Category: Insurance Regulatory News

The following article was published by The News Service of Florida on June 14, 2010: Former state House member Perry McGriff, a Gainesville insurance agent, will file this week to run against Republican Sen. Steve Oelrich, R-Cross Creek, McGriff announced …

  To view a complete story, click on a headline below:   Blog:  State-backed Citizens Property Insurance grows by 107,000 policies In the past four months, Citizens Property Insurance took on 107,511 new policies.   Florida gives insurance companies some …

    Published in the Sarasota Herald-Tribune June 14, 2010By Paige St. John Florida regulators have agreed to allow a once-troubled property insurer to enter hurricane season prepared not for a big hurricane, but multiple smaller ones. The Orlando-based Olympus …

  To view a complete story, click on a headline below:   Allstate changes rules to write more policies Florida subsidiaries of Allstate Insurance Co. have amended their regulations regarding properties near coastal waters in an effort to serve more …

Following is a listing of insurance-related Florida regulatory events for the week of June 14 – 18, 2010: Note:  All times are Eastern Time.  Additional information is available via hyperlink were noted in bold type.    FLORIDA INSURANCE REGULATORY EVENTS        Monday, June …

  To view a complete story, click on a headline below:   Editorial:  Florida needs consumer protections, federal catastrophe fund Gov. Charlie Crist made the right move recently in vetoing a property insurance bill that would have made it easier …

  Florida Governor Charlie Crist recently created the Gulf Oil Spill Economic Recovery Task Force (“Task Force”) to facilitate efforts by Florida business and industries in recovering lost business and revenues due to the Deepwater Horizon oil spill.  The first …

  To view a complete story, click on a headline below:   News Release:  Olympus Insurance Resolves All Known Issues with the Florida Office of Insurance Regulation The Florida Office of Insurance Regulation (OIR) has found that Olympus Insurance Company …

National Underwriter Magazine reported today, June 9, 2010, that the National Flood Insurance Program (“NFIP”) will pay claims for damage to homes and contents from oil driven ashore during hurricanes. According to the Federal Emergency Management Agency, which runs the flood …

To view a complete story, click on a headline below:   Bupa Insurance downgraded by ratings agency A major insurance rating agency has downgraded its outlook on Miami-based Bupa Insurance Co., from stable to negative.   North Miami Beach insurance …