http://www.floir.com/PressReleases/index.aspx Press Releases issued by Office of Insurance Regulation en-us http://www.floir.com/_borders/top.ht1.jpg http://www.floir.com/PressReleases/index.aspx Thu, 23 May 2013 19:38:08 GMT 60 The Florida Office of Insurance Regulation (Office) is conducting a public hearing to review the proposed rate filing for American Security Insurance Company’s property collateral protection program, also known as “lender-placed” or “force-placed” insurance. American Security is an admitted Florida insurer and has the largest market share of lender-placed policies with more than 142,000 representing a total premium of $508 million. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=2006 Commercial LinesHomeowners'Thu, 09 May 2013 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=2006 TALLAHASSEE, Fla. – The Florida Office of Insurance Regulation (Office) today announced it has issued an Order seeking to suspend AGIC, Inc. AGIC, Inc. has 21 days to file a petition requesting a proceeding to contest this action. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=2005 Thu, 25 Apr 2013 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=2005 The Florida Office of Insurance Regulation (Office) today announced the launch of a new and improved “I-File Forms and Rates Filing Search” System. This system gives the general public access to thousands of filings collected from Florida’s licensed Life & Health and Property & Casualty insurers. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=2004 Thu, 25 Apr 2013 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=2004 Florida Insurance Commissioner Kevin McCarty is encouraging Floridians to make preparations now for the upcoming 2013 hurricane season by purchasing flood insurance. Flood insurance is administered through the National Flood Insurance Program (NFIP) and is available to homeowners, renters and business owners who live in a community participating in the NFIP. Consumers should be aware that significant rate increases will take effect for new and renewal NFIP policies starting on October 1, 2013. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=2002 Mon, 15 Apr 2013 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=2002 Florida Insurance Commissioner Kevin McCarty today submitted the “2013 Report on Life Insurance Limitations Based on Foreign Travel Experiences” to the Florida Legislature. The report details implementation of the “Freedom to Travel Act,” which was passed in 2006 and codified into law at Section 626.9541(1)(dd), Florida Statutes. The legislation placed limitations on insurance companies’ ability to deny coverage or increase premiums for life insurance based on past or future foreign lawful travel. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=2001 AnnuitiesLifeThu, 28 Feb 2013 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=2001 The Office of Insurance Regulation today approved the resubmitted rate filing by Praetorian Insurance Company (Praetorian) for its property collateral protection program, also known as “lender-placed” or “force-placed insurance”. This form of insurance is imposed by lenders on individuals who fail to secure homeowners insurance for their property as required by the mortgage or other lending document. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=2000 Homeowners'Mon, 11 Feb 2013 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=2000 Florida Insurance Commissioner Kevin McCarty presented a proposal today entitled “Principle-Based Reforms for Florida’s Property Insurance Market” to the Senate Banking and Insurance Committee. Based on guidance from Committee Chair Senator Simmons and other committee members during last December’s meeting, Commissioner McCarty was asked to outline a plan for strengthening the property insurance market in Florida. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1999 Homeowners'Wed, 16 Jan 2013 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1999 Florida Insurance Commissioner Kevin McCarty has issued cease and desist orders to three entities for engaging in the unauthorized and unlicensed sale of insurance in the state of Florida. The three entities include: http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1998 Tue, 15 Jan 2013 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1998 The Florida Office of Insurance Regulation (Office) today announced the 2012 Fast Facts report is now available on the Office’s website, and is located under the “Industry Data” and “Newsroom” tabs. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1997 Mon, 07 Jan 2013 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1997 The Florida Office of Insurance Regulation (Office) has released the 2012 Workers’ Compensation Annual Report to the Florida Legislature. The report highlights information about the state of Florida’s workers' compensation insurance market. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1996 Workers CompensationWed, 02 Jan 2013 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1996 The Florida Health Insurance Advisory Board (FHIAB) met via conference call on Friday, December 14th to discuss passage of the Board’s annual report and the appointment of a permanent Executive Director. The meeting was chaired by Florida Insurance Commissioner, Kevin McCarty, and was open to the general public. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1995 Accident and HealthWed, 19 Dec 2012 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1995 The Florida Health Insurance Advisory Board will meet via teleconference to review and approve the 2012 Market Report and to approve the Audit Committee’s recommendation regarding the Executive Director appointment. Insurance Commissioner Kevin McCarty is the FHIAB chairman. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1994 Accident and HealthThu, 13 Dec 2012 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1994 Florida Insurance Commissioner Kevin McCarty today announced the recent approval of BUPA as the second international insurance group to utilize legislation designed to enhance the attractiveness of Florida’s business climate. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1993 Mon, 03 Dec 2012 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1993 The Florida Office of Insurance Regulation (Office) today announced the approval of up to 65,990 more policies to be removed from Citizens Property Insurance Corporation (Citizens) by five Florida domestic insurance companies starting on January 8, 2013. This is in addition to the up to 310,000 policies approved for removal in November and December 2012. As of October 2012, a total of 87,337 policies have been removed from Citizens through the take-out process. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1992 Homeowners'Thu, 29 Nov 2012 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1992 Florida Insurance Commissioner Kevin McCarty, on behalf of the National Association of Insurance Commissioners (NAIC), will testify before the U.S. House of Representatives Subcommittees on Financial Institutions and Consumer Credit and Insurance, Housing, and Community Opportunity Committee on Financial Services regarding “Examining the Impact of the Proposed Rules to Implement Basel III Capital Standards.” The Subcommittees will examine the issues concerning the implementation of the Basel III regulatory standard. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1991 Wed, 28 Nov 2012 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1991 Florida Insurance Commissioner Kevin McCarty today announced the Florida Office of Insurance Regulation has approved several title insurers’ requests to offer an alternative title insurance product for loan modifications at a reduced cost to lenders. The new product is called a Mortgage Priority Guarantee policy and is used when lenders amend an existing mortgage loan agreement in order to help a struggling homeowner remain in their home and prevent a foreclosure of the property. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1990 TitleMon, 19 Nov 2012 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1990 The Florida Office of Insurance Regulation (Office) today announced the creation of a new resource for consumers to provide input on pending life and health insurance form and rate filings. This new feature will allow interested parties to express feedback regarding proposed changes to filings received by the Office from life and health insurance companies. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1989 Accident and HealthLifeFri, 16 Nov 2012 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1989 The Florida Office of Insurance Regulation (Office) today announced the addition of two new online video tutorials for consumers to utilize as an educational resource for navigating the CHOICES Auto and Homeowners Rate Comparison System. CHOICES is an interactive program designed to give Florida residents the ability to compare automobile and/or homeowners insurance rates using sample risk scenarios created for each. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1988 AutomobileHomeowners'Wed, 07 Nov 2012 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1988 The Office has officially approved the rate increase of 6.1% for workers' compensation rates in Florida after the National Council on Compensation Insurance (NCCI) resubmitted their rate filing to correct technical issues per a press release issued on October 26, 2012. The Final Order was signed on Friday, November 2, 2012 and the rates become effective January 1, 2013. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1987 Workers CompensationMon, 05 Nov 2012 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1987 The Florida Office of Insurance Regulation (Office) will conduct a public hearing to discuss the acquisition of Coventry Health Plan of Florida, Inc., Coventry Summit Health Plan, Inc., Coventry Health Care of Florida, Inc., and MHNET of Florida, Inc. by Jaguar Merger Subsidiary, Inc., a wholly owned subsidiary of Aetna, Inc. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1986 Accident and HealthThu, 01 Nov 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1986 I would like to offer my thoughts and prayers to those impacted by Hurricane Sandy. I have been in contact with several of the insurance commissioners in the affected states, and have offered any assistance that we can provide based on our state’s expertise in handling catastrophic events. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1985 AutomobileCommercial LinesHomeowners'Tue, 30 Oct 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1985 TALLAHASSEE, Fla. – Florida Insurance Commissioner Kevin McCarty today announced the Office’s intention to approve a 6.1 percent rate increase to become effective January 1, 2013 for workers’ compensation insurance rates in Florida. The decision was based on evidence submitted by the National Council on Compensation Insurance (NCCI) in their rate filing, and during testimony offered by NCCI in the October 4th rate hearing. Although the order finalized today is officially a denial of the rate filing due to technical issues, the Office has expressed its intention to approve the 6.1 percent rate increase once the filing has been resubmitted. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1984 Workers CompensationFri, 26 Oct 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1984 Florida Insurance Commissioner Kevin McCarty announced today that an $11 million settlement has been reached with 10 companies collectively referred to as AIG. The agreement is the fifth agreement that Florida has settled that requires large national insurers to appropriately use the U.S. Social Security Death Master File (DMF) to locate life and annuity beneficiaries, and promptly remit payment to the unclaimed property division of each state for beneficiaries that cannot be located. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1976 AnnuitiesLifeMon, 22 Oct 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1976 The Florida Office of Insurance Regulation (Office) issued an Order yesterday establishing commercial lines account and coastal rates for Citizens Property Insurance Corporation (Citizens). The effective dates for new and renewal rates on all commercial lines account policies are January 1, 2013 and February 1, 2013 for all coastal account policies. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1975 Homeowners'Fri, 19 Oct 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1975 The Florida Office of Insurance Regulation (Office) today announced the approval of up to 100,00 policies to be removed from Citizens Property Insurance Corporation (Citizens) by two Florida domestic insurance companies starting on December 4, 2012. American Integrity Insurance Company of Florida was approved to take-out 50,000 policies in November and is approved for an additional 40,000 in December. Heritage Property & Casualty Insurance Company, recently licensed in August 2012 and with a home office in St. Petersburg, FL, has been approved to remove 60,000 policies. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1974 Homeowners'CitizensThu, 18 Oct 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1974 The Florida Office of Insurance Regulation (Office) today acknowledged a study released this week from the Oregon Department of Consumer & Business Services (DCBS) showing Florida had jumped 11 spots from the 40th to 29th most expensive state for workers’ compensation insurance. The study compared each state’s rates to the national median rate of $1.88 per $100 of payroll – Florida’s rate of $1.82 is below the median. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1973 Workers CompensationFri, 12 Oct 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1973 Florida Insurance Commissioner Kevin McCarty announced today that agreements have been reached between five Nationwide companies, and the Florida Department of Financial Services (DFS) -- Chief Financial Officer Jeff Atwater, the Florida Office of the Attorney General (AG) -- Attorney General Pam Bondi, and the Florida Office of Insurance Regulation (Office) along with six other lead states. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1972 LifeThu, 11 Oct 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1972 The Florida Office of Insurance Regulation (Office) today is providing an update on company filings that include proposed rate indications and selections pursuant to HB 119. The bill, passed during the 2012 Legislative Session, addressed fraud by making changes to the law affecting the mandatory Personal Injury Protection (PIP) portion of auto insurance. These filings were due to the Office by October 1, 2012 and required to reflect at least a 10 percent reduction in rates due to the savings from the bill, or provide a detailed explanation as to why the company’s savings should vary. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1970 AutomobileTue, 09 Oct 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1970 The Florida Office of Insurance Regulation (Office) today issued an Order establishing mobile home rates for Citizens Property Insurance Corporation (Citizens). The effective dates for new rates on both the mobile home multi-peril and physical damage (dwelling fire) policies are January 1, 2013 for new and renewal personal lines account policies, and February 1, 2013 for new and renewal coastal account policies. