Category: Insurance Regulatory News
Oct 29, 2008
By M.P. MCQUEEN Many owners of variable annuities have endured a double whammy lately: Their investment-account balances have taken a hit, as have the financial-strength ratings on the insurers that issued their annuities. Agents and brokers say they’ve received …
Oct 29, 2008
To view a complete story, click on a headline below: Note: The Property Casualty Insurers Association of America has created a new, weekly feature entitled “Decision 2008,” which is designed to provide news and information about key political races that …
Oct 29, 2008
The Florida Financial Services Commission, Office of Insurance Regulation (“OIR”) , will issue a formal Notice of Proposed Rulemaking regarding the following Rule in the October 31, 2008, edition of the Florida Administrative Weekly: 69O-197.006: Insurance Administrator Annual Report Form …
Oct 29, 2008
The Florida Office of Insurance Regulation (“OIR”) issued a Final Order today, October 29, 2008, approving the National Council on Compensation Insurance’s amended rate filing for workers’ compensation insurance rates that will become effective Jan. 1. However, the rate decrease …
Oct 29, 2008
Today, October 29, 2008, the Florida Office of Insurance Regulation’s (“OIR”) general counsel, Steve Parton, told the Florida Surplus Lines Service Office (“FSLSO”) Board of Governors that the OIR was seriously considering issuing an order to clarify confusion surrounding the …
Oct 28, 2008
St. Petersburg Times–October 28, 2008 By Jennifer Liberto, Times Staff Writer TALLAHASSEE — State Farm Florida began to plead its case Monday, explaining to a judge why it needs to raise property insurance rates by 47.1 percent, an increase regulators …
Oct 28, 2008
Sarasota Herald-Tribune–October 27, 2008 The Associated Press MIAMI – President Bush on Monday declared a major disaster area existed in six Florida counties affected by Hurricane Gustav in late August and early September. With the declaration, federal funding was made …
Oct 28, 2008
CFO’s Press Release–October 28, 2008 TALLAHASSEE— Florida Chief Financial Officer Alex Sink’s investigators recently helped Kikuko West, a Vero Beach senior, recover more than $217,000 in potential losses after she allegedly was tricked into prematurely replacing an existing annuity …
Oct 28, 2008
Insurance Journal–October 28, 2008 Florida Insurance Commissioner Kevin McCarty appointed John McBride as legislative affairs director. McBride will report to Chief of Staff Audrey Brown. McBride comes to the Office of Insurance Regulation from his most recent position as chief …
Oct 28, 2008
Ensures maximum number of Floridians can exercise right to vote Governor’s Press Release–October 28, 2008 TALLAHASSEE – Governor Charlie Crist today signed Executive Order 08-217, extending the hours for early voting during the current General Election. Effective immediately, early voting …