurance) Commissioner McCarty using the tools available to ensure State Farm’s withdrawal from our insurance …