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1969 Homeowners'CitizensMon, 08 Oct 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1969 Florida Insurance Commissioner Kevin McCarty today announced that Rebecca Matthews will direct the Office's Government Affiars initiatives effective immediately, which includes both Legislative and Cabinet Affairs. Ms. Matthews currently serves as the Deputy Chief of Staff; her new Government Affairs role is an expansion of her current duties. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1968 OfficeFri, 05 Oct 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1968 The Florida Office of Insurance Regulation (Office) issued an Order establishing homeowners’ and dwelling fire rates yesterday for Citizens Property Insurance Corporation (Citizens). The effective dates for the new rates on both the homeowners’ and dwelling fire policies are January 1, 2013 for new and renewal multi-peril business, and February 1, 2013 for new and renewal wind-only business. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1966 Homeowners'CitizensTue, 02 Oct 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1966 The Office today announced that it has received over 100 filings by auto insurers operating in Florida as required by HB 119, and expect more to be received by the end of today. During the 2012 Legislative Session, the Florida Legislature passed HB 119, Motor Vehicle Personal Injury Protection (PIP) Insurance, aimed at reducing fraud and litigation costs for PIP coverage by revising the medical fee schedule, and limiting the healthcare professionals that may treat injured motorists and passengers eligible to make PIP claims. The bill also limits the amount of PIP benefits that can be paid for non-emergency treatment. The filings required today are intended to reflect that savings. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1965 AutomobileMon, 01 Oct 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1965 The Florida Office of Insurance Regulation (Office) today announced the approval of an additional 60,000 policies to be removed from Citizens Property Insurance Corporation (Citizens). This will add to the 84,339 already taken out during this calendar year, as well as the 150,000 policies recently approved to be acquired by four Florida domestic insurance companies beginning November 6, 2012. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1964 Homeowners'CitizensMon, 24 Sep 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1964 The Florida Office of Insurance Regulation (Office) will conduct a public hearing to discuss the Citizens Property Insurance Corporation (Citizens) proposed rate increases for its business in the Coastal Account, formally known as the High Risk Account (HRA), the Personal Lines Account (PLA). These accounts include, but are not limited to, homeowners’, mobile home, and dwelling/fire lines of business. Additional filings on behalf of Citizens for its Commercial Lines Account and for commercial lines of business within its Coastal Account will be forthcoming. Evidence regarding such filings may be received at the hearing. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1963 Homeowners'CitizensWed, 19 Sep 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1963 The Office is encouraging consumers with Smartphone technology to take advantage of two new mobile applications created by the National Association of Insurance Commissioners (NAIC). The first app was designed to help consumers prepare a home inventory checklist to track their possessions to assist in filing a claim following damage to their home. The second app was designed to help consumers know what to do if they are involved in an auto accident and how to prevent identify theft when information is exchanged with other parties. Both applications are free of charge and available for iPhone® and Android® Smartphone users. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1962 AutomobileHomeowners'NAICThu, 13 Sep 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1962 Florida Insurance Commissioner Kevin McCarty today announced the Office has approved the removal of 150,000 policies from Citizens Property Insurance Corporation (Citizens) by four private sector companies beginning November 6, 2012. The November take-out total will add to the 84,339 already taken out during this calendar year. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1961 Homeowners'CitizensThu, 06 Sep 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1961 The Florida Office of Insurance Regulation (Office) will conduct a public hearing to discuss Citizens’ proposed rate increases for its business in the Coastal Account, formerly known as the High Risk Account (HRA), and the Personal Lines Account (PLA). These accounts include, but are not limited to, homeowners’, mobile home, and dwelling/fire lines of business. Additional filings on behalf of Citizens for its Commercial Lines Account and for commercial lines of business within its Coastal Account will be forthcoming. Evidence regarding such filings may be received at the hearing. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1960 Homeowners'CitizensWed, 05 Sep 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1960 The Office of Insurance Regulation (Office) today announced a multi-state settlement agreement between Allianz Life Insurance Company, and 44 jurisdictions involving the sale of fixed annuity products from 2001 to 2008. The lead states in the examination included Florida, Iowa, Minnesota, and Missouri. The settlement agreement included corrective action to be taken by the company, a remediation plan, and a $10 million penalty to be paid to the participating states – Florida expects to receive in excess of $1 million of this payment. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1959 AnnuitiesLifeTue, 04 Sep 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1959 Today marks the anniversary of Hurricane Andrew, a tropical hurricane that reached landfall in Florida on August 24, 1992 and caused unprecedented economic damage in the Bahamas, Louisiana, and most notably, Florida. Total damage in the United States was estimated to be in excess of $20 billion, making Andrew the most expensive natural disaster in U.S. history at that time. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1958 Homeowners'Hurricane AndrewFri, 24 Aug 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1958 The Office of Insurance Regulation (Office) today announced it has received the National Council on Compensation Insurance (NCCI) annual rate filing for workers’ compensation insurance rates in Florida. The proposed rate change is an increase of 6.1 percent to become effective on January 1, 2013; however, it reflects a cumulative decrease of 56 percent in overall rates since the comprehensive legislative reforms passed in 2003. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1957 Workers CompensationThu, 23 Aug 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1957 The Florida Office of Insurance Regulation today released an actuarial report written by Pinnacle Actuarial Resources, Inc. (Pinnacle) that calculates indicated savings to be realized by insurers writing Personal Injury Protection (PIP) auto insurance in Florida. The indicated savings is based on a market analysis of HB 119 – Motor Vehicle Personal Injury Protection Insurance, passed during the 2012 legislative session. The majority of the provisions of HB 119 take effect January 1, 2013. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1956 AutomobileTue, 21 Aug 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1956 The Florida Office of Insurance Regulation (Office) today announced the expansion of its interactive program designed to encourage Florida residents to shop for the best insurance rates in the State of Florida. CHOICES, a program that previously only served the homeowners’ insurance market, has now been expanded to include the auto insurance market. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1955 AutomobileHomeowners'Thu, 16 Aug 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1955 Florida Insurance Commissioner Kevin McCarty today announced the Office of Insurance Regulation (Office) has issued a Notice of Intent to Disapprove the May 4, 2012 rate filing submitted by Praetorian Insurance Company (Praetorian). http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1954 Homeowners'Fri, 10 Aug 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1954 The Florida Office of Insurance Regulation (Office) signed a consent order that allows the twentieth reinsurer, VALIDUS REINSURANCE, LTD., to post reduced collateral and operate in Florida as an eligible reinsurer. This consent order makes VALIDUS REINSURANCE, LTD. the eighteenth Bermuda reinsurer to operate in Florida with similar terms. Bermuda reinsurers provide more than 60% of the private market reinsurance to Florida’s domestic insurers. The other two eligible reinsurers are from Germany and the United Kingdom. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1953 ReinsuranceFri, 10 Aug 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1953 A public rate hearing will be held to discuss the Castle Key Insurance Company and Castle Key Indemnity Company's proposed rate increases for its homeowners' line of insurance. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1946 Homeowners'Mon, 06 Aug 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1946 A public rate hearing will be held to discuss the Universal Insurance Company of North America's proposed rate increase for its homeowners' line of insurance. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1933 Homeowners'Wed, 01 Aug 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1933 A public rate hearing will be held to discuss the State Farm Florida Insurance Company's proposed rate increase for its rental dwelling line of insurance. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1932 Homeowners'Rental DwellingTue, 24 Jul 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1932 The Office of Insurance Regulation will hold a joint public meeting with the Florida Health Insurance Advisory Board to provide educational updates on state/federal health care issues. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1931 Accident and HealthTue, 17 Jul 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1931 The Florida Office of Insurance Regulation (Office) is conducting a public hearing to review the proposed rate filing for Praetorian Insurance Company’s (Praetorian) property collateral protection program, also known as “lender-placed” or “force-placed” insurance. This form of insurance is imposed by lenders on individuals who fail to secure homeowners’ insurance for their property as required by the mortgage or other lending document. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1930 Homeowners'Mon, 02 Jul 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1930 Statement from Florida Insurance Commissioner Kevin McCarty on the U. S. Supreme Court Decision Our Office has previously expressed concerns about several provisions of the Affordable Care Act and the potential for detrimental impacts on the availability and affordability of health insurance. Today, the United States Supreme Court's ruling affirmed the substance of the Affordable Care Act. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1929 Accident and HealthThu, 28 Jun 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1929 Florida Insurance Commissioner Kevin McCarty issued an Order to American Fidelity Services, LLC (AFS) to cease and desist engaging in the unauthorized and unlicensed business of a home warranty association in the state of Florida. AFS is a limited liability company registered in the state of Maryland. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1928 Homeowners'Wed, 27 Jun 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1928 Florida Insurance Commissioner Kevin McCarty today announced that a settlement agreement between the American International Group, Inc. (AIG) and its affiliates with all 50 states and the District of Columbia has become fully effective. The settlement is a result of AIG misreporting $2.12 billion of workers’ compensation premium as other lines of insurance. As part of the settlement agreement, AIG agreed to pay a national penalty of $100 million, and $46.5 million in additional premium taxes and assessments. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1926 Workers CompensationMon, 04 Jun 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1926 The Florida Office of Insurance Regulation (Office) signed a Consent Order that allows the nineteenth reinsurer, Endurance Specialty Insurance, Ltd. ("Endurance"), to post reduced collateral and operate in Florida as an eligible reinsurer. This Consent Order makes Endurance the seventeenth Bermuda reinsurer to operate in Florida with similar terms. The other two eligible reinsurers were from Germany and the United Kingdom. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1925 ReinsuranceFri, 01 Jun 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1925 A public rate hearing will be held to discuss the Cypress Property & Casualty Insurance Company’s proposed rate increase for its homeowners’ line of insurance. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1924 Homeowners'Wed, 30 May 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1924 Florida Insurance Commissioner Kevin McCarty issued an Order to iWorld Financial Group (iWorld) and United Defend Company a/k/a United Defendco (UDC) for these entities to cease and desist engaging in the unauthorized and unlicensed sale of insurance in the state of Florida. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1923 Wed, 16 May 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1923 Commissioner McCarty will speak to the Subcommittee on Insurance, Housing and Community Opportunity about international insurance issues. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1922 Homeowners'Wed, 16 May 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1922 A public rate hearing will be held to discuss the Sunshine State Insurance Company’s proposed rate increase for its homeowners’ and dwelling fire lines of insurance. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1921 Homeowners'Wed, 16 May 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1921 The passage of HB 119, signed by Gov. Scott today, was due to a collaborative effort involving businesses, consumers, law enforcement and public officials who together identified that PIP fraud was directly contributing to auto insurance rate increases. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1920 AutomobileFri, 04 May 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1920 A public rate hearing will be held to discuss the Olympus Insurance Company’s proposed rate increase for its dwelling fire line of insurance. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1919 Homeowners'Fri, 04 May 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1919 TALLAHASSEE, Fla. – The Office of Insurance Regulation (Office) today announced that Florida now has better opportunities to attract U.S. domiciled captive insurers thanks to Governor Scott’s recent signing of House Bill 1101. Under current law, the Legislature had already created provisions authorizing the creation of U.S. domiciled captive insurers by establishing operational criteria and standards. House Bill 1101 augments these provisions by further specifying criteria for the formation, incorporation, coverage, capital and surplus, reporting, licensure and reinsurance of captive insurers. