News & Updates

Kevin McCarty

OIR Scrutinizing Lender-Placed Insurance

OIR Scrutinizing Lender-Placed Insurance

The Florida Office of Insurance Regulation and Insurance Commissioner Kevin McCarty continue to take a close look at lender-placed or force-placed insurance.  In its most recent action, the OIR announced on Friday that it intends to disapprove a recent rate filing submitted by Praetorian Insurance Company (Praetorian). Praetorian submitted a rate filing proposing a modest statewide decrease […]

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OIR Conference Emphasizes Business Development

OIR Conference Emphasizes Business Development

The Florida Office of Insurance Regulation hosted its business development conference last week in Tallahassee.  The event marked the first time in four years that the OIR has hosted the conference.  Although styled as a filing conference in the past, the title of this year’s conference was expanded to include business development as the OIR […]

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NIMA Adopts “Kentucky Proposal”

NIMA Adopts “Kentucky Proposal”

NIMA announced in recent days that it has adopted a premium allocation method for distributing surplus lines premium taxes on casualty insurance.  A NIMA release indicates that the newly adopted method will streamline the allocation and distribution of surplus lines premium taxes for surplus lines brokers and member states.  NIMA believes it remains on track to launch its Surplus Lines […]

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