Category: Florida News

The following articles were recently published regarding the Florida insurance market and proposed changes in property insurance laws: “Crisis at Hand” “Insurers Struggle” Should you have any questions, please do not hesitate to contact Colodny Fass.

Please see the following email which we received from the Florida Office of Insurance Regulation (OIR) indicating that OIR intends to issue an Informational Memorandum on April 17th changing the reporting schedule for Hurricane Wilma. Should you have any questions, …

On April 12, 2006, a conference call was held by A.M. Best regarding changes that have been made to its Catastrophe Stress Test (the “Test”). The Test allows A.M. Best to evaluate insurers’ financial strength to reflect their ability to …

Click here to read an article regarding estimates made by Florida’s Public Hurricane model. Please feel free to contact this office with any questions or concerns you may have.  

Please see the Press Release issued by the Florida Office of Insurance Regulation today regarding the Public Hurricane Model. Please feel free to contact this office with any questions or concerns you may have.   04/12/2006 PUBLIC HURRICANE MODEL ESTIMATES, …

Click here to read a news release issued by A.M. Best regarding modifications they are making to their catastrophe stress test in response to pressure they have received as to the impact the more stringent requirements are having on reinsurers’ …

Please find attached an article from the business section of today’s Miami Herald concerning the impact of rising reinsurance costs on small insurance firms. Regards, Erin Treacy

The Citizens Claims Committee (“Claims Committee”) held a meeting on April 6, 2006 during which the following topics were discussed: The possibility of running Florida Crime Information Center (“FCIC”) and National Crime Information Center (“NCIC”) criminal background checks on its …

Today the Office of Insurance Regulation (OIR) held a hearing regarding Rule 690-136.019 relating to the Insurance Administrator Annual Report and Licensure Application. The proposed rule adopts forms that Insurance Administrators must submit to OIR to apply to do business …

On April 4, 2006, the Financial Services Commission (FSC) held a meeting. The FSC consists of Governor Jeb Bush, Chief Financial Officer Tom Gallagher, Attorney General Charlie Crist and Agriculture and Consumer Services Commissioner Charles Bronson. The FSC approved five …