Category: Insurance Regulatory News

  Comments are due by May 13, 2016 on the International Association of Insurance Supervisors (“IAIS) Issues Paper on Cyber Risk to the Insurance Sector, the National Association of Insurance Commissioners (“NAIC”) International Insurance Relations Committee (“Committee”) reminded regulators and …

  The National Association of Professional Surplus Lines Offices (“NAPSLO”) advised today, May 3, 2016, that the Non-Admitted Insurance Multi-State Association unanimously decided to dissolve the National Insurance Multi-State Agreement (“NIMA”).  The announcement states that a “wind-down” plan was adopted …

  Execs Warn of Impending Florida Market Crisis Over Water Loss Claims Abuse of assignment of benefits from water loss claims has become a full-blown Florida insurance crisis that will mean higher insurance rates next year and for the foreseeable …

  Scott, Cabinet Go In-House for Insurance Commissioner Remaining in-house, Gov. Rick Scott and state Chief Financial Officer Jeff Atwater — in their third attempt to reach a joint recommendation on the high-profile job — agreed to promote Deputy Commissioner …

With a unanimous vote of the Florida Cabinet, Florida Office of Insurance Regulation Deputy Commissioner for Property & Casualty David Altmaier has been named as Florida’s new Insurance Commissioner. The Cabinet also voted to allow outgoing Insurance Commissioner Kevin McCarty to …

  Florida insurance regulators David Altmaier, Rich Robleto and Eric Johnson will be interviewed by the Florida Cabinet for the position of Florida Insurance Commissioner at 9 a.m. (ET) this morning, April 29, 2016. Cabinet members who will not be …

  The Florida Office of Insurance Regulation (“OIR”) advised today, April 28, 2016, that the Florida Supreme Court issued opinions in two cases with a potential impact on Florida’s workers’ compensation insurance rates.  In Castellanos v. Next Door Company, the Florida Supreme …

  Scott Counsel: McCarty Extension Requires Cabinet Approval Florida Insurance Commissioner Kevin McCarty cannot stay in his post beyond May 2, unless the extension is approved by Governor Rick Scott, Chief Financial Officer Jeff Atwater and at least one other …

  The Florida Office of Insurance Regulation (“OIR”) recently indicated that private insurance carriers could adopt the same language that had recently been approved for Citizens Property Insurance Corporation (“Citizens”) in regard to addressing claims challenges presented by assignment of …

  Selection of a new Florida Insurance Commissioner was deferred once again at the Florida Cabinet meeting today, April 26, 2016.  American Traditions Insurance Company General Counsel and Corporate Secretary Ray Blacklidge and Florida Office of Insurance Regulation (“OIR”) Chief of Staff Belinda …