Category: Insurance Regulatory News
Dec 22, 2009
Intercontinental Marine Service Corporation, DBA First Warranty Group of Florida has been ordered into liquidation by the Leon County Circuit Court and its remaining motor vehicle service warranty agreements were cancelled as of 11:59 p.m. on December 18, 2009. For …
Dec 22, 2009
In two separate announcements issued today, December 22, 2009, the Florida Office of Insurance Regulation (“OIR”) ordered a motor vehicle warranty company, as well as a health insurer and both of their respective affiliates to cease and desist transacting the …
Dec 21, 2009
The Florida Office of Insurance Regulation (“OIR”) held a hearing today, December 21, 2009, to further discuss proposed amendments to Rule 69O-170.0155 regarding forms relating to insurance premium discounts for hurricane loss mitigation. The amendments would revise Form OIR-B1-1655, entitled “Notice …
Dec 21, 2009
To view a complete story, click on a headline below: Tornado damages 163 Port Orange homes The tornado that ripped through three Port Orange communities Friday evening happened so fast residents weren’t aware it was happening until …
Dec 21, 2009
The Miami Herald published this letter on December 18, 2009. BY U.S. SENATORS PATRICK LEAHY and SHELDON WHITEHOUSE leahy.senate.gov As the Senate considers historic reforms to healthcare and the health insurance industry, it should repeal the health and medical malpractice insurance industries’ …
Dec 21, 2009
The Miami Herald publised this article on December 19, 2009. The Associated Press A defeat to a bid to put slot machines at Miami International Airport. State regulators rejected the proposal Friday, citing a variety of concerns. The airport was …
Dec 21, 2009
The Miami Herald published this article on December 21, 2009 Florida’s consumers scored a significant victory last week when State Farm dropped its threat to walk away from this market. The company decided instead to continue to write policies under …
Dec 21, 2009
Monday, December 21 OIR Rule Hearing–Mitigation Inspection Forms On Monday, December 21, 2009, the Florida Financial Services Commission, Office of Insurance Regulation (“OIR”) held a Hearing on proposed amendments to Rule 69O-170.0155 regarding insurance premium discounts for …
Dec 18, 2009
The Florida Commission on Hurricane Loss Projection Methodology (“Commission”) Windstorm Mitigation Committee (“Committee”) met today, December 18, 2009, in Tallahassee. The agenda included a review of the problems and possible solutions relating to Florida’s windstorm mitigation credit system. Pursuant to …
Dec 18, 2009
To view a complete story, click on a headline below: THE NEWS SERVICE OF FLORIDA: Lawmakers ask if Citizens rates went up enough? When lawmakers decided earlier this year that rates for coverage by Citizens Property Insurance …