Category: Florida Office of Insurance Regulation

Florida Insurance Commissioner Kevin McCarty issued a statement today, September 17, 2008, assuring that, if it should become necessary, the Florida Office of Insurance Regulation will intervene immediately if it becomes evident that any of the 46 AIG subsidiary companies …

Florida’s Insurance Commissioner received authorization from the Florida Financial Services Commission today, September 16, 2008, to use his discretion in allowing the financially strongest unaccredited reinsurance companies to conduct business in Florida without having to post 100 percent collateral. To view a …

To address an increased workload of insurer financial examinations and enable the transition to a risk assessment approach as required for National Association of Insurance Commissioners accreditation, the Florida Office of Insurance Regulation (“OIR”) requested increased budget authority in the Insurance Regulatory Trust Fund …

The Florida Office of Insurance Regulation (“OIR”) today (September 9, 2008) ordered State Farm Florida to issue refunds or credits to past and current policyholders who did not apply for, or who did not receive the Windstorm Loss Reduction Rating Plan …

Florida Insurance Commissioner Kevin McCarty today, September 9, 2008, announced the appointment of six additional members to the new Developmental Disabilities Compact Consumer Advisory Workgroup. The primary Developmental Disabilities Compact Consumer Advisory Workgroup members are: Jeanne Boggs, Parent Robin Bokilo, …

With its first meeting previously canceled due to inclement weather, the Florida Developmental Disabilities Compact Workgroup and related Consumer Advisory Workgroup now will meet on Thursday, September 18, 2008 from 8:45 a.m. to 12:45 p.m. in the Florida Senate Office …

The Florida Office of Insurance Regulation (“OIR”) issued two Emergency Orders on Friday, September 5, 2008 to all health insurers and health maintenance organizations regarding the anticipated impact of Hurricane Ike on Florida consumers. To view the Orders, click here and here. The …

The Florida Office of Insurance Regulation (“OIR”) has issued the press release below today, September 5, 2008, detailing its rejection of State Farm Florida’s petition for a formal hearing on the OIR’s August 25 Notice of Intent to disapprove the insurer’s 47.1 …

The Florida Office of Insurance Regulation (“OIR”) had scheduled a Workshop for today, September 4, 2008, on proposed Rules 69O-138.001, entitled NAIC Financial Condition Examiners Handbook Adopted and 69O-137.001, entitled Annual and Quarterly Reporting Requirements. However, because the Workshop was …

The Reinsurance Association of America (“RAA”) submitted a letter yesterday, September 2, 2008, to the Florida Financial Services Commission that is critical of the Florida Office of Insurance Regulation’s proposed Rule 69O-144.007: Credit for Reinsurance from Eligible Reinsurers. In the …