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1918 Wed, 25 Apr 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1918 TALLAHASSEE, Fla. – Florida Insurance Commissioner Kevin McCarty announced today that a $40 million settlement has been reached between nine Metropolitan Life (MetLife) insurance companies and the Florida Department of Financial Services (DFS), overseen by Chief Financial Officer Jeff Atwater, the Florida Office of the Attorney General (AG), overseen by Attorney General Pam Bondi, and the Florida Office of Insurance Regulation (Office) along with the lead states in the investigation. The agreement pertains to the location of life and annuity beneficiaries and the reporting of unclaimed property. A copy of the agreement and related orders is available here: National Regulatory Settlement Agreement; Florida Multi-Agency Agreement. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1937 LifeMon, 23 Apr 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1937 Florida Insurance Commissioner Kevin McCarty yesterday issued an order to Safe Harbor Christian Foundation (Safe Harbor) to cease and desist writing any new donor annuity business in Florida. Safe Harbor was registered as a donor annuity in Florida in 2007, and has home offices in Newark, Ohio. Safe Harbor reported a total of three annuities in force in Florida totaling $100,000. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1916 AnnuitiesThu, 05 Apr 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1916 Florida Insurance Commissioner Kevin McCarty issued an order to United States Contractors Trust (USCT) and Access Health Now (ACCESS) to cease and desist engaging in the unauthorized and unlicensed sale of insurance in the State of Florida. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1914 Accident and HealthThu, 22 Mar 2012 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1914 A public rate hearing will be held to discuss the State Farm Florida Insurance Company’s proposed rate increase for its mobile home line of insurance. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1913 Homeowners'Tue, 06 Mar 2012 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1913 The Florida Office of Insurance Regulation today issued preliminary financial data involving the personal injury protection (PIP) market that directly pertains to bills being debated by the Florida Legislature. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1912 AutomobileFri, 02 Mar 2012 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1912 The Office of Insurance Regulation (Office) today announced that Kentucky has become the 20th regulatory jurisdiction to sign the multi-agency, multi-state life claims settlement agreement with Prudential Insurance Company of America and its affiliates (Prudential). CFO Jeff Atwater of the Department of Financial Services (DFS), Attorney General Pam Bondi of the Office of the Attorney General, and the Office of Insurance Regulation jointly conducted the investigation on behalf of Florida. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1910 AnnuitiesLifeWed, 15 Feb 2012 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1910 The Florida Office of Insurance Regulation (Office) along with the Department of Financial Services (DFS) and the Office of the Attorney General (AG) today announced a multi-million dollar settlement agreement with Prudential Insurance Company of America and its affiliates (Prudential). By entering this agreement, Prudential is taking a leadership role in the industry to invest resources into efforts to locate beneficiaries of life insurance policies after the insured has died, but a claim has not been received. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1909 AnnuitiesLifeThu, 02 Feb 2012 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1909 Florida’s leaders showed vision by enacting the first-in-the-nation Motor Vehicle No-Fault Laws that became effective in 1972. Commonly referred to as Personal Injury Protection (PIP), the goal was to help accident victims by reducing legal delays, streamlining the payment process, and providing an automatic “pot of money” for injured drivers to take care of immediate injuries through visits to doctors and hospitals. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1908 AutomobileFri, 27 Jan 2012 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1908 A public rate hearing will be held to discuss the Southern Oak Insurance Company’s proposed rate increase for its dwelling fire line of insurance. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1907 Homeowners'Thu, 12 Jan 2012 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1907 The Florida Office of Insurance Regulation (Office) released to the Florida Legislature its 2011 Workers' Compensation Annual Report on the state of the workers' compensation insurance market in Florida. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1906 Workers CompensationWed, 04 Jan 2012 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1906 Yesterday, the Florida Health Insurance Advisory Board (FHIAB) met via teleconference to conduct its business, which included the passage of the Board’s annual report, and the appointment of a new acting executive director. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1905 Accident and HealthWed, 21 Dec 2011 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1905 The Florida Health Insurance Advisory Board will meet via teleconference to review and approve the 2011 Market Report. Insurance Commissioner Kevin McCarty is the FHIAB chairman. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1904 Accident and HealthMon, 19 Dec 2011 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1904 The Florida Office of Insurance Regulation (Office) signed a Consent Order that allows the eighteenth reinsurer, Platinum Underwriters Bermuda, Ltd. ("Platinum"), to post reduced collateral and operate in Florida as an eligible reinsurer. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1903 ReinsuranceWed, 14 Dec 2011 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1903 Today Susan Voss (Iowa Commissioner) the outgoing President of the National Association of Insurance Commissioners (NAIC) announced that Commissioner Kevin McCarty will officially ascend to the NAIC presidency effective January 1, 2012. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1902 Fri, 04 Nov 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1902 Florida Insurance Commissioner Kevin McCarty and Georgia Insurance Commissioner Ralph Hudgens jointly announced they have renewed a partnership agreement between their respective states. The agreement will ensure continuity of operations of mission critical functions in the event of a catastrophe that causes significant disruption to either state’s operations. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1901 Homeowners'Tue, 01 Nov 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1901 Florida Insurance Commissioner Kevin McCarty today announced that he has advised the National Council on Compensation Insurance (NCCI) that he would approve their initial rate increase request of 8.9% to become effective January 1, 2012 for workers’ compensation insurance rates in Florida based on evidence submitted in NCCI's rate filing, and during the October 11th rate hearing. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1900 Workers CompensationMon, 24 Oct 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1900 Florida Insurance Commissioner Kevin McCarty today announced the approval of the first international insurance company to take advantage of recently signed legislation. The approval of Best Doctors Insurance Limited to operate as an offshore insurer will add high-paying jobs to Florida. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1899 Accident and HealthWed, 12 Oct 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1899 A public rate hearing will be held to discuss the National Council on Compensation Insurance's (NCCI) proposed rate increase for its workers’ compensation line of insurance. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1898 Workers CompensationMon, 10 Oct 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1898 The Florida Office of Insurance Regulation (Office) today signed a Consent Order that will allow Underwriters at Lloyd’s, London to post reduced collateral and operate in Florida as an eligible reinsurer. Lloyd’s represents one of the oldest and largest non-U.S. reinsurers in the United States, and will represent the seventeenth eligible reinsurer operating in Florida with similar terms; it is also the first eligible reinsurer operating in Florida headquartered in the United Kingdom. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1897 ReinsuranceThu, 06 Oct 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1897 Florida Insurance Commissioner Kevin McCarty today announced the addition of Michelle Robleto to the Office’s senior staff. Ms. Robleto will serve as the new Deputy Insurance Commissioner for Life and Health Insurance. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1896 Accident and HealthLifeThu, 06 Oct 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1896 The Florida Office of Insurance Regulation (Office) released its 2011 annual report on the medical malpractice insurance market in Florida. The Office is required to issue a summary and analysis of the state of the medical malpractice insurance industry on an annual basis pursuant to Florida Statutes. The report features 2010 data compiled from Office rate filings, financial data, and the closed-claims database. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1895 Professional LiabilityMon, 03 Oct 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1895 Florida Insurance Commissioner Kevin McCarty today announced the staff changes at the Florida Office of Insurance Regulation (Office). http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1894 Fri, 30 Sep 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1894 The Florida Office of Insurance Regulation (Office) today issued an Order establishing homeowners’ and dwelling fire rates for Citizens Property Insurance Corporation (Citizens). The effective dates for the new rates for both the homeowners’ and dwelling fire policies are January 1, 2012 for new and renewal multi-peril business, and February 1, 2012 for new and renewal wind-only business. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1893 Homeowners'Tue, 20 Sep 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1893 A public rule hearing will be held to discuss the Uniform Mitigation Verification Inspection Form OIR-B1-1802. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1938 Homeowners'Mon, 19 Sep 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1938 WHO: Citizens Property Insurance Corporation (Citizens) WHAT: The Office will be issuing a final Order establishing property insurance rates for Citizens. Insurance commissioner Kevin McCarty will assist reporters with questions regarding the Office’s determination during a media conference call. WHEN: September 19, 2011, 5:30 p.m. WHERE: Teleconference call (850) 413-1591, Enter Conference ID # 647 http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1892 Homeowners'Mon, 19 Sep 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1892 The Florida Office of Insurance Regulation (Office) will conduct a public hearing to discuss Citizens' proposed rate increases for the Coastal Accounts, formerly known as the High Risk Accounts (HRA), and the Personal Lines Accounts (PLA). These accounts inclue, but are not limited to, homeowners' and dwelling/fire lines of business. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1934 Homeowners'Mon, 12 Sep 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1934 A public rate hearing will be held to discuss the First Protective Insurance Company and Fidelity Fire & Casualty Company's proposed rate increases for their dwelling fire lines of insurance. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1935 Homeowners'Wed, 07 Sep 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1935 The National Weather Service has reported the remnants of Hurricane Irene have moved into the Canadian Provinces of Quebec and Newfoundland and are no longer of tropical storm strength. Some early estimates have calculated property damage to be roughly $7 billion. Although Hurricane Irene mostly bypassed Florida, damage from the storm system was far ranging -- at one point, 12 states and the District of Columbia were declared to be in a state of emergency. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1888 HurricaneMon, 29 Aug 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1888 The Florida Office of Insurance Regulation (Office) will conduct a public hearing to discuss Citizens' proposed rate increases for the Coastal Accounts, formerly known as the High Risk Accounts (HRA), and the Personal Lines Accounts (PLA). These accounts include, but are not limited to, homeowners' and dwelling/fire lines of business. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1936 Homeowners'Fri, 12 Aug 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1936 e Florida Office of Insurance Regulation (Office) has received the first of several annual rate filings from Citizens Property Insurance Corporation (Citizens) – most notably the Homeowners filings related to the Coastal Account formally known as the High Risk Account (HRA), and the Personal Lines Account (PLA). http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1886 Homeowners'Thu, 04 Aug 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1886 The Florida Office of Insurance Regulation (Office) today announced the re-launch of an interactive program designed to assist Florida’s homeowners to shop for homeowners’ rates. The new system, called the Consumer HomeOwners Insurance Comparison Electronic System (CHOICES), is a revamp of an earlier system developed in 2007. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1885 Homeowners'Tue, 26 Jul 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1885 A public hearing will be held to discuss The Doctors' Company's application for acquisition of Florida-based FPIC Insurance Group. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1939 Accident and HealthWed, 20 Jul 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1939 A public rate hearing will be held to discuss the Castle Key Insurance Company and Castle Key Indemnity Company's proposed rate increases for its homeowners' line of insurance. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1940 Homeowners'Mon, 18 Jul 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1940 The Florida Office of Insurance Regulation (Office) today announced that Florida has entered into a multi-agency Nonadmitted Insurance Multi-State Agreement (NIMA). http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1882 Surplus LinesThu, 16 Jun 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1882 A public rate hearing will be held to discuss the Harford Insurance Company of the Midwest's proposed rate increase for its homeowners' line of insurance. