Category: Insurance Regulatory News
Jun 21, 2010
To view a complete story, click on a headline below: Miami Chinese drywall verdict is in: $2.5 million About two-and-a-half years after a Miami couple first wondered about the strange odor in their home, a Miami-Dade jury awarded …
Jun 21, 2010
Because insurance complaint coding has a significant impact on regulatory focus, as well as the way in which insurance departments and the National Association of Insurance Commissioners (“NAIC”) portray an insurance company’s complaint data to the public, the NAIC’s …
Jun 21, 2010
XL Re Ltd has become the first Bermuda company approved by the Florida Office of Insurance Regulation to qualify as an “eligible reinsurer” under the State’s lower reinsurance collateral requirements. XL Re Ltd is a Bermuda-domiciled subsidiary of XL …
Jun 21, 2010
The following article was published by Dow Jones Newswires on June 21, 2010: MUMBAI -(Dow Jones)- India’s government has ruled that the country’s insurance regulator, and not the Securities and Exchange Board of India, will be responsible for overseeing unit-linked …
Jun 18, 2010
Following is a listing of insurance-related Florida regulatory events for the week of June 21 – 25, 2010: Note: All times are Eastern Time. Additional information is available via hyperlink were noted in bold type. FLORIDA INSURANCE REGULATORY EVENTS Monday, June …
Jun 18, 2010
To view a complete story, click on a headline below: XL Re Takes Advantage of Fla. Reduced Collateral Rule The Florida Office of Insurance Regulation said it has reached an agreement with a second reinsurer to participate in …
Jun 18, 2010
Pursuant to a Florida Department of Financial Services (“DFS”) order issued on June 17, 2010, the assessment rate for the Florida’s Workers’ Compensation Administration Trust Fund has been set at 0.98 percent beginning January 1, 2011. The DFS has …
Jun 18, 2010
On June 18, 2010, the federal bank and thrift regulatory agencies announced a series of upcoming public hearings on modernizing the regulations that implement the Community Reinvestment Act (“CRA”). Interested parties are invited to provide testimony and written comments. The …
Jun 17, 2010
The following article was published by The News Service of Florida on June 17, 2010: By DAVID ROYSE SARASOTA, Fla. June 17, 2010…Republican gubernatorial candidate Bill McCollum said Thursday he wants a two year freeze on local government property tax …
Jun 17, 2010
To view a complete story, click on a headline below: Fla. Public Insurance Exposure Tops $2T The Florida Hurricane Catastrophe Fund and Florida Citizens Property Insurance Corp. have more than $2 trillion in total exposures, exceeding the exposures …