Category: Insurance Regulatory News

The Florida Surplus Lines Service Office (“FSLSO”) will hold its quarterly Member’s Forum on June 23, 2016 at 2 p.m. (EDT).   A complimentary 30-minute Webinar, the event is designed to update participants on important information and current events in …

  A proposed average statewide premium increase of 6.8 percent will be the focus of Florida’s Citizens Property Insurance Corporation’s (“Citizens”) Actuarial and Underwriting Committee meeting tomorrow, June 21, 2016.  The meeting, which is scheduled to begin at 6:30 p.m. …

Note:  Hyperlinks to the attendant documents have been corrected below.   In a press release issued today, June 20, 2016, California Insurance Commissioner Dave Jones announced his decision in a major insurance case pitting a small business against a Berkshire …

  In Bulletin DFS-02-2016 issued June 17, 2016, Florida’s Chief Financial Officer Jeff Atwater advised insurers and self-insurers that the State’s Division of Workers’ Compensation has issued an “Order Setting Assessment Rate for Workers’ Compensation Administration Trust Fund (WCATF) for Calendar Year …

  Florida Theme Parks Review Safety Policies After Fatal Alligator Attack After a gator killed a 2-year-old Nebraska boy at a Walt Disney World Resort, attention soon turned to tourists. In a state with an estimated 1 million alligators, how …

  Public Hearing Requested over Heritage’s 14.9-Percent Insurance Rate Increase Florida’s Insurance Consumer Advocate has called for a Public Hearing over Heritage Property & Casualty’s requested statewide average 14.9-percent rate increase for former policyholders of State-Run Citizens Insurance, the Sun-Sentinel’s Ron …

  Deadline Looms for Citizens’ Appointment Agreements Addressing Data Security Appointed agents and agencies of Florida’s Citizens Property Insurance have just two weeks left to sign new appointment agreements or have their contract with the state-run insurer terminated, Insurance Journal’s …

  The Nevada Division of Insurance (“NDI”) has issued guidance on Credit for Reinsurance standards for Captive Risk Retention Groups (“RRGs”) filing on a U.S. Generally Accepted Accounting Principles basis. In Bulletin 16-003 issued today, June 15, 2016, Nevada Insurance …

  Florida’s Citizens Property Insurance Corporation’s (“Citizens”) Claims Committee meets via teleconference tomorrow, June 16, 2016, from 10 a.m. to 11:30 p.m. (ET) to review and approve a proposed contract for post-catastrophe imagery as part of its overall agenda.  The …

  Troubled Waters Panel Wades into Divisive Insurance Fight The CEO of one of Florida’s 10 biggest property insurers told a forum in Boca Raton Tuesday that inflated water-damage claims are “morally wrong” and hurt all consumers by raising rates, …