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1941 Homeowners'Wed, 15 Jun 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1941 Office Allows Bermuda Reinsurers Ariel Reinsurance Company Ltd. and DaVinci Reinsurance Ltd. to Operate with Reduced Collateral http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1881 ReinsuranceWed, 15 Jun 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1881 The Florida Office of Insurance Regulation (Office) and members from the National Association of Insurance Commissioners held a public hearing on May 19, 2011 involving settlement claims practices in the life insurance industry. A Video and transcript of that hearing are now available on the Office’s website. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1879 AnnuitiesLifeFri, 03 Jun 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1879 The Florida Office of Insurance Regulation (Office) signed a Consent Order that allows the fourteenth reinsurer, AXIS Specialty Ltd. ("AXIS"), to post reduced collateral and operate in Florida as an eligible reinsurer. This Consent Order makes AXIS the thirteenth Bermuda reinsurer to operate in Florida with similar terms; the first reinsurer to operate with similar terms is from Germany. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1878 ReinsuranceTue, 24 May 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1878 The Florida Office of Insurance Regulation (Office) today announced a multi-agency, multi-million-dollar settlement agreement with John Hancock Life Insurance Co. (Hancock). Hancock agreed to revise its business practices related to unclaimed property for life insurance products, and to revise its use of the Death Master File, which is a list of everyone who has died as reported to the U.S. Social Security Administration. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1877 LifeWed, 18 May 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1877 The Florida Office of Insurance Regulation and members from the National Association of Insurance Commissioners will hold a press availability to discuss coordinated regulatory investigations into settlement practices of life insurance companies. Click here for more details including how to participate via call-in number. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1971 LifeTue, 17 May 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1971 The Office will conduct an evidentiary public hearing to evaluate industry practices that incolve claim settlement practices, use of the U.S. Social Security Administration's Death Master File, and compliance with unclaimed property laws. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1942 LifeTue, 17 May 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1942 Commissioner Kevin McCarty has issued the following statement: “I commend Governor Scott for his leadership during the legislative session and for signing SB 408 relating to property and casualty insurance. This bill focuses on addressing cost drivers in the system and will yield long-term benefits for Florida by stabilizing the property insurance market and attracting new capital investment to our state.” http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1875 AutomobileHomeowners'Property InsuranceTue, 17 May 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1875 The Office has created a newly designed website to make Office information more accessible to the public. The new website will be available starting at 8 am EDT on Monday, May 16. All information on the current website will be available on the new website; in addition, some new content has been added. Current databases will continue to have the same Web addresses, but some bookmarked pages may need to be remarked. The home page will remain www.floir.com. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1873 Mon, 16 May 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1873 The Florida Office of Insurance Regulation (Office) signed a Consent Order that allows the thirteenth reinsurer, Aspen Insurance Limited ("Aspen"), to post reduced collateral and operate in Florida as an eligible reinsurer. This Consent Order makes Aspen the twelfth Bermuda reinsurer to operate in Florida with similar terms; the first reinsurer to operate with similar terms is from Germany. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1872 ReinsuranceWed, 11 May 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1872 A public rate hearing will be held to discuss the Fidelity National Property & Casualty Insurance Company's proposed rate increase for its homeowners' line of insurance. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1943 Homeowners'Tue, 10 May 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1943 The Office will conduct a public hearing to evaluate a potential industry practice that incolves claim settlement practices, use of the U.S. Social Securtity Administration's Death Master File, and compliance with unclaimed property laws. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1944 LifeFri, 22 Apr 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1944 The Florida Office of Insurance Regulation released a Report on Review of the 2011 Personal Injury Protection Data Call. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1869 AutomobileMon, 11 Apr 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1869 The Florida Office of Insurance Regulation (Office) signed a Consent Order that allows the twelfth reinsurer, Arch Reinsurance Ltd. (Arch), to post reduced collateral and operate in Florida as an eligible reinsurer. This agreement makes Arch the eleventh Bermuda reinsurer to operate in Florida with similar terms; the first reinsurer to operate with similar terms is from Germany. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1868 ReinsuranceFri, 01 Apr 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1868 The Florida Office of Insurance Regulation (Office) signed a Consent Order that allows the eleventh reinsurer, Alterra Bermuda Limited ("Alterra"), to post reduced collateral and operate in Florida as an eligible reinsurer. This Consent Order makes Alterra the tenth Bermuda reinsurer to operate in Florida with similar terms; the first reinsurer to operate with similar terms is from Germany. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1867 ReinsuranceMon, 28 Mar 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1867 A public rate hearing will be held to discuss the First Community Insurance Company's proposed rate increase for its homeowners line of insurance. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1945 Homeowners'Mon, 21 Mar 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1945 The Florida Office of Insurance Regulation (Office) today announced an agreement that authorizes another Bermuda-based reinsurer, Montpelier Reinsurance Ltd. (Montpelier), to operate in Florida and post reduced collateral requirements. This Consent Order makes Montpelier the ninth Bermuda reinsurer to operate in Florida with similar terms. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1865 ReinsuranceFri, 18 Mar 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1865 TALLAHASSEE, Fla. – Florida Insurance Commissioner Kevin McCarty today announced the following staff changes at the Florida Office of Insurance Regulation (Office). http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1864 Tue, 15 Mar 2011 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1864 Florida Insurance Commissioner Kevin McCarty issued an Order to Global Warranty Group, LLC (GWG) to cease and desist selling unauthorized service warranty products. GWG is an authorized limited liability company with main offices in New York that does not have a license to sell service warranty products in Florida. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1863 Warranties and Motor Vehicle Service AgreementsThu, 10 Mar 2011 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1863 A public rate hearing will be held to discuss the Olympus Insurance Company's proposed rate increase for its homeowners' line of insurance. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1947 Homeowners'Wed, 09 Mar 2011 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1947 The Florida Office of Insurance Regulation (Office) today announced the ninth agreement of its kind, which authorizes a reinsurer to post reduced collateral requirements to operate in Florida. The Office specifies the terms in a Consent Order with Allied World Assurance Company, LTD (Allied), a Bermuda-based company. This announcement makes Allied the eighth authorized Bermuda reinsurer to operate with similar reduced collateral terms; the other reinsurer was from Germany. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1861 ReinsuranceWed, 02 Mar 2011 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1861 Florida Insurance Commissioner Kevin McCarty today submitted the 2011 Freedom to Travel Report to legislative leaders detailing the Office of Insurance Regulation's (Office) efforts to implement the "Freedom to Travel Act." Passed in 2006, the legislation placed strict limitations on insurance companies' ability to deny an application or increase premiums for life insurance or annuities solely based on past or future foreign travel. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1860 Tue, 01 Mar 2011 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1860 Florida Insurance Commissioner Kevin McCarty received the Spirit of Independence Award from the National Association of Health Underwriters (NAHU). http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1858 Accident and HealthFri, 18 Feb 2011 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1858 A public rate hearing will be held to discuss the State Farm Florida Insurance Company's proposed rate increases, which are as follows: http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1948 Commercial LinesHomeowners'Mon, 14 Feb 2011 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1948 The Office of Insurance Regulation will hold a joint public meeting with the Florida Health Insurance Advisory Board to review and approve the 2010 Market Report. Insurance Commissioner Kevin McCarty is the FHIAB chairman. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1949 Accident and HealthTue, 01 Feb 2011 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1949 Florida Insurance Commissioner Kevin McCarty issued an Order requiring several companies to Cease and Desist the unauthorized marketing and sale of service warranty insurance products. These companies include Warranty Administration Services Inc (WARRANTY), SafeData Management Services Inc (SAFEDATA), Consumer Direct Warranty Services (CONSUMER DIRECT) and General Warranty Services (GENERAL). http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1855 Warranties and Motor Vehicle Service AgreementsFri, 21 Jan 2011 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1855 The Florida Office of Insurance Regulation (Office) released to the Florida Legislature its 2010 Workers' Compensation Annual Report on the state of the workers' compensation insurance market in Florida. The report analyzed the availability and affordability of coverage for workers' compensation insurance in Florida with data for the calendar year 2009 with the benefit of information available from 2010 and concluded that Florida's market is competitive. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1854 Workers CompensationWed, 05 Jan 2011 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1854 A public rate hearing will be held to discuss the First Home Insurance Company's proposed rate increase for its homeowners' line of insurance. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1950 Homeowners'Mon, 06 Dec 2010 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1950 The 2010 Fast Facts report is available on the Office's Web site: http://www.floir.com/pdf/fastfacts11292010.pdf. This report is a compilation of financial and regulatory information, and lists “Top 20” writers for select Florida insurance markets. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1851 Mon, 29 Nov 2010 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1851 Today the National Association of Insurance Commissioners (NAIC) announced the establishment of a new task force to address potential adverse impacts the new medical loss ratios (MLR) may have on the role of health insurance agents. On November 22, the Department of Health and Human Services (HHS) issued new guidelines regarding the implementation of the MLR. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1850 Accident and HealthWed, 24 Nov 2010 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1850 A public hearing will be held to discuss the Florida Peninsula Insurance Company's proposed rate increases, which are as follows: http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1951 Homeowners'Mon, 15 Nov 2010 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1951 Today Florida Insurance Commissioner Kevin McCarty discussed the Office of Insurance Regulation’s Report on Review of the 2010 Sinkhole Data Call with the Florida Governor and Cabinet. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1848 Homeowners'Tue, 09 Nov 2010 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1848 The Florida Office of Insurance Regulation (Office) today announced agreements with three Bermuda-based reinsurers to participate in Florida's insurance marketplace under modified regulatory terms: Ace Tempest Reinsurance Ltd. (Ace Tempest Re), Hiscox Insurance Company [Bermuda] Limited (Hiscox), and Partner Reinsurance Company Ltd. (Partner Re). The three companies are not affiliated with each other. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1847 ReinsuranceMon, 08 Nov 2010 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1847 Today Dr. Ray Spudeck has issued a press release regarding the Public Property Symposium that occurred in conjunction with the National Association of Insurance Commissioners Fall meeting in Orlando, Florida. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1846 NAICFri, 22 Oct 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1846 Today the National Association of Insurance Commissioners (NAIC) elected Commissioner Kevin McCarty to be the NAIC President-Elect effective January 1, 2011. Commissioner McCarty was nominated by Mary Jo Hudson, Ohio Director of Insurance, and was elected by acclamation. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1845 NAICThu, 21 Oct 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1845 A public rate hearing will be held to discuss the First Community Insurance Company's proprosed rate increase for its dwelling fire line of insurance. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1977 Homeowners'Wed, 20 Oct 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1977 The Florida Ofice of Insurance Regulation will host a Public Symposium bringing thought leaders from the avademic community, as well as those directly involved in the underwriting and financing of catastrophic risk in Florida together to gernerate resonable ideas and solid recommendations for stabilizing, improving, and growing the private marketplace. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1952 AutomobileHomeowners'Wed, 20 Oct 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1952 Today Florida Insurance Commissioner Kevin McCarty co-signed a letter to National Association of Insurance Commissioners (NAIC) President Jane Cline urging the NAIC to adopt an amendment to the proposed Regulation for Uniform Definitions and Standardized Methodologies for Calculation of Medical Loss Ratio for Plan Years 2011, 2012 and 2013. