Category: Insurance Regulatory News

  The Florida Hurricane Catastrophe Fund (“FHCF”) Advisory Council (“Council”) held a regularly scheduled meeting on March 18, 2010, during which it reviewed the 2010 FHCF Reimbursement Premium Formula.  To view the agenda and related materials, which include the 2010 …

    To view a complete story, click on a headline below:   William Stander:  Property insurers’ breaking point In response to “How insurers make millions on the side:” The unfortunate truth is that during the past several years, government …

  The Florida Board of Employee Leasing Companies (“Board”) met in teleconference on March 17, 2010, during which various employee leasing company-related administrative matters were considered.  To view the complete meeting agenda, click here. (Please note that the agenda includes a …

The Miami Herald published this article on Marcyh 18, 2010. The Associated Press TALLAHASSEE, Fla. — The House has passed a pair of bills to limit “slip-and-fall” lawsuits against businesses and cap fees the state pays to outside lawyers. Both …

At the request of Florida Chief Financial Officer Alex Sink, Florida Insurance Commissioner Kevin McCarty is scheduled to report on the status of the State’s property insurance market at the March 23 meeting of the Florida Cabinet.  Commissioner McCarty will …

A “robust” discussion on regulatory capital requirements, accounting and valuation issues and the related challenges of corporate governance and risk management was the focus of the recently concluded National Association of Insurance Commissioners’ (“NAIC”) Solvency Modernization Initiative Task Force Interim …

    To view a complete story, click on a headline below:   Barney Bishop:  Hurricane tax won’t stabilize insurance As the state legislative session kicked off this month, I began to wonder if I was experiencing deja vu.   …

The Miami Herald published this article on March 17, 2010. Growth management, which was at the center of an uproar last year, is being avoided this year by lawmakers. BY JOHN FRANK AND CRAIG PITTMAN Herald/Times Tallahassee Bureau TALLAHASSEE — …

The Miami Herald published this article on March 17, 2010. By BILL KACZOR Associated Press Writer TALLAHASSEE, Fla. — Florida last year taxed motorists’ wallets. Now, it’s taxing their patience. The Legislature in 2009 dramatically raised a wide range of …

REMINDER:  Insurers seeking limited apportionment company (“LAC”) status for 2010 must petition the Florida Office of Insurance Regulation (“OIR”) within the first 90 days of 2010.  Applications received after this deadline will not be considered. Companies that had LAC status …