Category: Insurance Regulatory News
Oct 30, 2008
Insurance Journal–October 30, 2008 A.M. Best Co. says based on the credit market contraction and the uncertainty regarding the Florida Hurricane Catastrophe Fund’s ability to fund its claims-paying capacity, it placed several insurers’ ratings under review with negative implications. The …
Oct 30, 2008
To view a complete story, click on a headline below: Citizens’ hurricane mitigation discounts help condo associations Condominium and homeowners associations that have added storm shutters, reinforced doors or roofs and put in impact-resistant glass to make their …
Oct 30, 2008
The Florida Senate has issued the following economic development-related Interim Project Reports and Issue Briefs: Committee on Commerce Review of OTTED’s Oversight of the Innovation Incentive Grant Program This report examines the background and current status of …
Oct 30, 2008
Following is a recap of National Association of Insurance Commissioners (“NAIC”) life and health insurance-related meetings held during the month of October. Medicare Part D Updates The Health Risk-Based Capital Working Group has approved sponsorship of the Medicare Part …
Oct 29, 2008
Florida Office of Insurance Regulation–October 29, 2008 TALLAHASSEE, Fla. – Florida Insurance Commissioner Kevin McCarty Tuesday issued a final order approving the National Council on Compensation Insurance’s (NCCI) amended rate filing for workers’ compensation insurance rates that will become …
Oct 29, 2008
Disbarred lawyer will spend a year in prison for stealing insurance funds CFO Sink–October 29, 2008 PEMBROKE PINES – Florida Chief Financial Officer Alex Sink announced today that a South Florida attorney has been disbarred and has been ordered to …
Oct 29, 2008
South Florida Sun-Sentinel–October 29, 2008 Bob LaMendola Florida’s Medicaid program underpaid nursing homes by $214 million in 2006 and will fall short by a like amount this year as a result of an ongoing, national funding gap, according to a …
Oct 29, 2008
Insurance Journal–October 28, 2008 Tennessee-based Appalachian Underwriters Inc. established a commercial brokerage division and will open a new office in Sarasota, Fla. to house the new operation. AUI will focus on property and casualty risks that are unique, unusual or …
Oct 29, 2008
South Florida Sun-Sentinel–October 28, 2008 By Aaron Deslatte Orlando Sentinel Staff Writer TALLAHASSEE With the presidential election still a week out, nearly one-fifth of Florida’s electorate has already cast ballots. And Florida Democrats are claiming they’ve got an edge over …
Oct 29, 2008
During the Florida Cabinet meeting held on Tuesday, October 28, the Financial Services Commission (“FSC”) approved the following Rules presented by the Florida Office of Insurance Regulation for adoption without significant discussion: Proposed Rule 69O-170.0144: Public Hurricane Loss Projection Model …