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1844 Accident and HealthWed, 20 Oct 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1844 Insurance Commissioner Kevin McCarty today announced the Florida Office of Insurance Regulation issued an Amended Notice and Order to Show Cause to American Medical and Life Insurance Co. alleging five counts of illegal activity. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1841 Accident and HealthLifeFri, 15 Oct 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1841 As part of the NAIC leadership team, Commissioner Kevin McCarty signed a letter addressed to Health & Human Services Secretary Kathleen Sebelius dated October 13, 2010. The letter recommends the secretary establish a clear and timely process for consulting with individual insurance commissioners to adjust the medical MLR ratio requirements scheduled to be implemented for the individual health markets on January 1, 2011. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1840 Accident and HealthLifeFri, 15 Oct 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1840 Florida Insurance Commissioner Kevin McCarty today announced that he has advised the National Council on Compensation Insurance (NCCI) that he would approve a rate filing to increase Florida's workers’ compensation insurance rates by 7.8 percent to be effective January 1, 2011 for new and renewal business. Commissioner McCarty's action is technically a denial of NCCI's recent rate filing that sought an 8.3 percent increase. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1839 Workers CompensationFri, 15 Oct 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1839 The Office has posted the Agenda for the 2010 Property Insurance Public Symposium on the Office’s website at www.floir.com. The symposium titled, “Moving the Market Forward” will be held on Thursday, October 21, at the Gaylord Palms Resort in Orlando, Florida from 1-5 p.m. The symposium is open to the public. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1838 AutomobileHomeowners'Tue, 12 Oct 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1838 Florida Insurance Commissioner Kevin McCarty today signed an Order establishing updated rates for Citizens Property Insurance Corp. (Citizens). Citizens is the state-run insurer, providing property coverage to those who cannot find affordable coverage in the private market. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1837 Commercial LinesHomeowners'Mon, 11 Oct 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1837 A public rate hearing will be held to discuss the National Council on Compensation Insurance's (NCCI) proposed rate increase for its workers compensation lines of insurance. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1978 Workers CompensationMon, 04 Oct 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1978 The Florida Office of Insurance Regulation (Office) released its 2010 annual report on the medical malpractice insurance market in Florida. The Office is required to issue a summary and analysis of the state of the medical malpractice insurance industry on an annual basis pursuant to Florida Statutes. The report features 2009 data compiled from Office rate filings, financial data, and the closed-claims database. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1835 Professional LiabilityMon, 04 Oct 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1835 A public rate hearing will be holding to discuss Sunshine State's proposed rate increases for its homeowners and dwelling fire lines of insurance. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1979 Homeowners'Wed, 29 Sep 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1979 HAMILTON, Bermuda – Yesterday the Florida Insurance Commissioner was in Bermuda to address the Board of Directors for two prominent reinsurance groups – the Reinsurance Association of America (RAA), and the Association of Bermuda Insurers and Reinsurers (ABIR). The Florida property insurance market relies on Bermuda reinsurers for a substantial amount of its reinsurance associated with catastrophe risk. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1834 Wed, 29 Sep 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1834 TALLAHASSEE, Fla. – Florida Insurance Commissioner Kevin McCarty today announced the Office of Insurance Regulation (Office) and the Insurance and Surety National Commissioner of the United Mexican States (CNSF) signed a Memorandum of Understanding (MOU). The MOU establishes a formal basis for both parties to work together to share critical information, while maintaining confidentiality. Additionally, the agreement coordinates regulatory activities affecting insurers, consumers and other regulated entities in Mexico and Florida. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1832 Tue, 28 Sep 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1832 The Office of Insurance Regulation will hold a joint public hearing with the Florida Health Insurance Advisory Board on Medical Loss Ratio (MLR). http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1980 Accident and HealthThu, 23 Sep 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1980 Florida Insurance Commissioner Kevin McCarty today signed an Order establishing Citizens Property Insurance Corp.'s (Citizens) rates for some lines of business. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1830 Homeowners'Thu, 23 Sep 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1830 TALLAHASSEE, Fla. – Today Florida Insurance Commissioner Kevin McCarty joined other members of the NAIC leadership team with a letter to Congressional leaders imploring Congress to reauthorize the National Flood Insurance Program (NFIP). The program, which insures over five million homes nationwide, is set to expire on September 30, 2010. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1829 Homeowners'Thu, 23 Sep 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1829 Today marks the six-month anniversary of the Patient Protection and Affordable Care Act (PPACA) signed into law by President Obama on March 23, 2010. The Office is using this opportunity to provide an update on the status of Florida’s implementation of this new law, as there are several important provisions that become effective today. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1827 Accident and HealthThu, 23 Sep 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1827 Florida Insurance Commissioner Kevin McCarty joins more than 30 state insurance commissioners in a meeting with President Barack Obama today to discuss the states’ role in implementing federal health care reform. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1981 Accident and HealthWed, 22 Sep 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1981 The Florida Office of Insurance Regulation will conduct a public workshop to review the form used by inspectors to document eligibility for wind mitigation discounts for personal residential property on Wednesday, September 22, 2010. During the workshop, the Office will concentrate first on changes in the form that are required to be made because of a change in Florida law that authorizes only certain licensees to conduct inspections and sign the form. Additionally, regulators will review changes that may need to be made in the future to further clarify the requirements for insurance companies to give wind mitigation discounts and to make certain that inspectors and policyholders are aware of the actions that they can take to obtain discounts. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1982 Commercial LinesHomeowners'Tue, 21 Sep 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1982 The Office has released its 2009 “Accident & Health Markets Gross Annual Premium and Market Report.” http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1824 Accident and HealthThu, 09 Sep 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1824 The Office will conduct a public hearing to discuss Citizens’ proposed rate increases for several lines of insurance including, but not limited to, homeowners, mobile homeowners, High-Risk Account (HRA) homeowners, and the HRA mobile homeowners programs. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1983 Homeowners'Fri, 03 Sep 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1983 The Office of Insurance Regulation (Office) issued a data call yesterday (August 24) to the commercial and residential property insurance industry in Florida to collect claims data related to sinkholes. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1822 Homeowners'Wed, 25 Aug 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1822 Florida Insurance Commissioner Kevin McCarty along with lead regulators from other states voted unanimously to approve the National Association of Insurance Commissioners' (NAIC) recommended language (blanks proposal) for the Medical Loss Ratio (MLR) definition under the federal Affordable Care Act on Tuesday, August 17. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1821 Accident and HealthFri, 20 Aug 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1821 SEATTLE, WA. – Florida Insurance Commissioner Kevin McCarty today announced the NAIC has adopted a resolution that he co-sponsored demonstrating the NAIC’s commitment to preserving the role of health insurance agents. Health insurance agents are vitally important in assisting businesses and individuals to select the appropriate healthcare coverage, and in consumer protection. This resolution is passed amidst the NAIC’s efforts to help the federal government define the Medical Loss Ratio as outlined in the Affordable Care Act. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1820 Accident and HealthTue, 17 Aug 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1820 Insurance Commissioner Kevin McCarty today announced the Florida Office of Insurance Regulation (Office) has issued an Order to Auto Repair Warranty Inc. (ARW), Auto Repair Group LLC (ARG) and Michael R. Petruziello to Cease and Desist selling unauthorized motor vehicle service agreements in Florida. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1819 Warranties and Motor Vehicle Service AgreementsThu, 05 Aug 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1819 A public rate hearing will be held to discuss Royal Palm's proposed rate increase for its dwelling/fire line of insurance. Royal Palm's proposed statewide average rate level impact is 21.7 percent, however, that rate could vary by area. A copy of the agenda is available online. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1818 Homeowners'Wed, 04 Aug 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1818 A public rate hearing will be held to discuss Castle Key’s proposed rate increases for its homeowners’ multi-peril line of insurance. Castle Key Insurance Company’s proposed statewide average rate level impact is 33.3 percent. Castle Key Indemnity Company’s average request is 17.9 percent; however, that rate could vary significantly by area. A copy of the agenda will be available online. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1816 Homeowners'Mon, 26 Jul 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1816 WASHINGTON, DC – Florida Insurance Commissioner Kevin McCarty today offered testimony before the U.S. Senate Special Committee on Aging. His testimony focused on Florida’s regulatory framework for monitoring continuing care retirement communities (CCRCs). Florida law defines CCRCs as facilities that furnish shelter and either nursing care or personal services upon payment of an entrance fee pursuant to a contract. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1815 Wed, 21 Jul 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1815 Florida Insurance Commissioner Kevin McCarty will testify before the United States Senate Special Committee on Aging in Washington, D.C. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1814 Tue, 20 Jul 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1814 TALLAHASSEE, Fla. – Florida Insurance Commissioner Kevin McCarty today announced a multi-state settlement agreement among 37 jurisdictions and Conseco Life Insurance Co. (Conseco) that requires the establishment of a $10 million fund for certain owners of its Lifetrend life insurance products. Participation in the settlement is voluntary. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1813 LifeWed, 30 Jun 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1813 TALLAHASSEE, Fla. - Florida Insurance Commissioner Kevin McCarty today announced the Florida Office of Insurance Regulation (Office) has issued a Final Order to a dozen entities, including companies and their officers, for the unauthorized sale of health insurance products in Florida. The Office issued the Order after sending a previous Order to each of the named individuals and entities in February, requiring them to Cease and Desist from engaging in the unauthorized transaction of insurance. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1812 Accident and HealthThu, 24 Jun 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1812 TALLAHASSEE, Fla. – The Florida Office of Insurance Regulation (Office) today announced an agreement with Bermuda-based reinsurer XL Re Ltd (XL) to participate in Florida's insurance marketplace under modified regulatory terms. During a Property Insurance Special Session in 2007, Florida lawmakers passed legislation that authorized the Office to establish lower collateral requirements for alien (non-U.S.) reinsurers that are highly-rated and financially sound. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1811 Tue, 22 Jun 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1811 TALLAHASSEE, Fla. - Insurance Commissioner Kevin McCarty today announced the Florida Office of Insurance Regulation (Office) has issued a Final Order to Cease and Desist to Infinity Surety (Infinity) of Saginaw, Texas, and its president, George D. Black, for selling unauthorized surety insurance in Florida. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1810 Thu, 17 Jun 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1810 On June 9, the First District Court of Appeal ruled in favor of the Office of Insurance Regulation (Office) in its litigation with Coventry First, LLC, Florida (Coventry). The Court issued an opinion which affirmed the Office’s right to review non-Florida related records for viatical settlement providers. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1809 Wed, 16 Jun 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1809 TALLAHASSEE, Fla. – Florida Insurance Commissioner Kevin McCarty today announced the Office has ordered 16 workers' compensation insurance companies or groups to return a total of over $9.4 million in excessive profits to their policyholders. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1808 Workers CompensationTue, 18 May 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1808 Florida Insurance Commissioner Kevin McCarty today announced the National Council on Compensation Insurance (NCCI) made a filing with the Office of Insurance Regulation (Office) on May 7, 2010, which included a proposed 4.2 percent decrease in rates. This marks the eighth decrease in workers' compensation rates since 2003. The cumulative overall statewide average decrease in workers' compensation rates will be 64.7 percent since the 2003 reforms. