Category: Insurance Regulatory News

  At its meeting today, September 6, 2012, Citizens Property Insurance Corporation (“Citizens”) Depopulation Committee (“Committee”) approved a surplus notes loan program that would cost Florida’s insurer-of-last-resort $300 million in incentives to coax private insurers to assume as many as …

  Florida Insurance Commissioner Kevin McCarty announced today, September 6, 2012, that the State Office of Insurance Regulation (“OIR”) has approved the removal of 150,000 policies from Citizens Property Insurance Corporation (“Citizens”) by four private-sector companies–Florida Peninsula Insurance Company (35,000 …

  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 Insurance-Related News Daily Florida Insurance-Related Events   …

1:00 p.m.–Citizens Property Insurance Corporation Consumer Services Committee Meeting. Teleconference: 866-361-7525; participation code: 6487811620#. To view the meeting notice, click here..

2:30 p.m.–Citizens Property Insurance Corporation Depopulation Committee meeting, Teleconference: 855-312-8651; participation code: 4458606638#. To view the meeting notice, click here.

11:00 a.m.–Citizens Property Insurance Corporation Market Accountability Advisory Committee Meeting. Teleconference: 866-361-7525; participant code: 4869641229#. To view the meeting notice, click here.

  The Florida Office of Insurance Regulation (“OIR”) has scheduled a September 20, 2012 public rate hearing to review proposed rate increases for Citizens Property Insurance Corporation’s (“Citizens”) Coastal Account (formerly known as the High-Risk Account) and Personal Lines Account.  …

  The following article was published in The New York Times on September 4, 2012:    With Lax Regulation, a Risky Industry Flourishes Offshore   By Steven M. Davidoff www.nytimes.com   The hedge fund industry has been rushing headlong to …

  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 Insurance-Related News Daily Florida Insurance-Related Events   …

  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 Insurance-Related News Daily Florida Insurance-Related Events   …