Category: Insurance Regulatory News

On Thursday, February 26, 2009, the National Association of Insurance Commissioners (“NAIC”) Multi-State Surplus Premium Tax Working Group (“Working Group”) met to discuss the draft Surplus Lines Survey for State Regulators (“Survey”) and comments received from the American Insurance Association …

THE NEWS SERVICE OF FLORIDA–February 26, 2009 Also in Washington today, the House Appropriations Committee’s Homeland Security Subcommittee holds a hearing on “Disaster Response: Is FEMA (Federal Emergency Management Agency) up to the Challenge?” Among the witnesses is Craig Fugate, …

THE NEWS SERVICE OF FLORIDA–February 26, 2009 By DAVID ROYSE THE CAPITAL, TALLAHASSEE…….With Florida joining of the multi-state Powerball game, a Florida House freshman sees a good way to reverse some of the cuts to the state’s Voluntary Pre-kindergarten Program. …

National Underwriter–February 25, 2009 BY ARTHUR D. POSTAL WASHINGTON-Federal regulators lack the power to deal appropriately with insurers and other non-banking institutions that get into the kind of financial trouble that can pose grave risks to the entire economy, and …

National Underwriter–February 25, 2009 BY PHIL GUSMAN Workers’ compensation will likely be the principal property-casualty line to benefit most from the economic stimulus package signed into law by President Barack Obama, according to Insurance Information Institute president Robert Hartwig. Mr. …

The Tampa Tribune–February 25, 2009 By RUSSELL RAY State Farm won’t be the last property insurer to pull up stakes in Florida if insurance companies aren’t allowed to charge their customers higher rates, industry experts said Tuesday. During a property …

Miami Today–Week of February 26, 2009 By Zachary S. Fagenson A late 2008 Florida Supreme Court ruling may have businesses reaching deeper into their pockets to cover workers’ compensation insurance. Florida Insurance Commissioner Kevin McCarty announced Feb. 10 that a …

The Ledger–February 24, 2009 By BRIAN SKOLOFFThe Associated Press WEST PALM BEACH | With much of this peninsular state situated at or below sea level, parts of Florida could disappear under water if global warming predictions indicating significant sea level …

On Wednesday February 25, 2009, the Florida Office of Insurance Regulation (“OIR”) held a Proposed Rule Hearing on Rule 69O-175.008, F.A.C. Unfair Discrimination in Private Passenger Motor Vehicle Insurance Rates–Based on History of Accidents, which specifically affects Florida law stating …

  To view a complete story, click on a headline below:   Bernanke Says Federal Regulators Lack Power Over Insurers Federal regulators lack the power to deal appropriately with insurers and other non-banking institutions that get into the kind of …