OIR Cancels Cincinnati Hearing

Oct 16, 2007

The following information was just released by the Florida Office of Insurance Regulation (“OIR”): ———————————————————————– -FROM THE FLORIDA OFFICE OF INSURANCE REGULATION- MEDIA ADVISORY WHAT:     CINCINNATI COMPANIES PUBLIC HEARING CANCELLED WHEN:     Hearing was scheduled to take place Thursday, Oct. 18 …

Regulatory Update: Week of Oct. 15

Oct 16, 2007

Below are notices of upcoming meetings and regulatory hearings.  Representatives of this office will be in attendance at each and provide a report on the procedings. Should you have any questions or comments, please do not hesitate to contact this office. …

Capitol to Courthouse Headliners: Tuesday, Oct. 16

Oct 16, 2007

Click on a headline to read the complete story:   Allstate under state investigation TALLAHASSEE – Florida regulators have included Allstate in the state investigation of whether property insurers conspired to keep home premiums so high.   Allstate Reaps Financial …

Insure Louisiana Incentive Program – Public Hearing on Regulation 82

Oct 16, 2007

The Louisiana Department of Insurance (“Department”) adopted Emergency Rule 82 (“Rule”) in order to create standards, guidelines and procedures pertaining to the participation by property insurers in the Insure Louisiana Incentive Program (“Program”).  The Program was enacted through the passage …

Governor , OIR Announce Allstate Subpoenas; Imply Coincidental Rate Increases Are Collusion

Oct 16, 2007

In a press conference this afternoon, Florida Governor Charlie Crist and Insurance commissioner Kevin McCarty announced a detailed investigation into insurance industry practices via subpoenas issued to Allstate Insurance Company (“Allstate”) and its subsidiaries.   After the Governor voiced disappointement that homeowners insurance rates have not dropped more …

OIR Subpoenas The Allstate Companies

Oct 16, 2007

The following information was just released by the Florida Office of Insurance Regulation (“OIR”): ———————————————————— -NEWS FROM THE FLORIDA OFFICE OF INSURANCE REGULATION- For Immediate Release:            Contact:     Ed Domansky or Tom Zutell                  850/ 413-2515                            FLORIDA OFFICE OF INSURANCE …

Governor Crist and Commissioner McCarty Will Hold Press Conference Today

Oct 16, 2007

The Governor’s Press Office released the following earlier today: ————————————————————- FOR IMMEDIATE RELEASE October 16, 2007 Contact:  Governor’s Press Office  850-488-5394 MEDIA ADVISORY Governor Charlie Crist and Insurance Commissioner Kevin McCarty will make an announcement regarding Florida property insurance, today, …

OIR Cancels Rule Hearing On Insurer Data Reporting

Oct 15, 2007

Although on October 15, 2007 the Office of Insurance Regulation (“OIR”) had scheduled a Rule Hearing in Tallahassee, it was not held because it was not requested.  However, the OIR distributed a packet detailing the proposed rule which revises the process to be used for insurer …

OIR Issues Informational Memo Regarding Senate Bill 2498

Oct 15, 2007

The following information was just released by the Florida Office of Insurance Regulation (“OIR”): ——————————————————————- INFORMATIONAL MEMORANDUM OIR-07-15M ISSUED October 15, 2007 Florida Office of Insurance Regulation Kevin M. McCarty, Commissioner To all Property & Casualty Insurers in the State …