Category: Insurance Regulatory News

Move quick on fire-related claims

May 16, 2008

Get inspections, policy information By Nadia VanderhoofTreasure Coast Palm–May 14, 2008 TREASURE COAST — Whether it be hurricanes or wildfires, the steps to filing a homeowners claim because of damage from a natural disaster can be quite cumbersome and stressful. …

Capitol to Courthouse Headliners: Friday, May 16

May 16, 2008

  To view a complete story, click on a headline below:   Florida Insurance Commissioner McCarty Stays Allstate Suspension Florida Insurance Commissioner Kevin McCarty today, May 16, 2008, announced that he has ordered a stay of the suspension of the …

Court bans Allstate from doing new business in Florida

May 15, 2008

Insurance commissioner expects company to open their books to state officials Paul FlemmingFlorida Capital BureauNews-Press–May 14, 2008 TALLAHASSEE — With the muscle of a favorable court ruling behind him, Florida Insurance Commissioner Kevin McCarty expects a certification from Allstate Floridian …

What does this mean for existing policyholders?

May 15, 2008

Miami Herald–May 15, 2008 BY BEATRICE E. GARCIA Florida Insurance Commissioner Kevin McCarty has suspended Allstate companies from writing new policies in Florida for refusing to comply fully with a state subpoena. How does this move affect policyholders? Here are …

Allstate cannot write new policies in Florida

May 15, 2008

The state bars the insurer from writing policies till it complies with a subpoena. Anika Myers PalmSentinel Staff WriterOrlando Sentinel–May 15, 2008 No new policies for Allstate — at least for now. The state has once again blocked the giant …

Get ready to dig deeper

May 15, 2008

St. Petersburg Times–May 14, 2008 By Jennifer Liberto, Times Staff Writer TALLAHASSEE — Floridians’ bill for the 2004 and 2005 hurricanes is about to grow another $600-million. The state catastrophe fund, which sells cheap reinsurance to insurers, needs to collect …

Fires test new insurers, homeowners’ policies

May 15, 2008

Agents go to work for owners of burned homes Florida Today–May 15, 2008 Wildfires probably were not the catastrophe Brevard County homeowners feared most as thousands scrambled in recent months to find companies to insure their homes. But as hurricane …

Capitol to Courthouse Headliners: Thursday, May 15

May 15, 2008

  To view a complete story, click on a headline below:   Court bans Allstate from doing new business in Florida With the muscle of a favorable court ruling behind him, Florida Insurance Commissioner Kevin McCarty expects a certification from …

NAIC Catastrophe Reserve Working Group Convenes First Meeting

May 15, 2008

On Wednesday, May 14, 2008, the National Association of Insurance Commissioners (“NAIC”) held the inaugural meeting of the 2008 Catastrophe Reserve (C) Working Group (“Group”). The meeting was called to order by Eric Nordman, NAIC Director of Research. Regulators from …