Category: Insurance Regulatory News
May 22, 2009
Tuesday, May 26 OIR Rule Hearing The Florida Department of Financial Services, Office of Insurance Regulation (“OIR”) has issued a Notice of Rulemaking Development regarding the following Rule relating to insurer claims reporting requirements: 69O-142.015: Standardized Requirements Applicable …
May 22, 2009
UPDTAED MAY 22, 2009 About TALF The Federal Reserve Board on November 25, 2008 announced the creation of the Term Asset-Backed Securities Loan Facility (TALF), a facility that will help market participants meet the credit needs of households and small …
Demotech, Inc. Releases Financial Stability Ratings for Florida Property Insurance Companies: May 21
May 22, 2009
As part of its ongoing review and analysis of Florida’s property and casualty insurance market, Demotech, Inc. released the attached Financial Stability Ratings for Florida property insurance companies on Thursday, May 21, 2009. Should you have any questions or …
May 21, 2009
On Tuesday, May 19, 2009, the Florida Commission on Hurricane Loss Projection Methodology (“Commission”) reviewed and approved the AIR Worldwide Corporation Atlantic Tropical Cyclone Model V11.0 (“AIR V11.0”) as part of its regular meeting agenda. The following is a brief …
May 21, 2009
On Wednesday, May 20, 2009, the Board of Employee Leasing Companies (“Board”) met to consider employee leasing company applications, controlling person applications, de minimis exemption and registration applications and employee leasing company name changes. The following employee leasing company and …
May 21, 2009
The National Association of Insurance Commissioners (“NAIC”) Summer 2009 National Meeting is scheduled to be held from June 13-16, 2009, in Minneapolis. Major property and casualty, as well as life and health insurance-related issues on the meeting agenda are …
May 21, 2009
To view a complete story, click on a headline below: Fla. Senator Mike Bennett wants insurance chief to resign Sen. Mike Bennett, R-Bradenton, wrote Insurance Commissioner Kevin McCarty that lawmakers can no longer trust his word after he suggested …
May 21, 2009
Florida Insurance Commissioner Kevin McCarty, along with National Association of Insurance Commissioners representatives, met with Congress members this week to advocate the preservation of state-based insurance regulation. A press release from the Florida Office of Insurance Regulation on the meeting …
May 21, 2009
Florida Governor Charlie Crist signed four economic development-related bills into law today, May 21, 2009, one of which is a major economic development package that strengthens programs related to the Florida Office of Tourism, Trade and Economic Development and Enterprise …
May 20, 2009
The shortfall in available funding for the Florida Hurricane Catastrophe Fund (FCHF) has raised concerns that it may not be able to meet its liabilities if there is a large hurricane this year. According to Chris O’Kane, CEO of Aspen …