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1807 Workers CompensationTue, 11 May 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1807 TALLAHASSEE, Fla. – Florida Insurance Commissioner Kevin McCarty today announced the Eleventh Circuit Court of Appeals ruled in favor of the Office of Insurance Regulation (Office) in its litigation with Coventry First, LLC, (Coventry) Florida. The http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1806 Fri, 07 May 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1806 MEETING DETAILS: The Office of Insurance Regulation (Office) will hold a joint public hearing with the Florida Health Insurance Advisory Board (FHIAB). These entities will use the hearing as an opportunity to gather information related to federal health care implementation and its potential impact on Florida, specifically as it relates to the Medical Loss Ratio (MLR). http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1805 Accident and HealthTue, 04 May 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1805 The Florida Office of Insurance Regulation (Office) today announced Castle Key Insurance Companies are expanding their writing of homeowners and tenant insurance policies in Florida, and may potentially augment these writings with policies from Citizens Property Insurance Corporation (Citizens). Castle Key Insurance Company and Castle Key Indemnity Company (collectively referred to as Castle Key) are subsidiary companies of Allstate Insurance Company. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1804 Homeowners'Wed, 28 Apr 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1804 Insurance Commissioner Kevin McCarty today announced the Office of Insurance Regulation (Office) will hold a joint public hearing with the Florida Health Insurance Advisory Board (FHIAB). These entities will use the hearing as an opportunity to gather information related to federal health care implementation and its potential impact on Florida, specifically as it relates to the Medical Loss Ratio (MLR). http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1803 Accident and HealthFri, 16 Apr 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1803 Insurance Commissioner Kevin McCarty announced the Florida Office of Insurance Regulation (Office) has issued two separate cease and desist orders to companies for selling unauthorized surety insurance. Surety insurance involves a bond that guarantees the performance of a contract – most often related to construction projects. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1802 Fri, 09 Apr 2010 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1802 ACA Home Insurance Corp. is requesting an average statewide rate level increase of 20.5 percent for their homeowners policyholders. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1800 Homeowners'Mon, 01 Mar 2010 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1800 The Florida Office of Insurance Regulation (Office) today announced a new agreement that encourages foreign reinsurance companies to join Florida’s marketplace, something that Florida’s Legislature promoted as a result of the 2007 Property Insurance Special Session. The goal is to recruit more reinsurers to conduct business in Florida by reducing collateral requirements for qualified companies. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1799 Fri, 26 Feb 2010 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1799 Florida Insurance Commissioner Kevin McCarty today announced the Florida Office of Insurance Regulation (Office) has issued an Order to a dozen entities, including companies and their officers, for the unauthorized sale of health insurance products to approximately 2,500 Floridians. The Order notifies the companies and their officers that the Office will issue a Final Order to Cease and Desist from engaging in the unauthorized transaction of insurance in Florida. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1797 Accident and HealthFri, 19 Feb 2010 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1797 Florida Insurance Commissioner Kevin McCarty yesterday announced the Florida Office of Insurance Regulation (Office) has issued cease and desist orders to three entities, including their subsidiaries, for the unauthorized sale of warranty products and service agreements. These companies include an order to National Home Protection, an order to National Home Warranty, and an order to National Automotive Services. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1796 Warranties and Motor Vehicle Service AgreementsTue, 16 Feb 2010 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1796 The Florida Office of Insurance Regulation (Office) today released to the Florida Legislature its 2009 Workers' Compensation Annual Report on the state of the workers' compensation insurance market in Florida. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1795 Workers CompensationThu, 31 Dec 2009 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1795 Florida Insurance Commissioner Kevin McCarty today announced the Florida Office of Insurance Regulation (Office) has entered into consent agreements with American Fidelity Life Insurance Co. (American Fidelity) and Trans World Assurance Co. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1793 AnnuitiesTue, 29 Dec 2009 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1793 Florida Insurance Commissioner Kevin McCarty today announced that the Office of Insurance Regulation (Office) has issued an Order to National Automotive Services Inc.; Warranty Financial Inc. a/k/a Warranty Financial O.R.G. Inc.; Warranty USA; and Warranty Services to cease and desist transacting the unauthorized marketing and selling of motor vehicle service agreement products in Florida. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1792 Warranties and Motor Vehicle Service AgreementsTue, 22 Dec 2009 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1792 Florida Insurance Commissioner Kevin McCarty today announced that the Office of Insurance Regulation (Office) has issued an Order to American Assurance Underwriters Group and its affiliates Worldwide Expatriate Administrators LLC and Worldwide Expatriate Advisors LLC to cease and desist transacting the unauthorized marketing and selling of health insurance products in Florida. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1791 Accident and HealthTue, 22 Dec 2009 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1791 The Florida Office of Insurance Regulation (Office) today announced that Commissioner Kevin McCarty has issued a Consent Order that resolves the pending litigation between State Farm Florida and the Office over State Farm Florida’s plan to leave the property insurance market. By the terms of the Consent Order, State Farm Florida will remain a significant player in the Florida residential property insurance marketplace. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1790 Homeowners'Wed, 16 Dec 2009 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1790 Commissioner McCarty will make an announcement and answer questions during a press availability session in the Larson Building. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1789 Homeowners'Wed, 16 Dec 2009 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1789 The Florida Office of Insurance Regulation today announced that Commissioner Kevin McCarty was elected to the position of vice president of the National Association of Insurance Commissioners (NAIC). The vote today at the NAIC Winter National Meeting elevates McCarty to this position with the NAIC for a one-year term. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1787 Mon, 07 Dec 2009 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1787 Commissioner McCarty will use the Winter Meeting of the National Association of Insurance Commissioners (NAIC) in San Francisco as the venue for a public hearing to seek information on the implications to regulators and insurers of the alleged defective Chinese drywall installed in many of the nation’s homes. The meeting agenda is available for viewing. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1785 Homeowners'Fri, 04 Dec 2009 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1785 Today the California Department of Insurance issued a press release highlighting their state’s efforts to determine the extent to which insurers transacting business in California hold investments in companies that conduct business in Iran. We applaud the leadership of Insurance Commissioner Steve Poizner on this sensitive and important issue, and we look forward to working with the Commissioner on a national level. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1783 Wed, 02 Dec 2009 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1783 Florida Insurance Commissioner Kevin McCarty yesterday signed an order establishing rates for the Citizens Property Insurance Corp.'s (Citizens) high-risk account. Read More. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1782 Homeowners'Fri, 20 Nov 2009 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1782 The Florida Office of Insurance Regulation (Office) today announced Administrative Law Judge (ALJ) Suzanne F. Hood of the Division of Administrative Hearings (DOAH) issued a Final Order dismissing Coventry First LLC’s (Coventry) allegations that the Office’s exam manuals and procedures are equivalent to rules, but not adopted as such, and are therefore in violation of Florida law. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1781 Accident and HealthTue, 17 Nov 2009 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1781 A public rate hearing will be held to discuss Citizens Property Insurance Corporation’s proposed rate increases for its High Risk Accounts. The following are the statewide average increases filed: http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1780 Homeowners'Mon, 09 Nov 2009 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1780 Florida Insurance Commissioner Kevin McCarty yesterday signed an order establishing Citizens Property Insurance Corp.'s (Citizens) rates for some lines of business. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1779 Homeowners'Fri, 30 Oct 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1779 Florida Insurance Commissioner Kevin McCarty today issued a final order approving the National Council on Compensation Insurance's (NCCI) amended rate filing for workers' compensation insurance rates that will become effective Jan. 1. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1777 Mon, 26 Oct 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1777 Florida Insurance Commissioner Kevin McCarty today announced he has issued an order to Nationwide Home Warranty (Nationwide Warranty) with home offices in New York City to cease and desist transacting the unauthorized marketing and selling of home and service warranty products in this state. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1775 Homeowners'Fri, 16 Oct 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1775 Florida Deputy Insurance Commissioner Mary Beth Senkewicz offered testimony on Wednesday, October 14 before a joint hearing held by the U.S. Senate Special Committee on Aging and the Subcommittee on Oversight of Government Management, the Federal Workforce and the District of Columbia on the issue of long-term care insurance (LTCI). http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1774 Long Term CareFri, 16 Oct 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1774 Florida Insurance Commissioner Kevin McCarty today announced that he has issued a letter to health insurers and health maintenance organizations (HMO’s) encouraging carriers to provide the H1N1 Swine flu vaccine free to its policyholders. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1773 Accident and HealthThu, 15 Oct 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1773 Florida Insurance Commissioner Kevin McCarty today announced he has issued an order approving the proposed rate decrease submitted by the National Council on Compensation Insurance (NCCI) for workers' compensation insurance rates. The NCCI filing submitted Aug. 20 includes an overall average statewide rate decrease of 6.8 percent beginning Jan. 1, 2010 for all new and renewal workers’ compensation insurance in Florida. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1688 Thu, 15 Oct 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1688 Florida Insurance Commissioner Kevin McCarty today announced that he has issued an Order to National Home Protection Inc. (National Home) to cease and desist transacting the unauthorized marketing and selling of home service warranty products. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1687 Warranties and Motor Vehicle Service AgreementsTue, 13 Oct 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1687 Florida Deputy Insurance Commissioner Mary Beth Senkewicz will testify before the U.S. Senate Special Committee on Aging, the Senate Committee on Homeland Security and Government Affairs, Subcommittee on Oversight of Government Management, the Federal Workforce, and the District of Columbia at a hearing to examine the Federal Long-Term Care Insurance Program. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1686 Long Term CareTue, 13 Oct 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1686 A Circuit Court on Friday granted the Department of Financial Services’ (Department) petition for an Order appointing the Department as receiver for the purposes of liquidating American Keystone Insurance Co. (American Keystone). Pursuant to state law, Insurance Commissioner Kevin McCarty last week sent a letter to the Department stating that one or more grounds exist for the initiation of liquidation proceedings. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1685 Mon, 12 Oct 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1685 TALLAHASSEE, Fla. – Insurance Commissioner Kevin McCarty today issued orders to insurance companies that have not had approved new rates to comply with recent legislation... Read More http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1772 Medicare SupplementThu, 08 Oct 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1772 The Florida Office of Insurance Regulation (Office) released its 2009 annual report on the medical malpractice insurance market in Florida. Pursuant to Florida law, the Office is required to annually issue a summary and analysis of the state of the medical malpractice insurance industry. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1771 Professional LiabilityWed, 07 Oct 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1771 Florida Insurance Commissioner Kevin McCarty today announced the Office of Insurance Regulation (Office) and the Bermuda Monetary Authority (Authority) have signed a Memorandum of Understanding (MOU). The MOU commits both parties to work together to share critical information and to coordinate regulatory activities affecting consumers in Bermuda and Florida. This agreement follows similar Office MOU’s with the United Kingdom’s Financial Services Authority and Germany’s regulator BaFin earlier this year. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1770 Thu, 24 Sep 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1770 As thousands of military personnel prepare to return from deployments in Iraq and Afghanistan in the coming months, they should review their insurance coverage to make certain that they and their families stay protected no matter where they are, according to Insurance Commissioner Kevin McCarty and the National Association of Insurance Commissioners (NAIC). http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1769 Fri, 11 Sep 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1769 Florida Insurance Commissioner Kevin McCarty today announced that he has issued an Immediate Final Order to Peck & Peck Inc. (Peck & Peck), Green Cross Managed Health (Green Cross) and Depawix Health Resources Inc. (Depawix) to immediately cease and desist transacting the unauthorized marketing and selling of health insurance. