Category: Insurance Regulatory News

Agenda (PDF file) | Public Hearing Participation Guidelines September 4, 2007; 1:00 pm – 8:00 pm; Holy Cross Hospital Campus, Sister Innocent Conference Center Auditorium at 4725 North Federal Highway, Ft. Lauderdale, Florida Meeting Topic: Ensure Public Safety for Floridians …

Jennifer J.H. Pierce joined Colodny Fass, a Fort Lauderdale-based governmental consulting and law firm, as director of marketing and community development, from the Miami Herald, where she was sponsorship and community affairs manager.

Click on a headline to view the complete story: Sinkhole eats Apopka home from inside out The earth opened Wednesday night and gobbled up Rodrigo Coronado’s bathroom. On Thursday, it took his refrigerator. It swallowed his furniture, clothing and 2-year-old …

The International Solvency and Accounting (E) Working Group of the National Association of Insurance Commissioners (“NAIC”) has released initial comments to the International Accounting Standards Board’s (“IASB”) Discussion Paper titled, Preliminary Views on Insurance Contracts.  Included with this e-mail are …

The National Association of Insurance Commissioners (“NAIC”) has issued a notice of a Property And Casualty Insurance (C) Committee Public Hearing Regarding Catastrophe Modeling, to be held Friday, September 28, 2007 in Washington D.C. from 1-5 p.m. The Hearing, which …

Click on a headline to read the complete story:   Citizens Property commercial rates proposed to nearly triple TALLAHASSEE — Unfettered by legislative mandates to keep rates down, Citizens Property Insurance is eyeing premiums for its commercial hurricane coverage nearly …

The Florida Office of Insurance Regulation (“OIR”) has issued Informational Memorandum OIR-07-13M today, August 30, 2007 to all Florida property and casualty insurers, residual and alterative markets, and surplus lines providers regarding Florida Catastrophic Event Data Reporting (CEDRA) Revisions.  A copy …

On August 30, 2007, the Citizens Property Insurance Corporation (“Citizens”) Actuarial and Underwriting Committee (“Committee”) met and discussed the following: Sinkhole Underwriting Rules The Committee discussed amending Citizens’ underwriting guidelines so that agents would have the capability of binding risks …

Among the legislation which passed during the recently conducted 2007 Louisiana Legislative Session was House Bill 678, which established the Insure Louisiana Incentive Program (“Incentive Program”). This Incentive Program, which becomes effective on December 1, 2005, is structured as a …

Click on a headline to read the complete story:   Nationwide Doubling Policy Cut Florida’s beleaguered home insurance market took another hit Tuesday as the state’s fifth-largest property insurer expanded its withdrawal from the state.   National Hurricane Center Hires …