Category: Insurance Regulatory News
Oct 6, 2008
The first meeting of the Citizens Property Insurance Corporation (“Citizens”) Mission Review Task Force (“Task Force”) has been scheduled to take place on Friday, October 10 at the Tampa Airport Marriott and via teleconference. Agenda items include: Sunshine Law Overview …
Oct 6, 2008
The Reserve Primary Fund (“Fund”), a money-market mutual fund, “broke the buck” in mid-September when it fell below $1 a share in net asset value. This was due in large part to its losses on debt issued by Lehman Brothers …
Oct 6, 2008
Insurance-Related Meetings: Month of October, 2008 Week of October 6-10 Monday, October 6 NAIC The National Association of Insurance Commissioners (“NAIC”) held a regulator-to-regulator meeting of the International Solvency and Accounting Working Group on Monday, October 6 at 11:00 a.m. …
Oct 3, 2008
The Florida Workers’ Compensation Insurance Guaranty Association (“FWCIGA”) recently held a Board of Directors (“Board”) meeting to receive updates on legal issues, claims, financial issues, and assessments for 2009. The meeting was called to order by Chairman Tom Stahl, with …
Oct 3, 2008
To view a complete story, click on a headline below: State Farm lowers auto rates 0.3 percent State Farm Mutual Automobile Insurance said Friday it would reduce its auto rates by 0.3 percent on new and renewal policies, effective Oct. …
Oct 2, 2008
Gainesville Sun–October 1, 2008 The Associated Press In the wake of criticism by key lawmakers, the state-backed property and casualty insurer, Citizens, is backing off plans to seek a new, larger office complex that once included a gymnasium, cafeteria and …
Oct 2, 2008
Insurance Journal–October 2, 2008 The Main Street America Group, based in Jacksonville, Fla., completed its acquisition of Great Lakes Casualty Insurance Co., a Michigan-domiciled private passenger auto insurance carrier, from Newco Financial Holdings Inc. All Great Lakes personnel have become …
Oct 2, 2008
Naples Daily News–October 2, 2008 By Staff reports NAPLES — The U.S. Senate passed legislation Monday correcting a federal mapping error that has prevented Naples Cay residents from participating in the Federal Flood Insurance Program. The House passed similar legislation …
Oct 2, 2008
Florida Health News–October 1, 2008 By Christine Giordano Even as MD Medicare Choice was collapsing this week, another Tampa-based Medicare plan that has been under state scrutiny over its finances stopped writing new business. Citrus Health Care, which has 41,000 …
Oct 2, 2008
The Florida Department of Financial Services (“DFS”), Division of Agent and Agency Services has issued a Notice of Proposed Rule Development concerning Rule Chapter 69B-211, Florida Administrative Code, relating to pre-licensing education for insurance representatives. A copy of the Notice …