Category: Insurance Regulatory News

  On November 2, 2007, the Florida Health Insurance Advisory Board (“Board”) amended and approved its 2008 Legislative Recommendations.  The Board has just released these Recommendations and we have attached them to this newsletter for your review.  Also attached is …

  Attached, please find information regarding legislative action at the recent National Conference of Insurance Legislators (“NCOIL”) November 14 through 18 Annual Meeting. Lawmakers adopted, among other things: •         an amended NCOIL life settlements model act that targets illegal STOLI transactions …

Click on a headline to read the complete story: Above:  Newly-elected State Representative Matt Hudson   Hudson wins to succeed former Rep. Davis in special election The votes are in.  Republican Matt Hudson will succeed Rep. Mike Davis in the …

  We have been advised by the Florida Office of Insurance Regulation (“OIR”) that all insurers who apply to participate in a Citizens Property Insurance Corporation (“Citizens”) takeout need to have their proposed rates and forms for the takeout filed …

  The following bulletin was just issued by the National Association of Insurance Commissioners (“NAIC”) regarding catastrophe modeling by rating agencies:   ——————————————————————————————–   MEDIA ADVISORY NAIC HEARING ON USE OF CATASTROPHE MODELING BY RATING AGENCIES Third in Series to …

  InsuranceJournal.com Florida Commissioner McCarty: Getting to Savings for Florida Property Owners Florida regulator Kevin McCarty is optimistic that insurance savings promised to property owners will eventually be realized in insurance company rate filings. In this excerpt from a wide-ranging …

The Florida DEPARTMENT OF FINANCIAL SERVICES, OIR – Insurance Regulation has issued a Notice of Development of Rulemaking for RULE NO: RULE TITLE 69O-167.004: Required Preinsurance Inspection of Private Passenger Motor VehiclesPURPOSE AND EFFECT: To adopt amendments to the rule …

  A meeting of the National Association of Insurance Commissioners (“NAIC”) Risk Retention Group (E) Task Force took place on November 13, 2007 via conference call.  The Task Force is part of the NAIC’s Financial Condition Committee.  Its charge is …

On November 16, 2007, this office attended and provided comments at a public workshop by The Task Force on Citizens Property Insurance Claims Handling and Resolution regarding proposed legislation pertaining to Public Adjusters and Property Loss Insurance Appraisers.  The purpose …

  On November 14, 2007, a member of this Firm attended the Florida Cabinet meeting held in Tallahassee, Florida.  The Cabinet heard from several government organizations within its jurisdiction, and discussed and acted upon multiple insurance-related items.  To view the …