Category: Insurance Regulatory News

The Florida Hurricane Catastrophe Fund Emergency Assessment Workshop for Authorized Insurers was held today. A summary of the issues discussed is as follows: There is no statutory requirement that policyholders be notified of the FCHF assessment. The FHCF and OIR …

The Florida Office of Insurance Regulation issued an Informational Memorandum today, July 27, 2006, regarding the Florida Hurricane Catastrophe Fund (“FHCF”) Assessment Reporting Requirements. Essentially, the Memorandum states that the State Board of Administration that oversees the FHCF has directed …

Please find below news from the Florida Office of Insurance Regulation. Should you have any questions or concerns, please do not hesitate to contact this office. Regards, Fred E. Karlinsky PUBLIC HEARING LOCATION CHANGED FOR HEARING ON CITIZENS RATE FILING …

Attached you will find a recent Florida Supreme Court decision that makes certain clarifications to existing case law regarding the election of remedies doctrine and the workers compensation statute. The decision in the case, Jones v. Martin Electronics, states that …

The State Board of Administration (“SBA”) held a workshop this morning to discuss further clarifications to the emergency rule regarding the Insurance Capital Build-Up Incentive Program established by Senate Bill 1980. The SBA plans to issue a Notice of Change …

Citizens Property Insurance Corporation (“Citizens”) held an emergency Board of Governors Meeting today via conference call to discuss the dire market conditions for builders risk insurance in Florida. Builders risk policies insure residential and commercial projects that are under construction …

Please find below news from the Florida Office of Insurance Regulation. Should you have any questions or concerns, please do not hesitate to contact this office. Regards, Fred E. Karlinsky COMMISSIONER MCCARTY ASKS CITIZENS PROPERTY INSURANCE CORPORATION TO REVISIT BUILDERS …

As you are aware, there has been much discussion regarding the liquidation of the Poe Insurance Companies and the Assessments from both the Florida Hurricane Catastrophe Find and the Florida Insurance Guaranty Association, Inc. There has, however, been little direction …

Please find attached an article from the Miami Herald regarding Citizens Property Insurance. Should you have any questions or concerns, please do not hesitate to contact this office. Regards, Fred E. Karlinsky

Please find below news from the Florida Office of Insurance Regulation. Should you have any questions or concerns, please do not hesitate to contact this office. Regards, Fred E. Karlinsky OFFICE OF INSURANCE REGULATION ANNOUNCES NEW FORMAT FOR SELECTED PUBLIC …