Category: Insurance Regulatory News

At the request of Chief Financial Officer Alex Sink, a special meeting of the State Board of Administration (“SBA”) will be held Thursday, November 29, 2007.  The purpose of the meeting is to discuss the local government investment pool.  The …

Click on a headline to read the complete story:   La. State Appeals Court Nixes Flood Exclusion A state appeals court ruling in Louisiana finding an insurer’s policy language excluding flood damage to be ambiguous and unenforceable will be appealed …

The Citizens Property Insurance Corporation (“Citizens”) Finance and Investment Special Committee (“Committee”) met on November 27, 2007 regarding Citizens’ 2008 Budget.  To view a copy of the meeting agenda, click here. To view a copy of the 2008 Citizens budget, …

The Florida Office of Insurance Regulation issued the following information regarding a workshop held this past Monday designed to seek explore expansion of reinsurance capacity in order to increase the supply of insurance to Florida’s market. To read a recap …

The National Association of Insurance Commissioners (“NAIC”) International Solvency and Accounting (E) Working Group (“ISAWG”) will meet in Houston, Texas on Dec. 2 during the NAIC’s National Meeting from Dec. 2-4, 2007. ISAWG Agenda for Dec. 2: 1. Report on IAIS Roadmap 2. Discuss …

Click on a headline to read the complete story:   Federal probe won’t affect Seminole deal The Seminole Tribe, owner of the Hard Rock chain with more than $1 billion a year in estimated revenue, remains under federal scrutiny by …

Following is a listing of upcoming meetings for the Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”).  Should you have any questions or comments, please do not hesitate to contact this office.   Thursday, November 29     2 PM ESTReinsurance Committee Teleconference …

•10:00 a.m. – Amica Mutual Insurance Company Public Rate Hearing

When: November 27, 2007 2:00 – 4:00 PM EDT Where: Conference Call Teleconference: (888) 277-7951 Main Agenda Document:FIC 11.27.07 Agenda.pdf

On Monday, November 26, 2007, a representative from this office attended a Rule Development Workshop at the Florida Office of Insurance Regulation (“OIR”) on Proposed Rule 690-144.007, Credit for Reinsurance.  The purpose of the Proposed Rule is to implement revisions to …