Category: Insurance Regulatory News

  Gallagher Acquires Florida’s Gabor Insurance Gabor Insurance Services Inc. and its Subsidiary, American Professional Liability Underwriters, headquartered in Miami, were recently acquired, Florida Business Daily reports.   Incoming Speaker Richard Corcoran Ready to Outline New Lobbyist Rules for House …

  Matthew’s Damage Will Take Months to Assess, Even Longer to Repair A month since Matthew, Property Owners don’t know any more than they did the morning after the storm. Hills of debris still line the highway, houses teeter over …

  Possible adoption of a white paper covering the insurance implications of home-sharing is on the Property and Casualty Insurance Committee agenda at the upcoming National Association of Insurance Commissioners (“NAIC”) 2016 Fall National Meeting.  The event runs from December …

  The Florida Hurricane Catastrophe Fund (“FHCF”) has scheduled a Rule Development Workshop on November 18, 2016 from 9 a.m. to 11 a.m. in Tallahassee to discuss proposed amendments to Rule 19-8.029, F.A.C., “Insurer Reporting Requirements.”  Insurer exposure and loss …

  St. Petersburg Gets Ready to Celebrate Lower Flood Insurance Premiums Under the National Community Rating System, or CRS, St. Petersburg’s Rating will drop from Class 6 to Class 5, an improvement that will save $1.7 million for the tens …

  Home Older Than 40?  Insurer Slaps Cap On Water Claims Regulators have not always found Big Rate Hikes Justified for 2017, but thousands living in Older South Florida Homes face Limits on the Costliest Category of Claims not caused by storms …

  With Directive 16-EX-5 issued yesterday, November 1, 2016, Georgia Insurance and Safety Fire Commissioner Ralph Hudgens instructed all insurers covering property risks in the State of Georgia to provide the following information for all claims that relate to losses …

  West Palm Beach Region Ranks 4th in U.S. Car Thefts With Keys Inside Whatever the case, a Region including Miami, Fort Lauderdale and West Palm Beach dwells in the Country’s Top 5 in a Category of Theft that’s actually …

  The Excess Line Association of New York noted today, November 1, 2016, that it has submitted comments to the New York Department of Financial Services and made a number of recommendations to change the Proposed Regulation 23 NYCRR 500 …

  The National Association of Insurance Commissioners’ Group Solvency Issues Working Group met via conference call on October 28, 2016, during which members discussed a proposed Form F Guidance Manual.   Form F, also known as the Enterprise Risk Report, …