Category: Insurance Regulatory News
Jul 12, 2017
Milliman Analysis Indicates Majority of Florida Single-Family Homes Could See Cheaper Premiums With Private Flood Insurance Conversely, Private Insurance would cost at least Double the NFIP Premium for 14% of Single-Family Homes in Florida, 21% in Louisiana, and 5% in Texas. · …
Jul 11, 2017
Report: The Southeast’s Storm Surge Risk and Florida’s Hurricane Wake-Up Call The Southeast Coastal States CoreLogic examined in its Report of Alabama, Florida, Georgia, Mississippi, South Carolina and North Carolina, account for at least 3.6 Million of the 6.9 …
Jul 10, 2017
Despite Last Year’s Hurricane Damage, Insurance Companies Sticking with Florida Clients About a Decade ago, Hurricanes Charley, Frances, Ivan and Jeanne caused an estimated $45 Billion in Property Damage in Florida and enough uneasiness in the Insurance Industry that …
Jul 7, 2017
The National Conference of Insurance Legislators (“NCOIL”) will convene its 2017 Summer Meeting from July 12-15 in Chicago, Illinois. Highlighted by a keynote speech by former U.S. Secretary of Agriculture Dan Glickman, the event will feature several sessions on …
Jul 7, 2017
Florida’s Citizens CEO Gilway Responds to Claims About Managed Repair Program Unfortunately, a recent opinion piece “Opinion: Floridians will pay More for Less under Citizens Managed Repair Program” contains a number of mischaracterizations and inaccuracies regarding Citizens Managed Repair Program that …
Jul 6, 2017
The Florida Division of Insurance Agent and Agency Services issued a Notice of Change today, July 6, 2017, on Rule 69B-250.002, “Qualifications of Mediators,” which is one of three proposed Rules relating to Florida’s property and auto insurance claim …
Jul 6, 2017
Public Adjusters Say Floridians Will Pay More For Less Under Citizens Managed Repair Program Last month, Citizens Property Insurance Board of Governors, citing AOB Abuse as the reason, Approved a Form Change to their Policies that restricts Coverage for Policyholders …
Jun 30, 2017
Jimmy Patronis is Sworn in as Florida’s Chief Financial Officer Former State Rep. and Public Service Commissioner Jimmy Patronis was Sworn in Friday morning as the State’s Fourth Chief Financial Officer. Jim Rosica reports for SaintPetersBlog.com. Study: Texas, …
Jun 29, 2017
Contains Key Statistics on State Insurance Department Resources and Regulatory Activities The National Association of Insurance Commissioners (“NAIC”) released the first volume of the 30th edition of the Insurance Department Resources Report (“IDRR”) today, June 29, 2017, to help …
Jun 29, 2017
Written comments are now being accepted by the Florida Office of Insurance Regulation (“OIR”) until July 20, 2017 on a number of proposed Rules relating to applications procedures for insurers seeking to do business in Florida. The Rule Chapter, …