Category: Insurance Regulatory News
May 29, 2007
The Florida Office of Insurance Regulation (OIR) released its most recent draft of the Uniform Mitigation Verification Inspection Form (OIR-B1-1802).  This updated version is enclosed for your review. Although similar to its former version, this new draft states that mitigation …
May 25, 2007
Click on a headline to read the complete story: Â National Insurance Fund Gains Support WASHINGTON – Unlike Florida’s Capitol in Tallahassee, where lawmakers have taken a number of actions to address the state’s insurance crisis with arguable results, solutions …
May 25, 2007
On May 24, 2007 this office attended the Citizens Property Insurance Corporation Board of Governors Meeting in Tallahassee, Florida. After a reading of the antitrust statement and approval of the April 26, 2007 meeting minutes, Chairman Bruce Douglas gave his …
May 25, 2007
Citizens Property Insurance Corporation issued the press release below on May 24 regarding the approval of a $1.95 billion financing plan to cover potential hurricane losses. Today’s newspaper headlines on the issue include: Citizens’ board approves $2 billion financing plan Should …
May 24, 2007
Click on a headline to read the complete story: Â Crist slashes $459 million from budget Gov. Charlie Crist has just axed a record $459 million from next year’s state budget, slashing legislators’ hometown spending projects throughout Florida while touting …
May 24, 2007
The National Association of Insurance Commissioners (NAIC) has distributed the meeting notice below. Should you have any comments or questions, please do not hesitate to contact this office  To: Interested Parties to the NAIC Surplus Lines Task Force The …
May 24, 2007
The Finance and Investment Committee of Citizens Property Insurance Corporation (“Citizens”) met May 23, 2007. The proceedings of that meeting are as follows: At 8:00 am, Bruce Douglas, chairperson of the committee, called the meeting to order, and the minutes …
May 24, 2007
Citizens Board of Governors Meeting 9 a.m. to 12 p.m. May 24 Tallahassee, FL
May 23, 2007
On May 23, 2007 we attended a conference call held by the National Association of Insurance Commissioners (NAIC) Property and Casualty Committee (“Committee”). The Committee is comprised of various state insurance regulators. Kevin McCarty, the Florida Insurance Commissioner, led the …
May 23, 2007
 On May 23, 2007, a second Public Hearing was held by the Office of Insurance Regulation (“OIR”) for Rule 690-149.002 regarding Filing of Forms and Rates for Life/Health Insurance. The purpose of the Hearing was to make a technical …