AIG will pay $300M to settle life-insurance probe
Life Insurance, Insurance Regulation News, Office of Insurance Regulation, Kevin McCarty
News & Updates
Life Insurance
Nationwide reaches agreement with Florida over life insurance payments
Kevin McCarty, Nationwide, Life Insurance, radey thomas yon & clark, Insurance Regulation News, Office of Insurance Regulation
An Early Look at the 2013 Legislative Agenda
The campaign commercials on TV are a constant reminder that the fall election cycle is rapidly approaching. The presidential election commands most of the attention, but state legislative races have the most immediate bearing on insurance legislation in this state. As soon as the winners emerge from this fall’s elections, the legislature will hold and […]
Insurance “Train” Bill Becomes Law
Governor Rick Scott has signed HB 1101 into law, and it has become Chapter Law 2012-151. This is the insurance “train” bill that picked up a wide variety of insurance-related measures as it progressed through the 2012 regular legislative sesion. The new law is varied in its impact on the Florida Insurance Code. It contains […]
Regulators Help Finalize $500 Million Multistate Settlement with MetLife Insurance
Bill Would Adopt Interstate Insurance Product Regulation Compact
Senate bill 1386 proposed for the 2012 legislative session would adopt the Interstate Insurance Product Regulation Compact in Florida and improve the efficiency of bringing certain products to market in this state. The bill recognizes that the marketplace for lif insurance, annuities, disability income insurance and long-term care insurance have changed over the years warranting […]
Insurer to revise practices
Kevin McCarty, Office of Insurance Regulation, Life Insurance, Insurance Regulation News
OIR Holds Life Insurance Hearing Today
The Florida Office of Insurance Regulation holds a public hearing today beginning at 9:30 to discuss life insurance claims settlement practices. The OIR delivered investigative subpoenas to MetLife and Nationwide Life. The OIR has indicated it also is looking into other insurers’ claims practices. Florida is part of a national task force reviewing these issues. […]
OIR to Review Life & Annuity Claims Practices
The Florida Office of Insurance Regulation has announced a public hearing at which it will investigate claims settlement practices in the life and annuity industry. The OIR has directed that representatives of two insurers appear in Tallahassee on May 19 to address its concerns, and OIR advises that it continues to examine other insurers. According […]