CFO Sink Appoints Jim Malone as New Citizens Board Chairman

Jul 25, 2008

Above:  Jim Malone was newly-appointed as Citizens Property Insurance Corporation Board of Governors Chairman today by Florida CFO Alex Sink.   The Florida Department of Financial Services released the following information today regarding the appointment of Jim Malone as the new Citizens …

NAIC Reinsurance Task Force Interim Meeting Report and Materials

Jul 25, 2008

The National Association of Insurance Commissioners (“NAIC”) Reinsurance (E) Task Force (“Task Force”) has concluded the first half of its interim meeting regarding the NAIC’s Reinsurance Regulatory Modernization Proposal (“Proposal”).  A Colodny Fass representative attended the open portion of the meeting, at which …

Health Insurance Risk Rates Rule Hearing

Jul 25, 2008

The Florida Department of Financial Services, Office of Insurance Regulation ("OIR") has issued a Notice of Proposed Rule Hearing regarding the following Rules: 69O-149.205: Indemnity Standard Risk Rates 69O-149.206: Preferred Provider/Exclusive Provider Standard Risk Rates 69O-149.207: Health Maintenance Organization Standard …

Risk Rates Rule Hearing

Jul 25, 2008

The Florida Department of Financial Services, Office of Insurance Regulation has issued a Notice of Proposed Rule Hearing regarding the following Rules: 69O-149.205: Indemnity Standard Risk Rates 69O-149.206: Preferred Provider/Exclusive Provider Standard Risk Rates 69O-149.207: Health Maintenance Organization Standard Risk …

NAIC Reinsurance Task Force July 23-25 Meeting Report

Jul 24, 2008

The National Association of Insurance Commissioners (“NAIC”) Reinsurance (E) Task Force (“Task Force”) has concluded the first half of its interim meeting regarding the NAIC’s Reinsurance Regulatory Modernization Proposal (“Proposal”).  A Colodny Fass representative attended the open portion of the meeting, at which …

Insurance Rate Increase Divides Florida Lawmakers

Jul 24, 2008

The Tampa Tribune–July 24, 2008 By RUSSELL RAY TAMPA – After 24 years with State Farm, Brenda Harding is being dropped by the company she’s come to trust like an old friend. "They’ve always been there for me, like the …

Rolling retaliation for State Farm

Jul 24, 2008

St. Petersburg Times–July 23, 2008By Tom Zucco, Times Staff Writer When State Farm denied the sinkhole claim on Dave Bowers’ Port Richey home two years ago, he decided that venting to his friends just wasn’t enough. He had to take …

EDITORIAL: Insurance rate-hike request over the top

Jul 24, 2008

OUR OPINION: STATE REGULATORS MUST CONSIDER ALL RELEVANT FACTORS Miami Herald–July 24, 2008 There is a silver lining in State Farm Florida Insurance Co.’s request to hike windstorm policy rates by as much as 70 percent in some areas: The …