Sep 23, 2008
To view a complete story, click on a headline below: State-backed insurer seeks new space in Florida Sen. J.D. Alexander has written the chairman of the state-backed property and casualty insurer, Citizens, wanting answers about a proposed move into office …
Sep 23, 2008
To view a complete story, click on a headline below: State’s Budget Deficit Sharpens Tax Debate Florida’s continuing revenue shortfall – projected to be in the billions of dollars this year and next – is unprecedented. The partisan dispute over …
Sep 23, 2008
On Tuesday, September 23, 2008, the Florida Office of Insurance Regulation (“OIR”) held a public hearing in Tallahassee regarding proposed Rule 69O-170.0144: Public Hurricane Loss Projection Model (“Public Model”) – Fee Schedule. The proposed Rule would implement 2008 legislation providing …
Sep 23, 2008
> Florida Office of Insurance Regulation Rule Development Workshop The Florida Department of Financial Services, Office of Insurance Regulation has issued a Notice of Proposed Rule regarding Rule 69O-170.0144: Public Hurricane Loss Projection Model Fee Schedule. The proposed Rule would …
Sep 22, 2008
On Tuesday, September 22, 2008, the Florida Office of Insurance Regulation (“OIR”) had scheduled a Rule Development Workshop on proposed Rule 69O-197.006 relating to the Insurance Administrator Annual Report Form. The proposed Rule would adopt the annual report forms that insurance administrators …
Sep 22, 2008
Kick off your Southeastern Regulators Association Conference week with the SERA 2008 Golf Tournament! Beginning with an 8 a.m. shotgun start Sunday, October 19, the SERA 2008 Golf Tournament will be held on Disney’s majestic Palm Championship Golf Course (rated four stars by Golf Digest). The …
Sep 22, 2008
Recently, the National Association of Insurance Commissioners (“NAIC”) Casualty Actuarial and Statistical Task Force Statistical Issues Group (“Group”) met to discuss the Guideline for Implementation of Medical Professional Liability Closed Claim Reporting (“Guideline”) and offer recommendations on the ongoing collection …
Sep 22, 2008
The National Association of Insurance Commissioners (“NAIC”) recently held a Catastrophe Modeling Subgroup of the Casualty Actuarial and Statistical Task Force (“Subgroup”) meeting to review progress on the use of catastrophe models in ratemaking assignments. This meeting was held in …
Sep 22, 2008
The following insurance-related administrative actions were posted on Friday, September 19, 2008. Final Life/Health Insurance Rules: 69O-149.003: Rate Filing Procedures 69O-149.005: Reasonableness of Benefits in Relation to Premiums 69O-149.006: Actuarial Memorandum 69O-149.0025: Definitions Final Property/Casualty Insurance Rules: REPEAL: 69P-2.002: Adoption …
Sep 22, 2008
The Centers for Medicare & Medicaid Services has released a report with updated information on Section 111 of the Medicare, Medicaid, and SCHIP Extension Act of 2007 (“SCHIP”). The report, entitled “Transitioning Into Section 111 Reporting” contains information for use …