Category: Insurance Regulatory News
Nov 8, 2010
After having temporarily suspended AIR Worldwide Corporation’s (“AIR”) Atlantic Tropical Cyclone Model Version Atlantic Tropical Cyclone Model V12.0, Program CLASIC/2 V12.0, (“Model”) on October 26, 2010 because an error relating to software implementation was discovered, the Florida Commission …
Nov 8, 2010
The following article was published in Florida Underwriter on November 8, 2010: OIR Approves Three More Reinsurers By Staff Writer www.floridaunderwriter.com The Florida Office of Insurance Regulation (OIR) has signed agreements with three Bermuda-based reinsurers to participate in Florida’s insurance …
Nov 5, 2010
Following is a listing of insurance-related Florida legislative and regulatory events for the week of November 8-12, 2010: All times are Eastern Time. Additional information is available via hyperlink where noted in bold type. FLORIDA LEGISLATIVE EVENTS Florida Legislature Organizational …
Nov 5, 2010
The following article was published in the Sun Sentinel on November 5, 2010: Construction Slowdown seems to have little impact on property insurance premiums By Julie Patel www.sun-sentinel.com The cost of rebuilding homes in Florida dropped about 5 percent from …
Nov 4, 2010
To view a complete story, click on a headline below: Blog: Citizens’ hurricane discount inspections broadened to include roof and sinkhole inspections Citizens Property Insurance inspectors will not only scour policyholders’ homes next year to see if they really qualify …
Nov 4, 2010
The Office of the Florida Insurance Consumer Advocate issued the following news release on November 4, 2010: FLORIDA INSURANCE CONSUMER ADVOCATE MAKES RECOMMENDATIONS TO CURB FRAUD AND IMPROVE PERSONAL INJURY PROTECTION COVERAGE TALLAHASSEE – The interim Insurance Consumer Advocate, R. …
Nov 4, 2010
The National Association of Insurance Commissioners (“NAIC”) Executive Committee will meet on November 10 at 3:30 p.m. (ET) via conference call to discuss the release for comment of proposed changes to the NAIC’s Insurance Holding Company Model Law (#440). It …
Nov 4, 2010
The following article was posted to the Sun-Sentinel House Keys blog on November 4, 2010: Special session could cancel hurriane-resistance report cards for home buyers, reinstate energy rebates By Julie Patel www.sun-sentinel.com Prospective home buyers in hurricane-prone areas like South …
Nov 4, 2010
The following article was posted to the Sun Sentinel House Keys blog on November 4, 2010: Citizens’ hurricane discount inspections broadened to include roof and sinkhole inspections www.sun-sentinel.com By Julie Patel Citizens Property Insurance inspectors will not only scour policyholders’ …
Nov 4, 2010
As a result of an August 2010 comprehensive roundtable-style forum on Florida’s Personal Injury Protection (“PIP”) laws, the Office of the Florida Insurance Consumer Advocate issued a November 3, 2010 report to the Florida Legislature in which it offers …