Category: Insurance Regulatory News

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 open Bermuda-based reinsurers. Reinsurance, …

The following article was published in The Palm Beach Post on September 3, 2012: 90,000 Citizens Reports for Property Insurance Discounts Rejected By Charles Elmore www.palmbeachpost.com Forget a few isolated cases. More than 90,000 times, Florida’s last-resort insurer Citizens and …

The following article was published in The Sunshine State News on September 1, 2012: Barry Gilway ready to defend Citizens Property’s travel expenses By Jim Turner www.sunshinestatenews.com   Florida Sen. Mike Fasano, R-New Port Richey, wants the Florida Cabinet to …

  Following is a listing of Florida insurance-related regulatory events for the week of September 3-7, 2012: All times are Eastern Time (“ET”).  Additional information is available via hyperlink where noted in bold type.     FLORIDA INSURANCE REGULATORY EVENTS …

  In an Order to all property and casualty insurance carriers from Florida Insurance Commissioner Kevin McCarty issued yesterday, August 30, 2012, the Florida Office of Insurance Regulation updated underwriting profit and contingency factors that insurers may use in rate …

  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   …

  The Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) Rates and Forms Committee (“Committee”) met yesterday, August 30, 2012, during which it took several actions. The meeting began with an overview of the 2013 Rate Indication prepared by Milliman.  The …

The following article was published in The Florida Current on August 31, 2012: Sen. Fasano calls for Cabinet hearing on Citizens’ travel spending By Gray Rohrer www.thefloridacurrent.com   Sen. Mike Fasano, R-New Port Richey, sent letters to Gov. Rick Scott …

8:00 a.m. to 1:00 p.m.–Insurance Regulatory Examiners Society conference. MCM Designation Program. Westin Diplomat Resort, Room 201, 3555 South Ocean Drive, Hollywood, FL 33019. Schedule: Procedure Reviews Global Case Study Certification Examination General Members $425 Sustaining Members $780 Non-member Regulators …

  At its meeting today, August 30, 2012, the Florida Hurricane Catastrophe Fund (“FHCF”) Advisory Council (“Council”) unanimously voted to file Rule 19-8.010 Reimbursement Contract and its Incorporated Forms for Notice of Proposed Rule and, if no one requests a …