Category: Insurance Regulatory News
Dec 14, 2016
Comments are due to the National Association of Insurance Commissioners (“NAIC”) by January 13, 2017 on two items pertaining to reinsurance collateral, certified reinsurers, qualified jurisdictions and the potential impact of Solvency II implementation. To access each document, click …
Dec 14, 2016
In Bulletin 2016-04 issued today, December 14, 2016, the Florida Surplus Lines Service Office (“FSLSO”) advised Florida Surplus Lines Agents, Surplus Lines Insurers and Independently Procured Coverage Filers that its service fee will be decreased from 0.15 percent to …
Dec 14, 2016
At their meeting yesterday, December 13, 2016, members of Florida’s Commission on Hurricane Loss Projection Methodology (“FCHLPM”) discussed a request by Florida Insurance Commissioner David Altmaier to examine divergent results in forecasting proposed rates specific to Monroe County based …
Dec 14, 2016
Senators Start Weighing Florida’s Workers’ Comp Issues Florida Senators Tuesday got a taste of the Debate that will play out in the coming months among Business, Legal and Labor Groups as the Legislature looks at revamping the Workers’ Compensation …
Dec 13, 2016
The Florida’s State Board of Administration will be accepting written comments until December 28, 2016 on proposed revisions to Florida Hurricane Catastrophe Fund (“FHCF”) Rule 19-8.029, entitled “Insurer Reporting Requirements,” and the proposed repeal of Rule 19-8.030, “Insurer Responsibilities.” …
Dec 13, 2016
California Insurance Commissioner Dave Jones has issued new Anti-Steering in Auto Body Repair regulations that increase consumer protections to prevent consumers from being misled or claims delayed when a collision-damaged vehicle needs to be repaired. Announced today, December 13, …
Dec 13, 2016
The National Association of Insurance Commissioners (“NAIC”) announced today, December 13, 2016, that it has adopted a white paper on insurance coverage issues in the sharing economy for home rentals. “Home-sharing companies like AirBnb and HomeAway offer consumers the …
Dec 13, 2016
Florida Workers’ Comp Rate Hike Continues Amid Legal Battle A Florida Appeals Court Monday said an increase in Workers’ Compensation Insurance Rates will continue amid a legal battle about whether Florida’s Sunshine Law was violated during the Ratemaking Process. …
Dec 12, 2016
Citizens Insurance Chief Sees “Absurd” Rise in Litigation Expenses “Out of Control” Litigation Costs are slowing efforts by Florida’s Property Insurer of Last Resort to shift risk onto Private Insurers, and may lead to Aggressive Restrictions on Claims for …
Dec 7, 2016
About a Third of Insurance Claims From Florida’s 2016 Hurricanes Were Denied Nearly one out of every three people who have put in a Damage Claim from the two Hurricanes that hit Florida this year won’t receive a nickel …