Insurance

FPCA News Brief: A.M. Best Restores Ratings of Insurers Tied to Florida Hurricane Fund

Tuesday, December 30, 2008 by Mike Colodny

A.M. Best Co. recently issued a press release announcing the removal of certain Florida insurance companies from its "Under Review" list.  It also affirmed ratings of several other Florida companies following the completion of the 2008 hurricane season.... Read More
Posted at 11:45 AM  |  PERMALINK
Topic: Insurance

Florida Senate Interim Project Report: Insurer Exemption From Motor Vehicle Records Confidentiality Could Sunset in 2009

Tuesday, December 30, 2008 by Mike Colodny

In an Interim Project Report released on December 29, 2008, Florida Senate Committee on Transportation staff recommended the re-enactment of the State's exemption of certain confidential personal records held by the Florida Department of Highway Safety and Motor Vehicles that would otherwise be subject to open government requirements.

Personal information includes, but is not limited to, a driver’s social security number, driver’s license number or identification... Read More

Posted at 11:43 AM  |  PERMALINK
Topic: Insurance

Revision Draft Issued for Insurer Financial Examination Rule

Tuesday, December 30, 2008 by Sandy P. Fay

A Notice of Change has been issued for proposed Rule 690-138.005 (4) "Examination of Insurers" subsequent to public testimony at a Florida Office of Insurance Regulation ("OIR") public hearing on November 12, 2008 and concerns previously raised by the Joint Administrative Procedures Committee ("JAPC").

To view a draft of the amended Rule, click Read More

Posted at 11:25 AM  |  PERMALINK
Topic: Insurance

Florida Office of Insurance Regulation Seeks Disciplinary Action Against Conseco Life Insurance Co.

Monday, December 29, 2008 by Richard J. Fidei

The Florida Office of Regulation ("OIR") issued an Order to Show Cause to Conseco Life Insurance Company ("Conseco") on December 23, 2008, alleging that it misled Florida consumers and withheld vital regulatory information.  To view the order, click here.

Conseco has 21 days from the date o... Read More

Posted at 10:26 AM  |  PERMALINK
Topic: Insurance

FTC Orders Nine Insurers to Submit Information for Study of the Effect of Credit-Based Insurance Scores on Consumers of Homeowners Insurance

Monday, December 29, 2008 by Richard J. Fidei

Pursuant to statutory requirements to study the use and effect of credit-based insurance scores on the availability and affordability of automobile and homeowners insurance, the Federal Trade Commission ("FTC") issued orders to nine major insurers on December 23, 2009 to produce certain information by April 24, 2009.

To view the text of the FTC Orders, click Read More

Posted at 10:24 AM  |  PERMALINK
Topic: Insurance

Insurance Decisions in Massachusetts for Third Quarter 2008

Thursday, December 11, 2008 by Philip M. Howe

This newsletter summarizes the Massachusetts decisions which impact insurance law for the Third Quarter of 2008.... Read More
Posted at 15:12 PM  |  PERMALINK
Topic: Insurance
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