Category: Insurance Regulatory News

Below please find the highlights from the Citizens Property Insurance Corporation (“Citizens”) meetings held on October 24-25, 2007.    ————————————— Market Accountability Advisory Committee The following is as of September 30, 2007: • 1,379,847 policies in force–an increase of about 18,000 …

On October 25, 2007, the National Association of Insurance Commissioners (“NAIC”) Reinsurance (E) Task Force held a conference call to discuss Reinsurance Regulatory Modernization Proposals and other matters.  Chairman John Oxendine (Georgia Insurance Safety and Fire Commissioner) opened the meeting …

A bill to amend the National Flood Insurance Act of 1968 to provide for the phase-in of actuarial rates for certain pre-FIRM properties will be on the United States House of Representatives’ Committee on Financial Services’ October 31, 2007 markup agenda. The meeting …

During a recent meeting of a New York Surplus Lines Law Group attended by this Firm, issues related to current developments in the surplus lines laws of various states were discussed, such as the most recent draft of the attached …

Click on a headline to read the complete story:   Children’s health insurance back for vote today WASHINGTON – Congressional Democrats, having made modest changes to a children’s health bill that President Bush vetoed, plan to bring the issue to …

Florida Chief Financial Officer Alex Sink and Florida Attorney General Bill McCollum today announced a multi-state settlement with several insurance brokers.  The press release on the matter  issued by the Florida Office of Insurance Regulation is below, along with a …

Click on a headline to read the complete story:   Insurers face more than $500M in losses Insured losses from the roaring wildfires in California are expected to exceed $500 million ranking among the five most damaging wildfires since 1970, …

Washington, DC—Congressman Paul E. Kanjorski (D-PA), Chairman of the Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, today announced that the Subcommittee will hold its second in a series of hearings on insurance regulatory reform on Tuesday, October 30, …

The following memorandum was just issued by Citizens Property Insurance Corporation (“Citizens”) regarding its Board of Governors meeting: —————————————————————–   Oct. 24, 2007 To:       All interested partiesFrom:  Citizens Property Insurance CorporationRe:      Citizens Property Insurance Corporation Meeting Advisory Citizens Property Insurance Corporation’s …

Dixon Hughes has prepared the attached Synopsis of the NAIC Fall Meeting held from September 29, 2007 through October 1, 2007 in Washington, D.C.  This Synopsis is intended to be a summary of the events and not a full recap …