Apr 18, 2007
On April 17, 2007, the Office of Insurance Regulation (“OIR”) held a second public hearing on proposed Rule 690-142.015 relating to “Standardized Requirements Applicable to Insurers After Hurricanes or Natural Disasters.” The Rule adopts standardized provisions regarding claims reporting as …
Apr 18, 2007
The Florida State Board of Administration (“SBA”) has released two Notices of Proposed Rules relating to the Florida Hurricane Catastrophe Fund (“Cat Fund”): Notice of Development of Rulemaking Regarding the Reimbursement Premium Formula for the 2007-2008 contract year, a Notice …
Apr 17, 2007
The Surplus Lines Law Group held its Spring 2007 meeting last week in San Francisco. Attached for your review is a copy of the group’s Agenda and other items of interest regarding the meeting and surplus lines issues. Should you …
Apr 17, 2007
The State Board of Administration of Florida has released the Florida Hurricane Catastrophe Fund’s Annual Report for the 2005-2006 fiscal year. Clicking on the hyperlink below will provide a copy of the document for your review. Â http://www.cftnews.com/uploads/CatFund2005-2006AnnualReport.pdf Should you …
Apr 17, 2007
    The Florida Senate Banking and Insurance Committee met on April 16, 2007. Included in the discussion were several bills relating to insurance. The Committee’s discussion and actions upon these bills are described below.     Further, Scott R. Wallace was …
Apr 17, 2007
The Florida Legislature hosted a four-hour presentation on April 16, 2007 regarding catastrophe risk modeling and the process by which these models are accepted by the Florida Commission on Hurricane Loss Projection Methodology (the “Commission”). The Chairman of the meeting, …
Apr 17, 2007
With the Florida’s no-fault insurance laws slated to sunset this October if no new legislation is enacted, the Florida House of Representatives has recently released a draft of a proposed committee substitute that we expect will be taken up in …
Apr 16, 2007
Georgia Insurance Commissioner John Oxendine sent out the following constituent alert today regarding a pending bill related to uninsured motorist coverage in the State of Georgia. Should you have any comments or questions, please do not hesitate to call this …
Apr 16, 2007
The Florida Workers Compensation Joint Underwriting Association (“FWCJUA”) Board of Governors met on April 12, 2007 to hear a legislative update, consider an offer to commute a reinsurance contract, and discuss confirmation of the FWCJUA’s reinsurance intermediary. With respect to …
Apr 13, 2007
The Florida Automobile Joint Underwriting Association (“FAJUA”) Board of Governors met on April 10, 2007 in Miami to discuss legislative issues, auditing and compliance issues, the FAJUA’s financial statements and actuarial opinion, and proposed enhancements to its credit programs and …