Oct 27, 2011
The Louisiana Department of Insurance (“LDI”) issued an October 24, 2011 update with revised information on surplus lines producers and Louisiana’s implementation of the Non-Admitted and Reinsurance Reform Act (“NRRA”). The update states: “Effective July 21, 2011, producers should collect …
Oct 27, 2011
On September 28, 2011, the Rhode Island Department of Insurance Superintendant Joseph Torti III issued Insurance Bulletin 2011-6 on Surplus Lines Insurance in Rhode Island and the national regulatory changes that will affect the placement of nonadmitted insurance in Rhode …
Oct 27, 2011
The Florida Division of Workers’ Compensation advised today, October 27, 2011, that it has made enhancements to its Construction Policy Tracking Database (“Database”) that will allow interested parties to track contractors’ Certificates of Election to be Exempt, as well …
Oct 27, 2011
The Florida House of Representatives’ Insurance and Banking Subcommittee will take up several insurance-related bills at its scheduled November 2, 2011 meeting. To view the agenda, click here. Along with the insurance-related bills listed below, Legislators will also consider …
Oct 27, 2011
On October 18, 2011, Rhode Island Department of Business Regulation Superintendent of Insurance Joseph Torti III issued Insurance Bulletin Number 2011-8 on the Mandatory Use of National Insurance Producer Registry (“NIPR”) for Company Adjusters. The Insurance Division is committed to …
Oct 27, 2011
The Washington State Office of the Insurance Commissioner has repealed e following chapter of the Washington Administrative Code: W.A.C. 284-48-010 entitled “License status of creditors under credit group policies–Commissions.” The purpose of this rulemaking is to repeal W.A.C. 284-48-010 …
Oct 27, 2011
The following article was published in Hernando Today on October 27, 2011: Citizens rates to rise $150 to $300 in Hernando By Michael Bates The financial blow for Hernando County residents who have Citizens Insurance sinkhole coverage will not be …
Oct 27, 2011
The following article was published on the Charlotte Sun on October 27, 2011: Desoto Insurance, Rupert Smith Merge Two of Arcadia’s oldest businesses are joining forces. Colleen Donaldson and Terri Frazer of Rupert Smith Insurance Agency, founded in 1910, and …
Oct 27, 2011
The following article was published in The Bond Buyer on October 27, 2011: Florida’s Cat Fund in a Pickle By Shelly Sigo The Florida Hurricane Catastrophe Fund is “dangerously overexposed” and should be downsized because unpredictable market conditions could prevent …
Oct 27, 2011
The Florida Surplus Lines Service Office (“FSLSO”) Compensation Committee (“Committee”) met yesterday, October 26, 2011. Chairman Dan O’Leary, who called the meeting to order, stated that he requested it because discussions during the FSLSO’s Budget Committee meeting had been …