Category: Insurance Regulatory News

Note:  A press release from the Office of Florida Chief Financial Officer Alex Sink regarding today’s Cabinet meeting is reprinted at the end of this report.  The Florida Cabinet met today, May 13, 2009, and considered insurance and financial-related matters …

Update:  The proposed Rule draft of 69O-142.015:  Standardized Requirements Applicable to Insurers After Hurricanes or Natural Disasters is attached for your review, in addition to the referenced form OIR-DO-1681.   The Florida Department of Financial Services, Office of Insurance Regulation …

Above:  Florida Chief Financial Officer Alex Sink announces bid to become Florida’s first female Governor   Today, May 13, 2009, Florida Chief Financial Officer (“CFO”) Alex Sink announced her candidacy to become Florida’s first female Governor.  CFO Sink is the …

To view a complete story, click on a headline below: Above: Florida Governor Charlie Crist began his bid for a Senate Seat at the Florida Capitol in Tallahassee.  Credit: Mark Wallheiser/Reuters   Governor Crist Appoints Interim Emergency Managers Governor Charlie …

On Tuesday, May 12, 2009, the Florida Hurricane Catastrophe Fund (“FHCF”) Advisory Council (“Council”) met in Tallahassee, Florida.  The Council considered, discussed and approved three agenda items:  the May 2009 FHCF bonding estimates, filing the FHCF premium formula Rule, and …

After reviewing revisions to National Association of Insurance Commissioners model regulations, the Florida Office of Insurance Regulation (“OIR”) is recommending changes to reserve rules in the Florida Administrative Code.  The proposed change adds Rule 69O-164.040:  Determining Reserve Liabilities for Preneed …

The National Association of Insurance Commissioners (“NAIC”) Catastrophe Reserve (C) Working Group (“Group”) met via teleconference on May 12, 2009.  A subgroup of the Property and Casualty Insurance (C) Committee (“Committee”), the Group was formed for the purpose of reviewing …

On Monday, May 11, 2009, Citizens Property Insurance Corporation (“Citizens”) Actuarial and Underwriting Committee (“Committee”) held a meeting to discuss proposed changes to disputed claims policy forms and commercial and personal residential multi-peril policies, as well as receive updates on …

Above:  Florida Governor Charlie Crist, 52, Confirms Bid for U.S. Senate Seat   On Tuesday, May 12, 2009, Florida Governor Charlie Crist confirmed that he will run for the seat to be vacated by retiring U.S. Senator Mel Martinez.  A …

To view a complete story, click on a headline below:   New insurance legislation would raise rates With the official start of the 2009 hurricane season only three weeks away, Florida property owners can anticipate higher homeowners insurance rates. Key …