Category: Florida News
May 26, 2009
Today, May 26, 2009, the Florida Office of Insurance Regulation (“OIR”) held a workshop on proposed Rule 690-142.015, entitled Standardized Requirements Applicable to Insurers After Hurricanes or Natural Disasters. OIR Assistant General Counsel Steve Fredrickson presided over the workshop. As …
May 22, 2009
Florida Governor Charlie Crist declared a State of Emergency today, May 22, due to severe storms and flooding in the State counties of Brevard, Clay, Duval, Flagler, Lake, Nassau, Orange, Putnam, Seminole, St. Johns and Volusia. The Governor’s Executive Order …
May 22, 2009
As you are aware, Demotech Inc. has been in the process of revising or confirming its Financial Stability Ratings for its rated Florida companies based on issues related to the liquidity of the Florida Hurricane Catastrophe Fund. Should you receive …
May 22, 2009
To view a complete story, click on a headline below: New federal legislation would give South Florida homeowners an insurance break Policy holders would get relief, have more options South Florida homeowners could get a break from soaring property …
May 22, 2009
Tuesday, May 26 OIR Rule Hearing The Florida Department of Financial Services, Office of Insurance Regulation (“OIR”) has issued a Notice of Rulemaking Development regarding the following Rule relating to insurer claims reporting requirements: 69O-142.015: Standardized Requirements Applicable …
Demotech, Inc. Releases Financial Stability Ratings for Florida Property Insurance Companies: May 21
May 22, 2009
As part of its ongoing review and analysis of Florida’s property and casualty insurance market, Demotech, Inc. released the attached Financial Stability Ratings for Florida property insurance companies on Thursday, May 21, 2009. Should you have any questions or …
May 21, 2009
On Tuesday, May 19, 2009, the Florida Commission on Hurricane Loss Projection Methodology (“Commission”) reviewed and approved the AIR Worldwide Corporation Atlantic Tropical Cyclone Model V11.0 (“AIR V11.0”) as part of its regular meeting agenda. The following is a brief …
May 21, 2009
On Wednesday, May 20, 2009, the Board of Employee Leasing Companies (“Board”) met to consider employee leasing company applications, controlling person applications, de minimis exemption and registration applications and employee leasing company name changes. The following employee leasing company and …
May 21, 2009
To view a complete story, click on a headline below: Fla. Senator Mike Bennett wants insurance chief to resign Sen. Mike Bennett, R-Bradenton, wrote Insurance Commissioner Kevin McCarty that lawmakers can no longer trust his word after he suggested …
May 21, 2009
Florida Insurance Commissioner Kevin McCarty, along with National Association of Insurance Commissioners representatives, met with Congress members this week to advocate the preservation of state-based insurance regulation. A press release from the Florida Office of Insurance Regulation on the meeting …