Category: Insurance Regulatory News

  Florida Homeowners Insurer Olympus Adds Newby as VP of Claims Martin Newby will serve as Olympus’ Senior Claims Executive responsible for the Development, Implementation, Organization and Leadership of the Olympus Claims Programs and Initiatives. He brings more than 28 …

  The Florida Workers’ Compensation Research Institute’s WCI360.com reported today, August 12, 2016, that a Plaintiffs’ attorney has filed a lawsuit against the National Council on Compensation Insurance (“NCCI”), the Florida Office of Insurance Regulation and Insurance Commissioner David Altmaier. …

  State’s Largest Insurer Withdraws 8.1 Percent Rate-Hike Request for South Florida South Florida customers of the State’s largest Home Insurer earned a reprieve this week from looming Rate Hikes, the Sun-Sentinel’s Ron Hurtibise reports.    Florida Regulators to Take …

  The Florida Office of Insurance Regulation (“OIR”) announced today, August 11, 2016, that it will conduct a rate hearing in Tallahassee on August 18 at 9 a.m. (ET) to receive public comment on Citizens Property Insurance Corporation’s (“Citizens’”) proposed …

  Florida Office of Insurance Regulation Announces Long-Term Care Public Rate Hearings The Florida Office of Insurance Regulation will conduct two Public Hearings to receive public comment on the proposed statewide Average Rate Increases for specific Long-Term Care Insurance Products …

  Florida Supreme Court Gets Construction Defect Insurance Question The U.S. Court of Appeals for the Eleventh Circuit wants the State High Court to interpret Florida Insurance and Contract Law and answer this question of first impression: Is Chapter 558’s …

  Kevin McCarty, Former Florida Insurance Commissioner Joins the Advisory Board of MBF Healthcare Partners MBF Healthcare Partners announced that Kevin McCarty, Former Florida Insurance Commissioner and Former President of the National Association of Insurance Commissioners has joined its Advisory …

  Remember the Flood Insurance Scare of 2013? It’s Creeping Back into Tampa Bay and Florida The Tampa Bay Times’ Jeff Harrington recollects that three years ago, Tampa Bay was roiling over massive Flood Insurance Rate Hikes.   Important for …

  The National Association of Insurance Commissioners’ (“NAIC”) Reinsurance Task Force has advised that public comments are due by August 22, 2016 on a draft of recent revisions to the XXX/AXXX Credit for Reinsurance Model Regulation.  This comment deadline was …

  Florida Signs Four More Life Claim Settlement Agreements The Florida Office of Insurance Regulation, Florida Department of Financial Services, and the Florida Office of the Attorney General announced late yesterday that National Life Claim Settlement Agreements have been signed with four Life …