Category: Insurance Regulatory News
Jul 7, 2008
The National Association of Insurance Commissioners (“NAIC”) Reinsurance (E) Task Force (“Task Force”) has scheduled an open interim meeting for July 23-25, 2008 in New York, NY. The Task Force previously met during 2008 in multiple regulator-to-regulator formats where development of the Reinsurance …
Jul 3, 2008
Palm Beach Post–July 2, 2008 TALLAHASSEE, Fla. — Florida residents might see an increase in property insurance rates because of a plan to bolster the Florida Hurricane Catastrophe Fund. State officials on Wednesday approved a plan to spend $224 million …
Jul 3, 2008
Herald-Tribune–July 3, 2008 By Joe Follick H-T CAPITAL BUREAU TALLAHASSEE — – The state placed a $220 million bet Wednesday as a hedge against catastrophic hurricane damage this year, but decided at the last minute to protect Floridians from higher …
Jul 3, 2008
News-Journal–July 03, 2008 By JIM SAUNDERSTallahassee bureau chief TALLAHASSEE — Worried about financial problems if major hurricanes slam Florida, state leaders are turning to billionaire Warren Buffett for backup. Gov. Charlie Crist and two Cabinet members moved forward Wednesday with …
Jul 3, 2008
St. Petersburg Times–July 2, 2008 By Steve Bousquet, Tallahassee Bureau Chief TALLAHASSEE — Florida’s search for a new chief investment manager is closing in on a familiar name: Ashbel Williams, who had the job for the first half of the …
Jul 3, 2008
National Underwriter–July 2, 2008 BY ARTHUR D. POSTAL The Capital Markets Subcommittee of the House Financial Services Committee has tentatively scheduled action for July 9 on legislation that would create an Office of Insurance Information within the Treasury Department. The …
Jul 3, 2008
Catherine J. Weatherford, Executive Vice President and CEO of the National Association of Insurance Commissioners (“NAIC”) for the past 12 years, today, July 3, 2008, announced that she will be leaving the association. It is anticipated Weatherford will continue to …
Jul 3, 2008
 To view a complete story, click on a headline below:  State officials approve plan to shore up CAT fund Florida residents might see an increase in property insurance rates because of a plan to bolster the Florida Hurricane …
Jul 3, 2008
Florida Governor Charlie Crist yesterday, July 2, 2008, released a statement regarding the Release of Intent to Negotiate for the Cover Florida Plan. The Release of Intent opens the negotiation process for insurance companies to submit Cover Florida plan proposals …
Jul 2, 2008
Miami Herald–July 02, 2008 BY GARY FINEOUT Florida consumers may get hit with a 2.5 percent hike in their property insurance bills, thanks to a state plan to shore up the fund that helps cover insurance company losses from hurricanes. …