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1768 Thu, 27 Aug 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1768 Florida Insurance Commissioner Kevin McCarty announced today that he has received the latest rate filing from the National Council on Compensation Insurance (NCCI) for workers' compensation insurance rates due to become effective Jan. 1, 2010. The filing includes an overall average rate decrease of 6.8 percent statewide, which would produce a savings of more than $166 million for Florida employers. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1767 Workers CompensationFri, 21 Aug 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1767 CITIZENS PROPERTY INSURANCE CORPORATION PUBLIC RATE HEARING POSTPONED http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1766 Homeowners'Thu, 20 Aug 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1766 Florida Insurance Commissioner Kevin McCarty today announced the Office of Insurance Regulation (Office) and the Hartford Financial Services Group (Hartford) have entered into a consent agreement whereby Hartford will issue refunds or credits totaling $48.2 million to Florida businesses for excess profits it earned on its workers’ compensation policies for accident years 2004, 2005 and 2006. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1764 Workers CompensationWed, 12 Aug 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1764 Florida Insurance Commissioner Kevin McCarty sent a letter to U.S. Rep. Kathy Castor, D-FL, praising her for her sponsorship of an amendment that would restore state oversight to Medicare Advantage plan marketing practices. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1762 Medicare SupplementMon, 03 Aug 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1762 Florida Insurance Commissioner Kevin McCarty and Georgia Insurance Commissioner John Oxendine today announced that they have renewed a partnership agreement that will ensure continuity of operations of mission critical functions in the event of a catastrophe that causes significant disruption to either state’s insurance regulatory operation. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1761 Homeowners'Fri, 24 Jul 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1761 The Florida Office of Insurance Regulation (Office) today announced that the First District Court of Appeal (DCA) has affirmed, without an opinion, the Jan. 12 final order of Commissioner Kevin McCarty. Commissioner McCarty’s order was based on the Dec. 12 recommended order of Administrative Law Judge Daniel Manry of the Division of Administrative Hearings (DOAH). Manry agreed with the Office’s initial Aug. 25 denial of State Farm’s indicated statewide average rate increase of 67.0 percent and its requested increase of 47.1 percent. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1760 Tue, 21 Jul 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1760 Florida Insurance Commissioner Kevin McCarty today announced that the Office of Insurance Regulation (Office) and the United Kingdom Financial Services Authority (FSA) have signed a Memorandum of Understanding (MOU) formally committing to work together on sharing critical information and coordinating regulatory duties about insurance issues that could affect consumers in the United Kingdom and in the United States. This agreement follows a similar MOU the Office entered into with the German regulator BaFin and announced on June 22. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1759 Homeowners'Tue, 21 Jul 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1759 Florida Insurance Commissioner Kevin McCarty today announced that he has appointed Eric Lingswiler to the position of director of Life and Health Product Review. Mr. Lingswiler has served as interim director since Aug. 18. He will report to Deputy Commissioner for Life and Health Mary Beth Senkewicz. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1758 Accident and HealthLifeThu, 02 Jul 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1758 Florida Insurance Commissioner Kevin McCarty today announced that the Office of Insurance Regulation (Office) and the German Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin") have signed a Memorandum of Understanding (MOU)... Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1756 Mon, 22 Jun 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1756 Florida Insurance Commissioner Kevin McCarty has ordered Liberty National Life Insurance Co. (Liberty National) to show cause why its license should not be suspended or revoked for alleged violations of Florida law relating to unlawful discrimination based on national origin or potential travel plans. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1753 LifeThu, 04 Jun 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1753 Florida Insurance Commissioner Kevin McCarty today announced that he has issued a final order approving a rollback from the April 1 rates to the lower workers’ compensation insurance rates that became effective Jan. 1. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1752 Wed, 03 Jun 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1752 The state-based insurance regulatory system has been a constant in an otherwise erratic economic climate. That was the key message conveyed when Florida Insurance Commissioner Kevin McCarty visited members of Congress to highlight the part of the regulatory system that has consistently worked. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1751 Thu, 21 May 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1751 Florida Deputy Insurance Commissioner for Life and Health Mary Beth Senkewicz testified Wednesday in Washington, D.C., before the U.S. Senate Special Committee on Aging on the subject of life settlements in the insurance industry. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1750 Accident and HealthThu, 30 Apr 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1750 Florida Insurance Commissioner Kevin McCarty today announced that the Office of Insurance Regulation (Office) has received $466,000 as Florida’s share of a multistate settlement agreement with Conseco Senior Health Insurance Co. (Conseco Senior) and Bankers Life and Casualty Insurance Co. (Bankers Life), both subsidiaries of Conseco Inc., over alleged inappropriate business practices. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1748 Accident and HealthLifeWed, 08 Apr 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1748 Florida Insurance Commissioner Kevin McCarty today announced that a U.S. District Court judge in Tallahassee has issued an order granting a motion by the Office of Insurance Regulation (Office) to dismiss Coventry First LLC’s (Coventry) motion for injunctive relief to prohibit the Office from examining Coventry’s viatical settlement agreements with consumers outside of Florida. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1747 Mon, 06 Apr 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1747 Florida Insurance Commissioner Kevin McCarty has been selected as the Regulator of the Year by the LexisNexis Insurance Law Center's (ILC) Advisory Board Person of the Year Awards for 2008. According to the ILC, nearly 50 nominations were received for its four award categories: Regulator of the Year, Policyholder Attorney of the Year, Insurer Attorney of the Year and Insurance Jurist of the Year. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1745 Tue, 24 Mar 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1745 Florida Insurance Commissioner Kevin McCarty today announced that the Office of Insurance Regulation (Office) and People’s Trust Insurance Co. (People’s Trust) have entered into a Consent Order that requires People’s Trust to stop writing new policies until it complies with provisions of the order. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1744 AutomobileCommercial LinesHomeowners'Wed, 18 Mar 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1744 “I am pleased to offer support for CFO Alex Sink’s ‘Safeguard Our Seniors’ legislation (SB 1372) that was heard and passed at Tuesday’s Senate Banking and Insurance Committee meeting. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1743 Wed, 11 Mar 2009 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1743 Florida Insurance Commissioner Kevin McCarty has submitted the 2009 Freedom to Travel Report to legislative leaders detailing the Office of Insurance Regulation's (Office) efforts to implement the "Freedom to Travel Act." Passed in 2006 and codified into law at Section 626.9541(1)(dd), Florida Statutes, the legislation placed strict limitations on insurance companies' ability to deny or increase premiums for life insurance based on foreign travel. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1742 Mon, 02 Mar 2009 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1742 Florida Insurance Commissioner Kevin McCarty today announced that he has conditionally approved the withdrawal plan submitted Jan. 27 to the Office of Insurance Regulation (Office) by State Farm Florida Insurance Co. (State Farm Florida) and State Farm Mutual Automobile Insurance Co. (State Farm Mutual). Today’s order allows the State Farm companies to move forward with their plan to withdraw from the Florida property insurance market, but stipulates several key conditions with which the company must comply. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1738 AutomobileCommercial LinesHomeowners'Fri, 13 Feb 2009 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1738 Florida Insurance Commissioner Kevin McCarty today announced that he has issued a final order approving a 6.4 percent increase in workers’ compensation insurance rates, based on an amended filing by the National Council on Compensation Insurance (NCCI). The approved increase applies to new and renewal business and will become effective April 1. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1737 Workers CompensationTue, 10 Feb 2009 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1737 The Florida Office of Insurance Regulation (Office) today released a report, “Stranger-Originated Life Insurance and the Use of Fraudulent Activity to Circumvent the Intent of Florida’s Insurable Interest Law,” which closely analyzes the controversial issue of stranger-originated life insurance (STOLI). The Office believes that STOLI transactions are illegal under Florida law; and it has provided legislative language to both the Florida Senate and House seeking support to clarify the current law and better protect consumers. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1736 Accident and HealthLifeThu, 05 Feb 2009 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1736 Florida Insurance Commissioner Kevin McCarty today announced that he has issued a subpoena to State Farm Florida Insurance Company (State Farm Florida) requesting detailed information about the company's Florida property insurance policyholders. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1735 AutomobileCommercial LinesHomeowners'Thu, 29 Jan 2009 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1735 Although this is disappointing news for Floridians, who have been loyal customers of State Farm, we are not surprised by State Farm's decision to stop offering all property insurance in Florida. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1734 Homeowners'Tue, 27 Jan 2009 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1734 Florida Insurance Commissioner Kevin McCarty today announced that he has advised the National Council on Compensation Insurance (NCCI) that he would approve a rate filing to increase Florida’s workers’ compensation insurance rates by 6.4 percent to be effective April 1 for new and renewal business. Commissioner McCarty’s action is technically a denial of the NCCI’s Nov. 14 rate filing in which it was seeking an 8.9 percent rate increase as a result of the impact on rates it projects following the Oct. 23 Florida Supreme Court opinion in the case of Emma Murray v. Mariner Health Inc. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1733 Workers CompensationMon, 26 Jan 2009 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1733 Florida Insurance Commissioner Kevin McCarty today affirmed the ruling of an administrative law judge regarding the rate filing challenge between the Office of Insurance Regulation (Office) and State Farm Florida (State Farm). The commissioner’s Final Order officially disapproves the rate filing submitted by State Farm and adopts the judge’s findings of fact and some of his conclusions of law. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1732 Homeowners'Mon, 12 Jan 2009 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1732 The Florida Office of Insurance Regulation (Office) today released to the Florida Legislature its 2008 Workers' Compensation Annual Report on the state of the market for workers' compensation insurance. The report analyzes the availability and affordability of coverage for workers' compensation insurance in Florida for the calendar year 2007 and concludes that the Florida workers' compensation market is competitive. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1731 Workers CompensationWed, 07 Jan 2009 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1731 The Florida Office of Insurance Regulation (Office) today announced that it has ordered the Conseco Life Insurance Co. (Conseco Life) to show cause to the Office why it should not suspend or revoke the company’s license, based on allegations of mismanagement. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1730 LifeTue, 23 Dec 2008 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1730 Florida Deputy Insurance Commissioner Mary Beth Senkewicz today announced that the Developmental Disabilities Compact Workgroup has adopted a compact that will extend benefits to persons with all developmental disabilities, not just individuals with autism. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1729 Accident and HealthWed, 17 Dec 2008 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1729 The Florida Office of Insurance Regulation (Office) today announced that Administrative Law Judge Daniel Manry of the Division of Administrative Hearings (DOAH) late Friday afternoon issued a Recommended Order denying State Farm’s indicated statewide average rate increase of 67.0 percent and its requested increase of 47.1 percent. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1726 Homeowners'Fri, 12 Dec 2008 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1726 Gov. Charlie Crist today witnessed the signing of contracts between six health insurance providers and Secretary Holly Benson of the Agency for Health Care Administration (AHCA) and Commissioner Kevin McCarty of the Office of Insurance Regulation (OIR). The new health insurance plans will make affordable, quality health insurance coverage and access to health care available to Florida’s 3.8 million uninsured applicants age 19 to 64, with four of the six carriers insuring children of applicants. