Category: Florida News

  On September 29, 2010, the Florida State Board of Administration’s (“SBA”) Florida Hurricane Catastrophe Fund (“FHCF”) held a Rule Development Workshop to discuss the following proposed Rules, addendums and respective forms (click on the hyperlinks to access the full …

  The National Council on Compensation Insurance (“NCCI”) public rate hearing scheduled for tomorrow, October 5, 2010, at 9:00 a.m. will be Webcast live on The Florida Channel’s “TFC2.”  To access the Webcast, click here.  NCCI has requested an average …

  Insurer coverage selections and premium calculations for the 2009/2010 Florida Hurricane Catastrophe Fund (“FHCF”) Contract Year have been updated as of September 30, 2010.  To view this data, click here. Coverage selections and premium calculations also have been updated …

  To view a complete story, click on a headline below:   Blog:  Are Florida home insurers spending too much on overhead? The state’s insurance regulators and consumer advocates grilled Sunshine State Insurance Thursday about its request to raise rates …

The following news release was issued on October 1, 2010 by the office of Governor Charlie Crist: TALLAHASSEE – Governor Charlie Crist today announced the appointment of Margaret E. Sojourner of Orlando as Judge of Compensation Claims. “Margaret’s extensive experience …

Following is a listing of insurance-related Florida regulatory events for the week of October 4-8, 2010: All times are Eastern Time.  Additional information is available via hyperlink were noted in bold type.   FLORIDA INSURANCE REGULATORY EVENTS        Tuesday, October 5 Florida …

  To view a complete story, click on a headline below:   Blog:  Sunshine State Insurance proposes 25 percent rate hike Regulators will question Sunshine State Insurance Co. today about its request to raise rates by an average 25 percent …

  To view a complete story, click on a headline below:   News Release:  Florida Insurance Commissioner Addresses Reinsurance Professionals in Bermuda Yesterday the Florida Insurance Commissioner was in Bermuda to address the Board of Directors for two prominent reinsurance …

A Florida Hurricane Catastrophe Fund (“FHCF”) Rule Development Workshop (“Workshop”) is being held today, September 29, 2010 to review updates to the FHCF’s 2011/2012 Reimbursement Contract, Premium Formula, and Insurer Reporting Requirements and Responsibilities Rules.  To view the agenda, click …

  Effective September 21, 2010, Rule 69O-137.002, entitled “Annual Audited Financial Reports”(also known as the ‘Model Audit Rule’) was revised to improve the Florida Office of Insurance Regulation’s surveillance of insurers’ financial condition, as well as conform the existing Rule …