Category: Insurance Regulatory News

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 …

Click on a headline to read the complete story:   Insurers’ ‘adjustments’ a bad joke Florida lawmakers faced a formidable task as the Legislature convened for the January 2007 special session: to develop a strategy to handle the property insurance …

On Tuesday, July 24, 2007, this office attended a public hearing at the Office of Insurance Regulation (“OIR”) on Proposed Rules 690-186.003, .005 entitled Title Insurance Rates; Premium Schedule Applicable to “Truth In Lending” and Other Endorsements.  The Proposed Rules …

Notice of Meeting/Workshop Hearing TheFlorida Surplus Lines Service Office (“FSLSO”) Board of Governors Quarterly Meeting.Wednesday, July 25, 2007, 1:00 p.m.Lago Mar Resort and Spa, 1700 S. Ocean Lane, Ft. Lauderdale, FL 33316 General subject matter to be considered: General Business …

Unfair Discrimination Because of Travel Plans The FSC, on behalf of the OIR, has issued a Notice of Proposed Rulemaking for Rule number 69O-125.003 relating to unfair discrimination because of travel plans. If requested in writing within 21 days of …