Category: Insurance Regulatory News
Jun 25, 2008
Wall Street Journal–June 23, 2008 By COREY DADE and STEPHEN POWER Neighbors Jo Ellen Sharp and Kristin Jenkins stood beside each other after a day on the beach of this barrier island, divided by the thought that Florida’s corner of …
Jun 25, 2008
Palm Beach Post–June 24, 2008 By JENNIFER SORENTRUE Palm Beach Post Staff Writer A $1.75 billion deal to give taxpayers control over 187,000 acres south of Lake Okeechobee would dramatically cut the cost and time it takes to restore the …
Jun 25, 2008
On Wednesday, June 25, 2008, the Florida Office of Insurance Regulation (“OIRâ€) held a public hearing on the following Proposed Rules relating to health rate filing standards: 69O-149.0025: Definitions 69O-149.005: Reasonableness of Benefits in Relation to Premiums 69O-149.006: Actuarial Memorandum …
Jun 25, 2008
 To view a complete story, click on a headline below:  Insurer wants to sell wind, flood coverage in 1 policy One of the nation’s largest insurance companies is lobbying Congress for permission to sell policies that cover damage …
Jun 25, 2008
On June 23, 2008, the Florida Office of Insurance Regulation announced a series of new requirements for companies participating in the depopulation of Citizens Property Insurance Company (“Citizens”). As part of the solicitation process, when contacting the agent of record …
Jun 25, 2008
On Monday, June 23, 2008, the Florida Commission on Hurricane Loss Projection Methodology (“Commissionâ€) held a meeting to review the EQECAT, Inc. USWIND® 5.13/WORLDCATenterpriseâ„¢ 3.11 model and Florida Public Hurricane Loss Model Version 3.0 (“Public Modelâ€) for acceptability. The meeting …
Jun 25, 2008
Above: Colodny Fass Attorney Megan M. Grant is featured in the most recent A.M. Best national podcast. A.M. Best today (June 25, 2008) released its most recent national podcast featuring Colodny Fass attorney Megan M. Grant discussing the liability concerns of …
Jun 24, 2008
AP–June 24, 2008 By JESSICA GRESKOThe Associated Press MIAMI (AP) — Substantially improving the accuracy of hurricane intensity predictions could take years and tens of millions of dollars, the National Hurricane Center’s director said Tuesday. In an …
Jun 24, 2008
St. Petersburg Times–June 23, 2008 By Barbara Behrendt, Times Staff Writer BROOKSVILLE — An audit of the county’s workers’ compensation program has found violations of county policy, inefficiencies and sparse or missing information on financial decisions that may have cost …
Jun 24, 2008
Statewide average boosted 18 percent By Rebecca Mowbray Business writer Times-Picayne–June 24, 2008 Homeowners insurance rates at Louisiana Citizens Property Insurance Corp. will increase by a statewide average of 18 percent in October as premiums at the state-sponsored insurer catch …