Category: Insurance Regulatory News

Click on a headline to read the complete story:   Crist wows Democratic audience in Broward TAMARAC — Even U.S. Rep. and condo king Robert Wexler, D-Delray Beach, played second fiddle this afternoon as Republican Gov. Charlie Crist visited a …

 The Executive Office Of The Governor has issued a Notice for a regularly-scheduled meeting of the Florida Cabinet on July 31, 2007 at 9 a.m.  For a complete copy of the agenda, click here. PLACE: Cabinet Meeting Room, Lower Level, The …

In response to complaints earlier this year regarding recordkeeping practices established during previous administrations by the Department of Financial Services, Florida Chief Financial Officer Alex Sink announced plans to create an electronic database that will allow consumers or their attorneys …

Click on a headline to read the complete story:   AIF forms insurance council Group aims to tackle financial-service issues Associated Industries of Florida (AIF), one of the state’s most influential business groups, has formed a Financial Security Council, whose …

Below is information regarding a recent National Conference of Insurance Legislators (“NCOIL”) Summer Meeting in Seattle, Washington, where legislators commenced an investigation of alleged abuses in the long-term care insurance industry, and questioned whether current regulation adequately protects consumers of …

A meeting of the Citizens Property Insurance Corporation (“Citizens”) Actuarial and Underwriting Committee (“Committee”) took place on July 19, 2007. To view the Agenda, please click here. The Committee’s first order of business was to discuss the newly developed product …

Citizens Property Insurance Corporation released meeting information for its upcoming July 30 educational forum on sinkhole-related policy changes.  The forum will be held in Spring Hill, Florida. To read more about recent legislation related to Florida sinkhole coverage, click on …

A conference call of the National Association of Insurance Commissioners (“NAIC”) International Solvency and Accounting (E) Working Group (“Working Group”) of the Financial (E) Committee (“Committee”) took place on July 24, 2007. The Committee interfaces with NAIC technical task forces …

The United States Securities and Exchange Commission (“SEC”) has requested comments on the possibility that SEC registrants be allowed to use International Financial Reporting Standards (“IFRS”) instead of US Generally Accepted Accounting Principles (“GAAP”). An SEC press release is below. If both Rules go …

Click on a headline to read the complete story:   No-Fault’s Demise Could Mean Higher Rates, Risk Come Oct. 1, auto insurance will no longer be required in Florida.  It’s the consequence of the Legislature allowing Florida’s no-fault auto insurance …