Category: Insurance Regulatory News
Jul 7, 2016
In Advisory Letter 2016-02 issued today, July 7, 2016, Louisiana Insurance Commissioner Jim Donelon advised all producer agencies on the mandatory reporting requirements of La. R.S. 22:1546 (B), explaining that some may be unaware of and are failing to …
Jul 7, 2016
The Florida Hurricane Catastrophe Fund (“FHCF”) published a number of updates today, July 7, 2016: 1. The Operations Questions and Advance Records and Information have been posted for FHCF Contract Year 2016/2017. To view them, click here. 2. In …
Jul 7, 2016
Justices Asked to Rule on Florida’s Credit Card Surcharge Law Florida Attorney General Pam Bondi is asking the U.S. Supreme Court to take up a dispute about the constitutionality of a Florida Law that has blocked businesses from imposing …
Jul 6, 2016
Insurer Heritage Withdraws Proposed 14.9% Rate Hike In an unusual move, one of Florida’s largest insurers has withdrawn its request for a 14.9 percent rate increase scrutinized by Palm Beach Post reporting and questioned by homeowner advocates, Charles Elmore …
Jul 5, 2016
More Home-Insurance Companies are Looking at Your Credit As South Florida Property Insurance Rates climb this year, Homeowners are paying more attention to everything that can affect their premiums, the Sun-Sentinel’s Ron Hurtibise reports. HCI Group Insurance Subsidiary, …
Jul 1, 2016
A new report published by the Ohio Department of Insurance illustrates a competitive Ohio property and casualty insurance marketplace that Ohio Lieutenant Governor Mary Taylor says is benefiting consumers with lower than average premiums and career opportunities. “We are …
Jul 1, 2016
The Florida Office of Insurance Regulation (“OIR”) received an amended rate filing by the National Council on Compensation Insurance (“NCCI”) yesterday, June 30, 2016. The filing, which addresses a third legal change affecting Florida’s workers’ compensation system, increases NCCI’s initial …
Jul 1, 2016
After a spike in water damage claims, Citizens changes policy Important policy changes for Citizens Property Insurance policyholders begin Friday as the state-backed insurer takes steps to control costs that it says threaten to raise rates. These changes stem …
Jun 30, 2016
Ft. Lauderdale-Based Universal Insurance Holdings Expands to 13th State Fort Lauderdale-Based Universal Insurance Holdings has expanded into Alabama and Minnesota and now writes Policies in 13 states, the Sun-Sentinel’s Ron Hurtibise reports. Governor Scott Declares State of Emergency …
Jun 29, 2016
The California Department of Insurance announced today, June 29, 2016, that two Berkshire Hathaway companies–the California Insurance Company (“CIC”) and Applied Underwriters Captive Risk Assurance Company, Inc. (“AUCRA”)–were issued a cease and desist order from the California Department of Insurance …