Category: Insurance Regulatory News

  Florida Appeals Court Sides With State Farm on Policy Information An Appeals Court Monday sided with State Farm Florida in a dispute about whether Policy Information submitted to State Regulators is a “Trade Secret” and should be shielded from …

  Florida’s First District Court of Appeal has sided with State Farm Florida in its dispute with the Florida Office of Insurance Regulation over whether policy information submitted to state regulators is a “trade secret” and should be shielded from …

  According to Florida’s Citizens Property Insurance Corporation (“Citizens”), the State-run insurer’s self-service capabilities and associated transaction volumes are well behind industry benchmarks for policyholders.  To initiate efforts toward change, Citizens’ Consumer Services Committee will review a proposed feasibility study …

    Please Note the Corrected Name of the Florida Hurricane Catastrophe Advisory Council.   The Florida Hurricane Catastrophe Fund Advisory Council will consider major proposed revisions to Rule 19-8.028, F.A.C., “Reimbursement Premium Formula” at a meeting scheduled for Thursday, …

  Florida Senate Insurance Premium Tax Break Repeal May Be on the Ropes Senator Anitere Flores, a Miami-Dade Republican and Negron’s right hand in the Chamber, is running the Bill (SB 378) to pay for a Cut in the State’s Tax on …

  Florida Insurance Commissioner David Altmaier will moderate a panel at the upcoming National Association of Insurance Commissioners’ (“NAIC’s”) 11th Annual International Insurance Forum in Washington, D.C., May 15-16, 2017. To register, click here. The NAIC’s annual forum explores developments and …

  The following is the complete text of a news release issued by Demotech, Inc. on March 16, 2017: Reserving, Reinsurance, Recapitalization, and Ratings Columbus, Ohio, March 16, 2017– Two facts underlie Demotech’s most recent efforts to stabilize the property …

  Florida Property Insurers Largely Avoid Downgrades, For Now, Demotech Says Ratings company Demotech is holding off on issuing Large-Scale Ratings Downgrades of Florida Property Insurers for now, after a number of Insurers heeded its warning of last month about …

  Citizens Insurance Buying Back $300 Million in Catastrophic Coverage Citizens Property Insurance can buy back some $300 Million in Reinsurance against a Catastrophic Storm because the risk of that happening is now projected to have fallen.  Michael Moline reports …

  AOB Reform Passes Florida House Subcommittee, But It Wasn’t Pretty The Legislature has been arguing over Assignment of Benefits Reform for years, to no avail. Tuesday, Tampa Republican James Grant found out why — the hard way.  FloridaPolitics.com’s Michael …