Category: Florida News

The Florida Office of Insurance Regulation today issued an Informational Memorandum notifying insurers of their legal requirements in advance of the sunset of Florida’s no-fault/PIP laws on October 1, 2007. A copy of the Memorandum is attached for your review. …

A detailed outline of H.R. 2761, the Terrorism Risk Insurance Revision and Extension Act of 2007 (as of August 1, 2007) is enclosed, courtesy of Ethan Sonnichsen, National Association of Insurance Commissioners (“NAIC”) Washington D.C. staff. An NAIC Terrorism Insurance Implementation (C) …

On August 2, 2007, this office attended a public hearing at the Office of Insurance Regulation (“OIR”) on Proposed Rule 690-142.200 entitled “Military Sales Practices.”  The purpose of the Rule is to protect active duty military servicemen and servicewomen from …

The National Association of Insurance Commissioners (“NAIC”) has issued a summary analysis of H.R. 1065, which passed the United States House of Representatives without amendment on June 25, 2007.  In the U.S. Senate, the bill has been read twice and referred …

Click on a headline to read the complete story:   Bill introduced to stabilize homeowners insurance, lower costs WASHINGTON — Responding to a string of hurricanes that have torn through their districts in recent years, U.S. Reps. Tim Mahoney and …

The Board of Governors (“Board”) of Citizens Property Insurance Corporation (“Citizens”) met on August 2, 2007.  The agenda is enclosed for your review. Chairman Douglas opened the meeting by wishing the Board a Happy Anniversary—August 2 marks Citizens’ fifth year …

Citizens Property Insurance Corporation issued the following news today regarding its strengthened financial foundation.  Should you have any comments or questions, please do not hesitate to contact this office.   Citizens Property Insurance Corporation Hears Financial Good News TALLAHASSEE, Fla. …

The Finance and Investment Committee (“Committee”) of Citizens Property Insurance Corporation (“Citizens”) met on August 2, 2007 to discuss the status of Citizens’ liquidity financing and investment reports. To view the agenda, click here. Liquidity Financing John Forney from Raymond …

A conference call of the Task Force on Citizens Property Insurance Claims Handling and Resolution (“Task Force”) took place on August 1, 2007. To view the conference call agenda and accompanying documents, click here. Established in January 2007, the Task …

The Florida Financial Services Commission, on behalf of the Florida Office of Insurance Regulation (“OIR”) has issued a Notice of Proposed Rulemaking on Rule 690-142.200 relating to military sales practices. The purpose of the Rulemaking is to set forth standards …