Category: Insurance Regulatory News

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 …

Click on a headline to read the complete story:   Insurance commissioner denies Travelers’ rate request A proposed 4.6 percent average statewide increase for homeowners insurance by The Travelers Companies Inc., was rejected late Friday by Florida’s insurance commissioner.   …

Click on a headline to read the complete story:   Insurers defend themselves as Gov. Crist says review may lead to lawsuit   Gov. Charlie Crist said Wednesday that he wants three trial lawyers to review documents for a possible …

The National Association of Insurance Commissioners (“NAIC”) Property and Casualty Insurance Committee and the Terrorism Insurance Implementation Working Group held a joint conference call on Wednesday, December 19, 2007 regarding filing procedures for compliance with the provisions of the recently-passed …

The National Association of Insurance Commissioners (“NAIC”) Reinsurance Task Force (“RTF”) and the NAIC Governmental Relations Leadership Council (“GRLC”)  held a conference call on Wednesday, December 19, 2007 in response to the passage of HR 1065, the “Nonadmitted and Reinsurance …

Click on a headline to read the complete story:   Insurers may face class-action lawsuit Railing against the failure of the insurance industry to pass on savings to Floridians after the state took on more of the risk, Gov. Charlie …

The Florida Commission on Hurricane Loss Projection Methodology (“Commission”) met on December 18, 2007 via conference call. Because former Commission member General Bob Milligan has been appointed as interim executive director of the Florida State Board of Administration, his vacant …

Governor Crist continued his individual interviews today with various members of the Capitol Press and informed them of his intention to seek legal action against Florida property insurers. Following are additional newspaper blog entries that were posted late this afternoon …

TALLAHASSEE – Following the Governor’s appointment of Representative Wilbert “Tee” Holloway to the Miami-Dade County School Board, state Senator Larcenia J. Bullard, District 39, has assumed the Interim Chairperson position of the Florida Legislative Black Caucus. Senator Bullard (D-Miami) was …

The following message was forwarded to members of the National Association of Insurance Commissioners (“NAIC”) Property and Casualty Insurance (C) Committee, the Terrorism Insurance Implementation Working Group, interested regulators and interested parties on behalf of Eric Nordman:   The Terrorism …