Aug 25, 2008
To view a complete story, click on a headline below: Four Florida Counties Declared Disaster Areas from Fay President Bush declared Sunday that four Florida counties hit hardest by Tropical Storm Fay are major disaster areas, making them eligible for …
Aug 25, 2008
Subsequent to the June 10, 2008 Florida Cabinet meeting at which the Florida State Board of Administration emphasized the impact of re-opened 2005 Hurricane Wilma claims on the Florida Hurricane Catastrophe Fund (“CAT Fund”), the Cabinet requested additional assurance on …
Aug 25, 2008
> The National Association of Insurance Commissioners will hold a Property & Casualty Insurance Committee meeting on August 25 at 3:00 p.m. via teleconference to consider amendments to the Medical Professional Liability Closed Claim Reporting Model Law. Meeting materials include: …
Aug 25, 2008
> The National Association of Insurance Commissioners will hold a Valuation Model ("VM") Principles-Based Reserve Health Subgroup of the Life and Health Actuarial Task Force meeting on August 25 at 2:00 p.m. via teleconference to discuss VM-25. Meeting materials include: …
Aug 22, 2008
On Thursday, August 21, 2008, the Florida Workers Compensation Joint Underwriting Association (“FWCJUA”) held an Audit Committee (“Committee”) meeting to review the FWCJUA Audit Committee Charter Procedures Checklist (“Checklist”) and discuss the financial auditor appointment process. To view a copy …
Aug 22, 2008
The Florida Department of Financial Services, Office of Insurance Regulation (“OIR”) has issued a Notice of Development of Rulemaking regarding the following Rules: 69O-163.0075: Term and Evidence of Insurance 69O-163.009: Determination of Reasonableness of Benefits in Relation to Premium Charge …
Aug 22, 2008
The Florida Department of Financial Services, Office of Insurance Regulation (“OIR”) has issued a Notice of Development of Rulemaking regarding the following Rule: 69O-197.006: Insurance Administrator Annual Report The purpose of this proposed Rule is to adopt a form that …
Aug 22, 2008
Tallahassee Democrat–August 22, 2008 BAREFOOT BAY — On day five of Tropical Storm Fay’s assault on Florida, President George W. Bush declared a federal emergency as the storm continued its slow march across the top of the state. Gov. Charlie …
Aug 22, 2008
Insurance Journal–August 22, 2008 Florida Insurance Commissioner Kevin McCarty issued an advisory to remind Florida consumers and authorized insurers that the hurricane deductible of their homeowner’s policy does not apply at this time — because the National Hurricane Center has …
Aug 22, 2008
South Florida Sun-Sentinel–August 22, 2008 By Julie Patel South Florida Sun-Sentinel Tropical Storm Fay’s winds may have reached 60 mph in parts of South Florida, but the damage it wreaked won’t be covered by homeowners’ windstorm insurance policies. Because the …