Category: Insurance Regulatory News

The Florida Office of Insurance Regulation (“OIR”) has released its annual state of the market report for workers’ compensation insurance to the Florida Legislature.  To view the report, click here, or download the attached file. The OIR’s press release on the report …

By Bill Cotterell FLORIDA CAPITAL BUREAU POLITICAL EDITOR Gov. Charlie Crist has seen the end of an eight-year decline in state employment, but the average salaries of workers in Florida’s government agencies and their rate of pay raises lag behind …

By Mike Vogel – 1/1/2008 Chasing opportunity, several companies last year took 225,000 policies off the hands of Florida’s state-subsidized insurer, Citizens Property Insurance. Meanwhile, Hollywood-based property management company Continental Group launched a self-insurance fund offering property coverage to the …

By BRENDAN FARRINGTON Property taxes didn’t "drop like a rock" during Gov. Charlie Crist’s first year in office, but neither did his approval rating. The Republican weathered a difficult year well, despite making only modest gains on two of the …

    The National Association of Insurance Commissioners (“NAIC”) held its Winter 2007 National Meeting in Houston, Texas during early December. Jennifer Burton, a Certified Public Accountant and member of the Dixon-Hughes Insurance Services Group Audit Team, attended the meeting …

Reminder:  The deadline to Notify Citizens Property Insurance Corporation of Intent to Transfer Credits is December 31, 2007. Citizens Property Insurance Corporation (“Citizens”) has issued a Memorandum to all Assessable Insurers (“Assessable Insurers”) regarding Voluntary Premium Writing Transfers Procedures. To view …

Click on a headline to read the complete story:   PIP requirement back in new year Florida drivers will have personal injury protection coverage added to their policies Jan. 1 as the state returns to a no-fault system after a …

Click on a headline to read the complete story:   2 sentenced in insurance crash scams Prosecutors hope the sentence handed down to two men who staged a car accident in 2005 will deter others tempted to try and cheat …

BY ARTHUR D. POSTALNU Online News Service, Dec. 26, 1:13 p.m. EST Groups representing captive insurers made a concerted appeal to the Internal Revenue Service asking it to withdraw a proposal that would change the way captives deduct losses, saying …

BY ARTHUR D. POSTALNU Online News Service, Dec. 26, 4:01 p.m. EST WASHINGTON —President Bush today signed the Terrorism Risk Insurance Act extending the federal backstop on terrorism risk insurance until the end of 2014. The bill (H.R. 2761 – …