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The 2021 Florida Legislature spent several months evaluating property insurance reform proposals. The committee hearing process included testimony from Insurance Commissioner David Altmaier, Citizens Property Insurance Corporation CEO Barry Gilway and many others. Despite these months of analysis, the primary property insurance reform bill (SB 76) was amended several times in the last week of […]
Insurance Regulation News, NAIC, insurance ratemaking, insurance actuaries
Florida Insurance Commissioner David Altmaier takes over as president of the NAIC effective January 2, 2021. Altmaier succeeds outgoing president Ray Farmer of South Carolina. Commissioner Altmaier has served as Florida’s Insurance Commissioner since 2016. He previously held held several positions within the Florida Office of Insurance Regulation including Chief Analyst of the Property and […]
In their recent fall meeting, members of the National Association of Insurance Commissioners (NAIC) elected Florida Insurance Commissioner David Altmaier as the NAIC’s next president. Altmaier succeeds outgoing president Ray Farmer of South Carolina. Commissioner Altmaier has served as Florida’s Insurance Commissioner since 2016. Prior to being named Florida’s commissioner, Altmaier has held several positions […]
Insurance Regulation News, NAIC, unfair trade practices act, rebating
Florida Insurance Commissioner David Altmaier has been named President-Elect of the National Association of Insurance Commissioners (NAIC), effective January 1, 2020. Commissioner Altmaier has been Vice President of the NAIC during 2019. “I am honored to have been chosen as President-Elect of the NAIC. This year, we have made significant progress on many key issues. […]
Florida Insurance Commissioner David Altmaier has been elected as Vice President of the National Association of Insurance Commissioners (NAIC), effective immediately. Commissioner Altmaier will continue to serve as Florida’s Insurance Commissioner. In a press release relating to his election, Commissioner Altmaier said, “It is my distinct honor and privilege to join such a distinguished group of individuals […]
Insurance Regulation News, NAIC, David Altmaier, long term care insurance
The Florida Office of Insurance Regulation has published notice of a public hearing relating to its adoption of the 2015 and 2016 NAIC Financial Condition Examiners Handbooks. Additionally, the Office of Insurance Regulation plans to hold a public hearing relating to its adoption of the current version of the NAIC quarterly and annual statement instructions […]
The Office of Insurance Regulation held a second workshop on a series of proposed changes to rules governing insurance holding company systems, transactions with affiliates, and insurance company acquisitions. The requirements are set forth in administrative rules 69O-143.046, 69O-143.047, and 69O-143.056. Most of the provisions in these rules have been on the books for many […]
