Category: Insurance Regulatory News

  In a March 25, 2013 notice inviting comment on proposed policy it called “contrary to prudent business practice,” the Federal Housing Finance Agency (“FHFA”) is proposing a ban of force-placed insurance commissions and reinsurance fees to banks on loans …

  At its meeting yesterday, March 25, 2013, the National Association of Insurance Commissioners (“NAIC”) Own Risk and Solvency Assessment (“ORSA”) Subgroup (“Subgroup”) adopted the first changes to the ORSA Guidance Manual (“Manual”) since its most recent revision in 2011. …

  The National Association of Insurance Commissioners (“NAIC”) will hold its Spring 2013 National Meeting from April 6-9 in Houston, Texas. Below are agenda highlights from various committees scheduled to meet during that time. To view complete meeting details, including …

  To go directly to the section of your choice, click on a hyperlink below.  Other hyperlinks to meeting information, bills and news are noted in bold type.   Daily Florida Insurance-Related Events Daily Florida Insurance-Related News   Daily Florida …

  The National Conference of Insurance Legislators (“NCOIL”) held its 2013 Spring Meeting in Washington, D.C., from March 8-10, 2013.  More than 280 state legislators, insurance regulators, federal officials, media, and consumer and industry representatives attended. Notably, by passage of …

  Citizens Property Insurance Corporation (“Citizens”) announced today, March 25, 2013, that it has released a Web-based True Cost Calculator that is designed to illustrate how assessments in the wake of a catastrophic storm can affect both Citizens and non-Citizens …

  During a teleconference on March 19, 2013, the Florida Board of Employee Leasing Companies (“BELC”) reviewed several controlling person applications, approving some and tabling others due to unanswered questions, missing information, or the need for sworn testimony.  To view …

  To go directly to the section of your choice, click on a hyperlink below.  Other hyperlinks to meeting information, bills and news are noted in bold type.   Daily Florida Insurance-Related Events Daily Florida Insurance-Related News   Daily Florida …

  At its meeting today, March 22, 2013, Citizens Property Insurance Corporation (“Citizens”) Board of Governors (“Board”) announced a new employee travel policy, modified its qualifications for sinkhole insurance, approved rate increases for commercial coverage, agreed to buy reinsurance for …

  At its meeting on March 21, 2013, Citizens Property Insurance Corporation (“Citizens”) Market Accountability Advisory Committee (“Committee”) heard a variety of updates, including specifics on Citizens’ recent revisions to its Binding Violation and Late Submission program.  The issue of …