Category: Insurance Regulatory News

A Colodny Fass representative recently attended two Florida Department of Financial Services (“DFS”) Rulemaking Workshops (“Workshops”) addressing Proposed Rules relating to the State’s My Safe Florida Home (“MSFH”) program.  Below is a review of the pertinent aspects and issues raised by …

The National Association of Insurance Commissioners (“NAIC”) today, June 2, 2008, adopted a new white paper, “The Potential Impacts of Climate Change on Insurance Regulation.” This paper documents the potential insurance-related impacts of climate change on insurance consumers, insurers and …

Pensacola News-Journal–June 2, 2008 It goes by many names — natural disaster syndrome, head in the sand thinking, pray now, pay later; but whatever you call it, there is a human tendency to believe the unthinkable will not happen to …

Orlando Sentinel–June 2, 2008 Anika Myers PalmSentinel staff writer Six more insurance companies will be taking policies from Citizens Property Insurance. Florida Insurance Commissioner Kevin McCarty has signed off on plans for the insurers to take 100,000 policies from the …

Orlando Sentinel–June 1, 2008 Longtime Volusia County Property Appraiser Morgan Gilreath is being recognized for a damage assessment model he designed in the aftermath of Hurricane Katrina. Gilreath will receive the Prudential-Davis Productivity Award on Tuesday in Tallahassee for his …

Palm Beach Post–Friday, May 30, 2008 By RANDY DIAMONDPalm Beach Post Staff Writer Hurricane season begins Sunday, and if the worst-case scenario comes to pass, Florida residents will be facing a world of additional financial hurt on top of whatever …

Florida Insurance Commissioner Kevin McCarty today, Monday, June 2, 2008, affirmed the ruling of an administrative law judge regarding the rate filing challenge between the Office of Insurance Regulation and The Hartford Companies (“Hartford”). The commissioner’s Final Order officially disapproves …

“Florida is more vulnerable than ever to the devastating effects of a hurricane.” Dr. David A Sampson, President and CEO (above) Property Casualty Insurers Association of America To view a complete story, click on a headline below: DR. DAVID A. …

On Friday, May 30, 2008, the Florida Workers Compensation Joint Underwriting Association (“FWCJUA”) held an Operations Committee (“Committee”) meeting to discuss various items, including: Legislative matters The FWCJUA fixed administrative expense reimbursement policy Disaster recovery matters The telecommuting policy Budget …

Recently, Citizens Property Insurance Corporation (“Citizens”) held an Actuarial and Underwriting Committee (“Committee”) meeting to discuss Florida’s 2008 Legislative Session, and receive updates on regional underwriting, the disputed claims appraisal process, multi-peril quote acknowledgment and agent communication efforts. To view …