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In a session marked as much by what did not pass as what did pass, one of the most significant pieces of legislation that cleared all of the hurdles during 2011 was the Commercial Insurance Rates bill (House Bill 99, Chapter 2011-160, Laws of Florida). The first version of this passed the Legislature and was […]
On September 30, 2011, The Florida Surplus Lines Service Office (FSLSO) sent notice of two changes. The first relates to the EMPA tax (Emergency Management Preparedness Assistance). As of October 1, 2011 this tax gets paid to the Florida Division of Emergency Management as a result of name changes and reorganizations implemented by the Governor. […]
The Florida Office of Insurance Regulation has named several veteran regulators to new positions within the agency. Some of the changes affect oversight of the property and casualty area, where the newly named senior regulators take the place of individuals who left the OIR to pursue other opportunities earlier this year. Richard Koon has been […]
sinkholes, Insurance Regulation News, Office of Insurance Regulation, Citizens Property Insurance Corporation
Insurance Regulation News, workers' compensation, Office of Insurance Regulation
The Banking & Insurance Committee of the Florida Senate has completed its review of a public records exemption for information submitted to the Department of Financial Services or Office of Insurance Regulation in connection with consumer service requests. The exemption applies to information submitted by consumers to the DFS’ Division of Consumer Services and to […]
The state representatives of the Non-Admitted Insurance Multi-State Agreement (NIMA) have elected the group’s first Governing Committee. The Chairman of NIMA will be Insurance Commissioner Mike Chaney from Mississippi, the Vice-Chairman of NIMA will be Director of Insurance Merle Scheiber of South Dakota, and the Secretary of NIMA will be Insurance Commissioner Kevin McCarty of Florida. […]
Governor Rick Scott, Chief Financial Officer, Insurance Regulation News, PIP, Office of Insurance Regulation
Citizens Property Insurance Corporation got the insurance world talking recently when it announced that rates for sinkhole coverage would increase by an average of 400 percent, and by much higher amounts in certain areas. Citizens’ rate increases are capped at 10 percent per policyholder per year, but the 2011 legislature removed sinkhole coverage from the […]
sinkholes, Insurance Regulation News, Office of Insurance Regulation, Kevin McCarty, Citizens Property Insurance Corporation
