Category: Insurance Regulatory News

Today, June 24, 2009, the Florida Department of Financial Services (“DFS”), Division of Workers’ Compensation held a Rule Development Workshop on Rule Chapter 69L-5, F.A.C. entitled “Rules for Self-Insurers under the Workers’ Compensation Act.” The proposed Rules would repeal all …

The Florida Office of Insurance Regulation has issued a Notice of Proposed Rule Development regarding Rule 69O-236.001 Annual Report Card.  Copies of the Notice and proposed Rule text are attached. The proposed Rule would adopt an annual report card specifically …

The Florida Hurricane Catastrophe Fund (“FHCF”) Website has been updated to include information regarding FHCF-related 2009 State legislation and regulations, which are listed below: House Bill 1495 Emergency Rule 19ER09-01 (Reimbursement Contract) Amended Addendum #2 to Reimbursement Contract Addendum #4 …

The Florida Department of Financial Services (“DFS”), Division of Workers’ Compensation has issued a Notice of Proposed Rulemaking regarding Rule Chapter 69L-5: Rules for Self-Insurers Under the Workers’ Compensation Act. Rule Chapter 69L-5 is being amended to concurrently repeal and …

Florida schools will lose 10,000 students next year, the third straight year of declining enrollment in what remains the nation’s fourth largest school system. The Legislature’s Economic, Demographic and Research Office posted results Monday from its June 11 conference that …

The Florida Department of Financial Services (“DFS”) Division of Consumer Services held a Rule Development Workshop on proposed Rule 69J-123.002 relating to document processing of civil remedy proceedings filed against insurers.   DFS Assistant General Counsel Tom Valentine and Chief …

To view a complete story, click on a headline below:   State Farm Says It Will Reconsider Florida Exit If Rates Deregulated Florida’s biggest private insurer of property, State Farm Florida, has told Gov. Charlie Crist it would “be willing …

On Monday, June 22, 2009, Citizens Property Insurance Corporation’s (“Citizens”) Actuarial and Underwriting Committee (“Committee”) met to discuss the required filing by Citizens of an actuarially sound rate by July 15, 2009.  During its most recent meeting on June 2nd, …

After receiving legal counsel from the Florida Office of Insurance Regulation (“OIR”) and its own General Counsel on whether its June 2 rate filing recommendation was consistent with the actuarial soundness provisions of HB 1495, the Citizens Property Insurance Corporation (“Citizens”) …

Citing extensive damage to specific crops, Florida Governor Charlie Crist sent a letter to United States Department of Agriculture Secretary Tom Vilsack on June 19 requesting a federal agricultural disaster declaration for 11 Florida counties, including Columbia, Flagler, Hardee, Henry, Highlands, Manatee, …