Category: Insurance Regulatory News

Click on a headline to read the complete story:   No real progress on tax plan The Senate passes a proposal, but nobody’s really happy about it. TALLAHASSEE – The Florida Senate passed a property tax cut package Wednesday that …

The following was just released by the National Association of Insurance Commissioners (“NAIC”): ———————————————————————- NAIC COMMENDS U.S. SENATE ACTION ON KEY INSURANCE LEGISLATION Banking Committee Passes Bills to Extend Terrorism Insurance Program and Flood Insurance Program KANSAS CITY, Mo. (Oct. …

The Office of Insurance Regulation (“OIR”) is repealing Rule 69O-186.017, titled “Certificate of Mortgage Releases,” given that the authorizing statute has been repealed.  At this time, no Summary of Statement of Estimated Regulatory Costs has been prepared. If requested in …

The Office of Insurance Regulation (“OIR”) scheduled a hearing on Proposed Rules 69O-149.003-.005 and .007 (Health Rate Filings) on October 18, 2007.  However, the Hearing was cancelled because the OIR had mistakenly published the wrong version of the Proposed Rules.  …

In a meeting earlier this week, the Florida Hurricane Catastrophe Fund (“FHCF”) Advisory Council (“Council”) was advised that the FHCF reorganization proposal by Florida’s Chief Financial Officer (“CFO”) Alex Sink is intended to increase the ability of the FHCF to …

The International Association of Insurance Supervisors held the first full day of its 14th Annual Conference, at which Florida Attorney General Bill McCollum gave one of the keynote speeches. Later, a panel entitled “Reinsurance: The Avenue Towards Mutual Recognition” examined …

The Office of Insurance Regulation (“OIR”) has just released a Notice of Proposed Rule Development for Rule 69O-170.0155(n), titled “Personal Injury Protection Provider Certification of Eligibility Form.” If requested in writing, a Rule Development Workshop will be held on November …

Click on a headline to read the complete story:    White House Now Backs TRIA Extension WASHINGTON—The Bush administration late yesterday effectively threw in the towel to its opposition to an extension of legislation providing federal support for insurers after …

On October 16, 2007, the Florida Cabinet (i.e., Governor Charlie Crist, Chief Financial Officer Alex Sink, Attorney General Bill McCollum and Agriculture Commissioner Charles Bronson) met in Tallahassee, Florida.  The Cabinet heard from several government organizations within its jurisdiction.  Below …

Citizens Property Insurance Corporation(“Citizens”) is reminding insurers and agents of the Florida Office of Insurance Regulation (“OIR”) deadlines and requirements for pending assumption dates.  In order to participate in the assumption process, all required material must be submitted to the OIR …