Mar 21, 2011
Colodny Fass has prepared a section-by-section analysis of SB 1330 Relating to Residential Property Insurance, and HB 885, the House companion bill. The analysis is attached in PDF format. Should you have any comments or questions, please contact Colodny Fass. …
Mar 21, 2011
The National Association of Insurance Commissioners has advised that the March 27, 2011 Surplus Lines Implementation Task Force (“Task Force”) meeting has been canceled. The meeting was part of the NAIC’s March 26-29 2011 Spring National Meeting agenda. Instead, …
Mar 21, 2011
Florida Education Commissioner Eric Smith advised today, March 21, 2011, that he will resign from the State Department of Education on June 10, 2011. His complete statement is printed below and can be also be accessed by clicking here. …
Mar 21, 2011
Subsequent to its meeting on Thursday, March 18, 2011, the Florida Hurricane Catastrophe Fund published updated versions of its 2011 Ratemaking Formula Report and accompanying presentation. To view all the revised meeting materials, click here. Should you have …
Colodny Fass Insurance-Related Florida Legislative Bill Tracking Summary: Week Ending March 18, 2011
Mar 20, 2011
Colodny Fass presents its weekly bill tracking report for the week ending March 18, 2011. This report, which is attached, is designed to assist in following pending priority state-level insurance issues during the 2011 Florida Legislative Session. It will …
Mar 18, 2011
The following press release was issued by the Florida Office of Insurance Regulation on March 18, 2011: Montpelier Reinsurance Allowed to Operate in Florida with Reduced Collateral Requirements TALLAHASSEE, Fla. – The Florida Office of Insurance Regulation (Office) today announced …
Mar 18, 2011
FPCA Homeowners Division: As discussed on the call this morning, additional sinkhole data is being collected to identify trends in sinkhole claims as a result of pending legislation. This data is expected to demonstrate the signficance of the sinkhole claims …
Mar 18, 2011
Following is a listing of insurance-related Florida legislative and regulatory events for the week of March 21-25, 2011: All times are Eastern Time (“ET”). Additional information is available via hyperlink where noted in bold type. FLORIDA INSURANCE LEGISLATIVE EVENTS …
Mar 18, 2011
FPCA Automobile Division: As discussed on the call this afternoon, the latest drafts of the bad faith bill are attached for your review and comment. One draft is a redline version, and the other is a clean version. Please provide …
Mar 18, 2011
The Louisiana Department of Insurance (“LDI”) has issued a reminder that legislation requiring the filing of Anti-Fraud Plans in Louisiana became effective on January 1, 2011. Every authorized insurer, except an insurer writing only reinsurance, and licensed HMO must …