Category: Insurance Regulatory News

By Sandra Block, USA TODAY Families who lost their homes to the foreclosure crisis this year will have at least one reason for cheer this holiday season: They won’t have to worry about a big tax bill. Shortly before adjourning …

National Underwriter Magazine Online reported this afternoon that President Bush has signed H.R. 2761–Terrorism Risk Insurance Program Reauthorization Act of 2007.  The bill extends the current program through 2014 and adds coverage of domestic terrorist events to the program. Should …

BY SUSANNAH A. NESMITH AND GARY FINEOUT A circuit court in Tallahassee tossed out the Legislature’s plan to save money by appointing special public defenders to represent indigent defendants who can’t be represented by the elected public defenders in each …

By DAN CHRISTENSEN The Miami Herald Two men sent to prison for staging a car crash in Lauderdale Lakes are the first in Broward County sentenced under a tough Florida law enacted to combat no-fault insurance fraud, prosecutors say. Circuit …

The attached memorandum from the Municipal Police Officers’ & Firefighters’ Retirement Trust Funds advising that the City of Palm Beach Shores is participating under Chapter 175, Florida Statutes.  The memorandum serves as a reminder that this law requires every insurance company, association, corporation, …

Citizens has issued a Memorandum dated November 9, 2007 to all Assessable Insurers (“Assessable Insurers”) regarding Voluntary Premium Writing Transfers Procedures. A copy of this Memorandum is attached hereto.  Assessable Insurers are all insurers authorized to write property and casualty …

The Florida Office of Insurance Regulation has issued the following news regarding the denial of The Travelers Companies, Inc. submitted rate filing. Should you have any questions or comments, please do not hesitate to contact this office.   Florida Insurance Commissioner …

The attached letter from Commissioner Kevin McCarty (FL) to Mr. Eric GoldbergAssociate General Counsel and Manager of State Programs for the American Insurance Association was forwarded to National Association of Insurance Commissioners (“NAIC”) Catastrophe Insurance Working Group members, interested regulators and interested …

Following is a meeting and hearing schedule for Florida Office of Insurance Regulation  and other insurance-related matters for January, 2008. Should you have any questions or comments, please do not hesitate to contact this office.   January 7 Hearing     9:30 …

Florida Governor Charlie Crist and Chief Financial Officer Alex Sink, two Trustees for the State Board of Administration (“SBA”) have issued the following statement regarding their recommendation that SBA Interim Executive Director General Bob Milligan retain outside counsel to assist …