Category: Insurance Regulatory News

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 …

  Yesterday, November 17, 2010, the Florida Office of Insurance Regulation (“OIR”), held a Rule Development Workshop on proposed Rule 69O-189.007, entitled “Insurer Experience Reporting- Excessive Profits, Workers’ Compensation Insurance.”  OIR Actuary Jim Watford and OIR Attorney Bob Prentiss presided …

To view a complete story, click on the headline below:    North Carolina Escapes Storms; Will It Escape Florida’s Insurance Woes? Earlier in 2010, Colorado State’s Tropical Meteorology Project forecasted eight hurricanes to emerge from 15 named tropical storms in …

The following article was published by Sunshine News on November 16, 2010: Road to Republican Party of Florida Chairmanship runs through Sarasota By Kenric Ward www.sunshinestatenews.com In the run for Republican Party of Florida chairman, Joe Gruters, the young party …

The following article was published in the Palm Beach Post on November 15, 2010:  Rare veto override votes set Tuesday in Florida By Bill Kaczor www.palmbeachpost.com Florida lawmakers are poised to do something they haven’t done in 12 years and …

The following article was published in the Daytona Beach News-Journal on November 15, 2010:  Insurance rates in Florida keep rising, with or without hurricanes By Tom Knox http://www.news-journalonline.com/  Robert W. Elton’s property insurance has more than doubled in five years. …

The following article was published in the Sarasota Herald-Tribune on November 14, 2010:   More storms now than ever? Yes. No. Maybe. By Paige St. John http://www.heraldtribune.com/ The common insurance industry claim that hurricanes are on the rise lacks an essential …

  To view a complete story, click on a headline below:   Paige St. John:  Florida Insurers rely on dubious storm model Hurricane Katrina extracted a terrifying toll — 1,200 dead, a premier American city in ruins, and the nation …

  The National Association of Insurance Commissioners (“NAIC”) Surplus Lines Implementation Task Force (“Task Force”) will review additional revisions to the proposed Nonadmitted Insurance Multi-State Agreement (“NIMA”) during a conference call at 2:30 p.m. (ET) on Tuesday, November 16, 2010. …

The following article was published in the St. Petersburg Times on November 15, 2010:    Crash course for 54 new lawmakers at Florida Capitol By Steve Bousquet www.tampabay.com As one of dozens of newly elected state lawmakers, Rep. Doug Broxson …