Category: Insurance Regulatory News
Apr 6, 2009
To view a complete story, click on a headline below: Florida House committee approves hurricane insurance bill With less than four full weeks left in the 2009 session, lawmakers started moving legislation Friday aimed at reducing a multibillion dollar …
Apr 6, 2009
An Order issued today, April 6, 2009, by United States District Court Judge Stephan P. Mickle in Tallahassee, rules that because Coventry First LLC is a licensed Florida viatical settlement provider, it is subject to Florida law as it relates …
Apr 6, 2009
The Florida Hurricane Catastrophe Fund (“FHCF”) 2009 Ratemaking Formula Report was revised on April 1, 2009. The additional clarifications occur in Exhibit I, on page 20, and in Exhibit XIV, on page 121 of the Report. To view the …
Apr 3, 2009
A day after revealing robust fundraising for the first three months of the year, U.S. Rep. Kendrick Meek sought to continue the momentum in his race for the U.S. Senate Thursday. Meek announced he planned to officially qualify with the …
Apr 3, 2009
On Tuesday, March 31, 2009, the Florida Office of Insurance Regulation (“OIR”) held a Rule Development Workshop on Proposed Rule 69O-189.003, F.A.C., relating to Application and Audit Procedures for Workers’ Compensation Insurance. The proposed Rule will specify those audit …
Apr 3, 2009
To view a complete story, click on a headline below: Insurers may get free rein on rates For two years, Florida lawmakers and regulators have reined in property-insurance rates. Lawmakers told to overhaul property insurance A coalition pushes …
Apr 3, 2009
The Citizens Property Insurance Corporation (“Citizens”) Claims Committee (“Committee”) met via teleconference on March 31, 2009. To view the meeting agenda, click here. The following recently-filled key Citizens staff positions were announced: Jay Adams, Director of Catastrophe Operations Eric …
Apr 3, 2009
The National Association of Insurance Commissioners Solvency Modernization Initiative Task Force (“Task Force”) will hold a Conference Call on Thursday, April 16, 2009, 1:30-3:00 p.m. EST. To participate, click here or call 800-967-4633 to register. The call-in telephone number …
Apr 3, 2009
Florida Senate Session The Florida Senate held Session on Thursday, April 2, and acted on the following insurance-related bill: SB 1432 relating to Insurance Premiums by State Senator Ronda Storms (R-Brandon) Update: SB 1432 was placed on the …
Apr 2, 2009
The National Association of Insurance Commissioners’ (“NAIC”) Catastrophe Modeling Subgroup (“Subgroup”) of the Casualty Actuarial & Statistical (C) Task Force met via teleconference on Thursday, April 2, 2009. A quorum of Subgroup members was not present, so discussion was …