Category: Insurance Regulatory News

Click on a headline to read the complete story:   Deal cut in effort to keep no-fault Florida’s no-fault auto insurance system, which was set to expire Sept. 30, may get a last-minute reprieve.   Legislature’s compromise could keep PIP …

The Florida Commission on Hurricane Loss Projection Methodology (“Commission”) met in Tallahassee, Florida on September 20 and 21, 2007.  The Commission approved the standards and forms which hurricane modeling companies and the Florida Public Model must follow when adopting hurricane …

Click on a headline to read the complete story:   Citizens to seek rate increase for some high-risk businesses Citizens Property Insurance plans to seek a premium increase of more than 300 percent for wind-only business policies sold in high-risk …

Following today’s Florida Supreme Court decisions regarding Florida’s Valued Policy Law, Citizens Property Insurance Corporation issued the statement below regarding pending litigation stemming from 2004 storm surge damage. To read a summary of the two Supreme Court cases, click here. …

By Maria Elena Abate, Shareholder Colodny Fass In two unanimous decisions issued today, September 20, 2007, the Florida Supreme Court has directly disapproved a 2004 Fourth District Court of Appeals opinion, Mierzwa v. Florida Windstorm Underwriting Association, 877 So.2d 774, …

Citizens Property Insurance Corporation (“Citizens”) Market Accountability Advisory Committee, Audit Committee and Finance and Investment Committee each met on September 19, 2007.  Following are highlights from the respective meetings:   Market Accountability Advisory Committee • Claims Task Force Update and Month-End …

On September 19, 2007, this office attended a meeting of the Florida Cabinet (Governor, Charlie Crist; Chief Financial Officer, Alex Sink; Attorney General, Bill McCollum; and Agriculture Commissioner, Charles Bronson) in Tallahassee, Florida.  The Cabinet heard from several government organizations …

Notice of Meeting/Workshop HearingDepartment: Department of Financial ServicesDivision: OIR – Insurance RegulationRule No.: 69O-203.202Subject: This is the Final Public Hearing on the adoption of proposedamendments to Rule 69O-203.202, Military Sales (EX) WGDate/Time: September 19, 2007 at 9:00 a.m., during a …

Notice of Meeting/Workshop HearingDepartment: Department of Financial ServicesDivision: OIR – Insurance RegulationRule No.: 69O-142.200Subject: This is the Final Public Hearing on the adoption of proposedamendments to Rule 69O-142.200, Florida Administrative Code, Unfair Discrimination Because of Travel PlansDate/Time: September 19, 2007 …

On Tuesday, September 18, 2007, this office attended a public rate hearing for Cincinnati Insurance and Cincinnati Indemnity Companies (“Cincinnati”) in Tallahassee, Florida.  Representatives that were present from the Florida Office of Insurance Regulation (“OIR”) included Belinda Miller, Deputy Commissioner; …