Category: Insurance Regulatory News

To address certain concerns expressed regarding proposed Rule 69O-144.007 Credit for Reinsurance from Eligible Reinsurers, the Florida Office of Insurance Regulation (“OIR”) has issued a Notice of Change with revisions to the Proposed Rule. Although no further hearing yet has …

  The National Association of Insurance Commissioners (“NAIC”) Reinsurance Task Force has scheduled an open interim meeting in New York City from July 23-25, 2008 to attempt to finalize its 2008 Reinsurance Regulatory Modernization Proposal.  The Proposal, which has been …

South Florida Business Journal–July 1, 2008 Gov. Charlie Crist has signed a bill containing new regulations on the sale of annuities. The bill is aimed at the practice of inducing consumers to cash in funds from a current investment or …

Orlando Sentinel–July 1, 2008 Aaron Deslatte Tallahassee Bureau TALLAHASSEE For the second consecutive year, Florida’s policymakers are betting the state won’t be hit by a major hurricane. Gov. Charlie Crist and the Florida Cabinet had told the state’s risk managers …

Wall Street Journal–July 1, 2008 By M.P. MCQUEEN Scientists say the jury is still out on whether rising sea temperatures will cause more hurricanes to hit U.S. coastlines. Yet some insurance companies are boosting premiums based on assumptions that they …

South Florida Sun-Sentinel–June 30, 2008 By Diane C. Lade The state has obtained an $8.5 million civil judgment against two owners of a company that sold elder Floridians assisted-living service contracts, then failed to reimburse home health agencies for at-home …

Insurance Journal–July 1, 2008 Florida faces a crisis in meeting the demand for aging services over the next 22 years as the population aged 85 and older is forecast to grow by 126 percent. This will require 15,000 more skilled …

Florida Insurance Commissioner Kevin McCarty today, July 1, 2008, affirmed the ruling of administrative law judge Susan B. Harrell regarding the rate filing challenge between the Office of Insurance Regulation (“OIR”) and Florida Farm Bureau (“Farm Bureau”). The commissioner’s Final …

  To view a complete story, click on a headline below:   Florida Insurance Commissioner Issues Final Order in Florida Farm Bureau Rate Challenge Florida Insurance Commissioner Kevin McCarty affirmed the ruling of administrative law judge Susan B. Harrell regarding …

The Florida Department of Financial Services, Office of Insurance Regulation has issued a Notice of Proposed Rule Hearing to revise the following Rule to accommodate the rate filing collection system currently being developed for Medicare supplement products: 69O-149.003:  Rate Filing …