Category: Insurance Regulatory News

  To ensure language in the proposed Non-admitted Insurance Multi-State Agreement (“NIMA”) is precise, the National Association of Insurance Commissioners (“NAIC”) Surplus Lines Implementation Task Force (“Task Force”) will continue its work during a teleconference scheduled for December 1 at …

  To view a complete story, click on a headline below: Fraud Is Not the Driving Force Behind Sinkhole Claims There has been a lot of talk of late about sinkholes and their impact on Florida’s property insurance industry. Tampa …

  Attending legislators at the November 18-21 National Conference of Insurance Legislators (“NCOIL”) 2010 Annual Meeting adopted a “slimmed-down” version of the Surplus Lines Insurance Multi-State Compliance Compact after it was approved on November 18 by NCOIL’s State-Federal Relations Committee. …

The following article was published in the St. Petersburg Times on November 20, 2010:  Tampa Bay insurance firm Baldwin Connelly to split http://www.tampabay.com/ By Jeff Harrington Citing “different opinions” on a long-term vision, Tampa Bay insurance brokerage Baldwin Connelly is …

  After consideration of a revised draft of the Surplus Lines Insurance Multi-State Compliance Compact (“SLIMPACT-Lite”) proposal this afternoon, the National Conference of Insurance Legislators (“NCOIL”) State-Federal Relations Committee (“Committee”) ultimately adopted two resolutions regarding compliance with the Non-Admitted Reinsurance …

To view a complete story, click on a headline below:     News Release:  Florida public adjuster fears consumers will lose protection benefits under Governor-elect Rick Scott Following Governor-elect Rick Scott’s message that he intends to revamp the state’s insurance …

  At the National Conference of Insurance Legislators (“NCOIL”) Annual Meeting today, November 19, 2010, state legislators and regulators discussed options for addressing mandates in the Non-Admitted Reinsurance Reform Act of 2010 (“NRRA”), which is part of the recently passed …

  The National Conference of Insurance Legislators meets this week, from November 18-21, 2010, for its 2010 Annual Meeting at which legislators will review, among others, the following key issues, proposals for which can be accessed by clicking on the hyperlinks below: Fees for …

  To view a complete story, click on a headline below:   Florida Department of Financial Services, Division of Agent and Agency Services No Longer Accepting VISA-branded Cards As of December 15, 2010 The Florida Department of Financial Services, Division of …

The Florida Department of Financial Services, Division of Agent and Agency Services (“Division”) has announced that, effective December 15, 2010, it will no longer accept VISA-branded credit or debit cards. According to the Division, VISA’s regulations prevent a pass through …