Category: Insurance Regulatory News
May 31, 2017
Florida Workers’ Comp Reimbursement Regulation Headed for Administrative Challenges The Florida Division of Workers’ Compensation’s efforts to extract itself from Contract Disputes between Insurance Companies and Medical Providers have drawn Administrative Challenges, scheduled for Hearings next month. FloridaPolitics.com reports. …
May 30, 2017
Final adopted revisions to Rule 19-8.028, F.A.C., entitled “Reimbursement Premium Formula” relating to the Florida Hurricane Catastrophe Fund are effective today, May 30, 2017. To view the markups, click on the hyperlinks below. Notice of Proposed Rule – …
May 30, 2017
The Florida Office of Insurance Regulation has scheduled a June 6, 2017 proposed Rule hearing on regulations contained in Chapter 690-136, F.A.C. entitled “Application Procedures for Companies Seeking to Do Business in Florida.” A new Rule, 69O-136.005 relating to …
May 30, 2017
Hurricane Warning: Top-Rated Insurers Rarest in Florida, Riskiest States With Hurricane Season two days away, the States with highest storm risk including Florida have the Region’s fewest Insurers that a Palm Beach Gardens-Based Ratings Company considers most financially sound. …
May 26, 2017
Florida Commission Approves RMS North Atlantic Hurricane Models Risk Modeller RMS’s Version 17.0 North Atlantic Hurricane Models were Certified by the Florida Commission on Hurricane Loss Projection Methodology on May 12, 2017, for use in Residential Rate Filings with the …
May 25, 2017
Citizens unveils managed repair network on July 1 Effective July 1, new and renewing Citizens policies will include language providing customers with access to Citizens’ network of approved repair contractors. The Sun-Sentinel’s Ron Hurtibise reports. Tampa Bay is …
May 24, 2017
Florida Insurance Commissioner David Altmaier gave a presentation on Group Capital Calculation as part of the National Association of Insurance Commissioners (“NAIC”) Insurance Summit agenda on Monday, May 22, 2017. Commissioner Altmaier discussed the progress of the NAIC’s Group …
May 24, 2017
Florida adds hurricane reinsurance for “healthy” catastrophe fund The Florida Hurricane Catastrophe Fund will test the reinsurance market for a proposal for this year and report back to the governor and Cabinet. Florida has purchased $1 billion in reinsurance …
May 23, 2017
Hurricane activity in Florida has been somewhat subdued over the past decade; however, the market has not been without its challenges, A.M. Best explained in a press release today, May 23, 2017. A number of threats have emerged, from …
May 23, 2017
The Florida Office of Insurance Regulation (“OIR”) is seeking to revise most Rules under Chapter 69O-136 F.A.C. entitled “Application Procedures for Companies Seeking to Do Business in Florida.” The revisions include the addition of a new Rule–proposed 69O-136.004 F.A.C. …