Category: Insurance Regulatory News

Click on a headline to read the complete story:   Home insurers ask to raise rates Despite lawmakers’ efforts to alleviate the state’s insurance crisis, few homeowners have seen much real relief. A bill passed in January required insurers to …

The Florida Office of Insurance Regulation today released the following announcement regarding its decision on Florida Farm Bureau’s July 10, 2007 request for a rate increase.  To read the proceedings from the July 10 Hearing, click here. Should you have any …

Click on a headline to read the complete story:   State Farm to drop 50,000 coastal homeowners policies in Fla. TALLAHASSEE, Fla. — State Farm Insurance, Florida’s largest private home insurer, said Thursday it will drop about 50,000 homeowners policies …

This week, Kansas Insurance Commissioner Sandy Praeger spoke before the U.S. House of Representatives Subcommittee on Housing and Community Opportunity on behalf of the National Association of Insurance Commissioners (“NAIC”).  The text of Ms. Praeger’s presentation may be accessed by clicking …

The Florida Office of Insurance Regulation today released the following news regarding a Consent Order issued to The Chubb Group for the refund of over $13 million in excess profits to its customers. Should you have any questions or comments, please do not hesitate to …

The Florida Health Insurance Advisory Board ("Board") has scheduled a public meeting to discuss critical issues for theFlorida health care insurance market. The Board will discuss a myriad of issues including improving health care access, improving health care affordability, and …

Click on a headline to read the complete story:   Florida warns home insurers: Obey new laws on windstorm — or else Florida Insurance Commissioner Kevin McCarty put the state’s homeowner insurance companies on notice Tuesday they had better comply …

Florida’s Chief Financial Officer, Alex Sink, has issued two consumer alerts as detailed below.   Should you have any questions or comments, please do not hesitate to contact this office.   CFO Sink Advises Floridians That Tennessee Has Placed NFOA Into …

The Florida Department of Financial Services (“DFS”), in conjunction with Florida Attorney General Bill McCollum, issued the following press release providing for $2.6 million in reimbursements to multiple Florida cities and counties from national insurance broker Willis Group Holdings.  The reimbursement …

The Florida Office of Insurance Regulation has issued the following informational memorandum reminding all residential property insurers that effective July 1, 2007, all policyholders must be offered the option of excluding windstorm and contents coverage.  Should you have any questions …