FSIGA BOARD OF DIRECTORS MEETING RECAP

Aug 17, 2007

On August 14, 2007, the Florida Self-Insurers Guaranty Association’s (“FSIGA”) Board of Directors (“Board”) met in Orlando, Florida.  The Board reviewed FSIGA’s second quarter investment performance and second quarter financial statements.  No Board action was taken on either item. The …

FASB ISSUES INVITATION TO COMMENT

Aug 17, 2007

The Financial Accounting Standards Board (“FASB”) has issued an Invitation to Comment on a proposed project to develop a comprehensive standard on accounting for insurance (including reinsurance) contracts.  The proposed project would be a joint undertaking with the International Accounting …

Two Insurance Companies Withdraw Filings For Rate Increases

Aug 17, 2007

The Florida Office of Insurance Regulation today issued the following news regarding the withdrawl of rate filings by AMEX Assurance Company and IDS Property Casualty Insurance Company. Should you have any questions or comments, please do not hesitate to contact …

NAIC-NCOIL Closed Door Meeting Debate Continues

Aug 17, 2007

In an ongoing debate between the National Conference of Insurance Legislators (“NCOIL”) and the National Association of Insurance Commissioners (“NAIC”) over certain restrictions on closed-door meetings, NCOIL Vice President and Rhode Island State Representative Brian Kennedy recently sent a letter …

Hartford Insurance Group Rate Hearing Recap

Aug 17, 2007

On Thursday, August 16, 2007, this office attended a public hearing for rate filings submitted by the Hartford Insurance Group (“Hartford”).  Hartford requested statewide average rate increases in Florida of 29.5 percent for its homeowners business, a 46.4 percent rate increase …

Taxation and Budget Reform Commission

Aug 17, 2007

MEETING ADVISORY Contact: Kathy Torian850-921-8905 Friday, August 17, 2007 The Taxation and Budget Reform Commission will hold a meeting on Friday, August 17, 2007. 1:00 p.m. – 1:30 p.m.Knott BuildingRoom 412Tallahassee, Florida Meeting Advisory (Adobe Acrobat – 12kb)Meeting Agenda (Adobe …

Taxation and Budget Reform Commission will hold meetings of the Governmental Services Committee, Governmental Procedures and Structure Committee, Finance and Taxation Committee, and Planning and Budgetary Processes Committe

Aug 17, 2007

MEETING ADVISORY Contact: Kathy Torian850-921-8905 Friday, August 17, 2007 The Taxation and Budget Reform Commission will hold meetings of the Governmental Services Committee, Governmental Procedures and Structure Committee, Finance and Taxation Committee, and Planning and Budgetary Processes Committee on Friday, …