Jul 2, 2009
By DAVID ROYSE THE NEWS SERVICE OF FLORIDA THE CAPITAL, TALLAHASSEE, July 1, 2009…..Insurance Commissioner Kevin McCarty sent to legislative critics on Wednesday a list of the more than 50 companies that have gotten a license to start selling property …
Jul 2, 2009
The Louisiana Department of Insurance (“LDI”) has issued a proposed Rule notice regarding Regulation 98, which is also known as the “Audited Financial Reports Law.” The purpose of Regulation 98 is to improve insurer financial condition oversight by the LDI …
Jul 2, 2009
The National Association of Insurance Commissioners (“NAIC”) Suitability of Annuity Sales Working Group issued an updated discussion draft on proposed revisions to the Suitability in Annuity Transactions Model Regulation (Model #275). The draft reflects changes to the May 26, 2009 …
Jul 2, 2009
The Florida Office of Insurance Regulation (“OIR”) has issued a Notice of Proposed Rule regarding the following workers’ compensation Rule: 69O-189.003: Workers’ Compensation: Application and Audit Procedures The Florida Financial Services Commission is required by law to issue public notices …
Jul 2, 2009
Eric Lingswiler has been appointed to the position of Director of the Florida Office of Insurance Regulation (“OIR”) Life and Health Product Review, Florida Insurance Commissioner Kevin McCarty announced today, July 2, 2009. Mr. Lingswiler has served as Interim Director …
Jul 2, 2009
The U.S. House Financial Services Oversight and Investigations Subcommittee will hold a field hearing entitled “The Homeowners’ Insurance Crisis: Solutions for Homeowners, Communities and Taxpayers” on Thursday, July 2, at 10:00 a.m. in the City Hall Commission Chambers, City Center, …
OIR Chief Economist Ray Spudeck to Speak July 2nd at U.S. House Committee Hearing in West Palm Beach
Jul 1, 2009
Ray Spudeck, Chief Economist for the Florida Office of Insurance Regulation (“OIR”), will address the U.S. House of Representatives Financial Services Subcommittee on Oversight and Investigations at a special field hearing on Thursday, July 2, 2009, in West Palm Beach. …
Jul 1, 2009
SUNRISE, FL , Focus Holdings, LLC (Focus), an insurance focused holding company, has closed on its acquisition of Capacity Insurance Company (CIC), a Florida domestic insurer, effective July 1, 2009. Focus, better known by the name of its largest operating …
Jul 1, 2009
To view a complete story, click on a headline below: Many of the new property insurance companies in Florida are unregulated New companies coming to Florida may not be available to typical homeowners. The influx of new property insurance companies …
Jul 1, 2009
The Florida Department of Financial Services, Division of Workers’ Compensation issued Wage Loss Discount Factor Tables for all Florida workers’ compensation insurance carriers, self-insured employers and third party administrators in accordance with Florida Statutes Section 440.1(3)(b)8. The tables are to …