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1725 Accident and HealthWed, 10 Dec 2008 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1725 The Florida Office of Insurance Regulation today announced that Commissioner Kevin McCarty was elected to the position of secretary-treasurer for the National Association of Insurance Commissioners (NAIC). The vote today at the NAIC Winter National Meeting elevates McCarty to an officer position with the NAIC for a 1-year term. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1724 Sun, 07 Dec 2008 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1724 The Florida Office of Insurance Regulation (Office) today announced that it was recognized at the National Association of Insurance Commissioners (NAIC) Winter National Meeting for renewal of its Financial Regulation Standards accreditation. The accreditation acknowledges the Office for meeting the NAIC's standards for regulating the solvency of insurance companies licensed in the state. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1723 Fri, 05 Dec 2008 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1723 Florida Insurance Commissioner Kevin McCarty today announced the removal of up to 110,000 policies from Citizens Property Insurance Corp. (Citizens) beginning Nov. 14. Six companies, named below, are involved with this round of removals. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1720 Homeowners'Thu, 13 Nov 2008 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1720 Florida Insurance Commissioner Kevin McCarty Tuesday issued a final order approving the National Council on Compensation Insurance's (NCCI) amended rate filing for workers' compensation insurance rates that will become effective Jan. 1. The rate decrease marks the sixth consecutive drop in worker’s compensation rates since 2003, the year the Florida Legislature passed sweeping reforms of the workers’ compensation system. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1718 Workers CompensationWed, 29 Oct 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1718 Florida Insurance Commissioner Kevin McCarty today announced that he has appointed John McBride to the position of Legislative Affairs Director. Mr. McBride will report to Chief of Staff Audrey Brown. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1717 Mon, 27 Oct 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1717 Florida employers have realized a tremendous savings on their workers’ compensation insurance due in no small part to the limitations on attorneys’ fees that were put in place as a result of the 2003 legislative reforms. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1716 Workers CompensationFri, 24 Oct 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1716 "The Office of Insurance Regulation is reviewing the court's decision to determine its potential impact on the workers' compensation system as a whole and on future workers' compensation insurance rates in Florida." http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1715 Workers CompensationThu, 23 Oct 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1715 Selecting the insurance companies that will offer Cover Florida plans is a very positive step; and I am pleased that we now are moving closer to seeing this low-cost health insurance option become a reality for Florida consumers who do not currently have health insurance. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1713 Thu, 16 Oct 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1713 Florida Insurance Commissioner Kevin McCarty today announced that he has disapproved the National Council on Compensation Insurance’s (NCCI) Aug. 27 rate filing for workers' compensation insurance rates that would become effective Jan. 1. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1712 Workers CompensationWed, 15 Oct 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1712 The Developmental Disabilities Compact workgroup met Tuesday to begin initial discussions about coverage and benefits that private health insurers can offer to persons with developmental disabilities. Florida Deputy Insurance Commissioner Mary Beth Senkewicz chaired the meeting of the workgroup, which comprises primarily representatives of insurance companies and HMOs. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1711 Accident and HealthWed, 15 Oct 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1711 Florida Insurance Commissioner Kevin McCarty today released the following comments in response to recent opinions offered, in the wake of the financial issues of the American International Group (AIG), that insurance regulation should be moved to the federal level. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1707 Wed, 24 Sep 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1707 “I have been monitoring the AIG situation very closely; and I have been in contact with my fellow regulators in New York and Pennsylvania – the two states with primary regulatory control over the AIG companies involved. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1705 Wed, 17 Sep 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1705 The Florida Office of Insurance Regulation (Office) today announced that the Florida Cabinet, in its capacity as the Financial Services Commission, approved a rule that would implement 2007 legislation giving the insurance commissioner discretion to allow the financially strongest unaccredited reinsurance companies to conduct business in Florida without having to post 100 percent collateral. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1704 Tue, 16 Sep 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1704 Florida Insurance Commissioner Kevin McCarty today announced that he has ordered State Farm Florida (State Farm) to issue credits or refunds totaling $120 million to current and former policyholders who did not apply for or who did not receive the Windstorm Loss Reduction Rating Plan discount for making their homes more resistant to wind damage. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1703 Homeowners'Tue, 09 Sep 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1703 Florida Insurance Commissioner Kevin McCarty today announced the appointment of six additional members to the new Developmental Disabilities Compact Consumer Advisory Workgroup. The additional members were appointed as a result of an outpouring of interest following the announcement of the group’s initial members. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1702 Tue, 09 Sep 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1702 In an effort to help Florida consumers who may be impacted by Hurricane Ike, Insurance Commissioner Kevin McCarty today issued two emergency orders to all health insurers and health maintenance organizations (HMOs). http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1701 Accident and HealthMon, 08 Sep 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1701 Florida Insurance Commissioner Kevin McCarty today announced that the Office of Insurance Regulation (Office) has rejected State Farm Florida’s (State Farm) petition for a formal hearing http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1700 Homeowners'Fri, 05 Sep 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1700 Florida Insurance Commissioner Kevin McCarty today announced that the Office of Insurance Regulation (Office) has approved the merger of AmCOMP with Employers Holdings Inc. (Employers), and that the Office and AmCOMP have agreed to a consent order that will require AmCOMP to repay $8.4 million in excessive profits to its Florida policyholders. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1698 Workers CompensationTue, 02 Sep 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1698 Florida Insurance Commissioner Kevin McCarty will chair an informational hearing to discuss and receive public comment on the business arrangements variously called Stranger Owned Life Insurance, Stranger-Oriented Life Insurance, Stranger Originated Life Insurance or Speculator Initiated Life Insurance (STOLI). http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1696 LifeTue, 26 Aug 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1696 Florida Insurance Commissioner Kevin McCarty today announced that the Office of Insurance Regulation (Office) has issued a Notice of Intent to disapprove the July 16 rate filing submitted by State Farm Florida (State Farm). Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1695 Mon, 25 Aug 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1695 Florida Insurance Commissioner Kevin McCarty is issuing this advisory to remind Florida consumers and authorized insurers that the hurricane deductible of their homeowner’s policy does not apply at this time, because the National Hurricane Center has not upgraded Tropical Storm Fay to a hurricane. Insurance companies must apply the deductible that is unrelated to hurricane, generally referred to as the “all other perils deductible” or “other than hurricane deductible.” http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1694 AutomobileHomeowners'Thu, 21 Aug 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1694 In an effort to help Florida consumers impacted by Tropical Storm Fay, Insurance Commissioner Kevin McCarty today issued two emergency orders to all health insurers and health maintenance organizations (HMOs). http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1692 Accident and HealthTue, 19 Aug 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1692 Florida Insurance Commissioner Kevin McCarty today announced that he has appointed Eric Lingswiler to the position of interim director of Life and Health Product Review. Mr. Lingswiler will report to Deputy Commissioner for Life and Health Mary Beth Senkewicz. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1690 Accident and HealthLifeMon, 18 Aug 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1690 Florida Insurance Commissioner Kevin McCarty today announced that the Office of Insurance Regulation (Office) has reached a limited agreement with the Allstate Companies (Allstate) that includes a $5 million fine to resolve the ongoing issues that had become the subject of numerous proceedings stemming from Allstate’s September rate filing, the Jan. 15 public hearing and related subpoenas, issued Oct. 16 by the Office. Allegations against Allstate included failure to freely provide the documents requested in the October subpoenas; falsely asserting trade secrets in its September rate filing and false certification of its September rate filing. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1689 Homeowners'Fri, 15 Aug 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1689 Florida Insurance Commissioner Kevin McCarty will hold a news conference to discuss a new development in the ongoing matter with the Allstate Insurance Companies. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1684 Fri, 15 Aug 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1684 Gov. Charlie Crist and Insurance Commissioner Kevin McCarty today announced the launch of the updated www.shopandcomparerates.com Web site. The two offices activated this free, online tool in July 2007 to assist consumers looking to acquire or switch homeowners’ insurance coverage. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1683 Homeowners'Wed, 06 Aug 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1683 Florida Insurance Commissioner Kevin McCarty today announced that the Office of Insurance Regulation (Office) has issued a Notice of Intent to disapprove the June 20 rate filing submitted by Florida Farm Bureau Insurance Companies (Farm Bureau) – Farm Bureau General and Farm Bureau Casualty. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1681 Homeowners'Tue, 05 Aug 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1681 Florida Insurance Commissioner Kevin McCarty today announced the appointments of the members of the new Developmental Disabilities Compact Workgroup and the Developmental Disabilities Compact Consumer Advisory Workgroup. The Developmental Disabilities Compact was established by Senate Bill 2654 and signed into law in May by Gov. Charlie Crist. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1680 Mon, 04 Aug 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1680 Florida Insurance Commissioner Kevin McCarty today announced that Florida will receive $1.7 million dollars as its share of a $20 million multi-state settlement agreement among 29 jurisdictions and HealthMarkets Inc., and its affiliated companies, MEGA Life and Health Insurance Co, Mid-West National Life Insurance Co. and Chesapeake Life Insurance Co. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1678 Accident and HealthFri, 25 Jul 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1678 Florida Insurance Commissioner Kevin McCarty welcomed the First District Court of Appeal’s decision affirming the Office of Insurance Regulation’s (Office) denial of United Insurance Company of America’s (United) request to include a mandatory arbitration clause in its life insurance contracts. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1677 LifeWed, 23 Jul 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1677 Commissioner McCarty will speak to the House subcommittee and offer comments on the increasing demand for long-term care insurance products; and he will explain how Florida, with one of the oldest populations in the United States, has implemented the most stringent requirements in the nation to protect seniors from unfair rate increases, unfair trade practices and discrimination. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1676 Long Term CareTue, 22 Jul 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1676 Florida Insurance Commissioner Kevin McCarty today in London joined Gov. Charlie Crist and House Speaker Designate Ray Sansom in a meeting with Lord Levene, the chairman of Lloyd’s of London, as part of the governor’s Team Florida Trade and Business Development Mission. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1675 Tue, 15 Jul 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1675 Florida Insurance Commissioner Kevin McCarty affirmed the ruling of administrative law judge Susan B. Harrell regarding the rate filing challenge between the Office of Insurance Regulation (Office) and Florida Farm Bureau (Farm Bureau). The commissioner’s Final Order officially disapproves the rate filings submitted by Farm Bureau and adopts the judge’s findings of fact and conclusions of law. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1674 Tue, 01 Jul 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1674 I am very pleased that Gov. Crist has signed this important legislation, SB 2082, creating a law that will enhance protections for senior Floridians who are considering the purchase of annuities. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1673 AnnuitiesTue, 01 Jul 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1673 “Mr. Douglas brought vision and expertise to addressing very challenging and complex problems and has helped Citizens become the customer-focused organization that it is today. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1592 Thu, 19 Jun 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1592 “We are pleased with the Florida Supreme Court’s decision in declining to accept jurisdiction of the matter between Allstate and the Office of Insurance Regulation (Office). http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1591 Wed, 18 Jun 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1591 Florida Insurance Commissioner Kevin McCarty, along with insurance commissioners from Louisiana, Mississippi, North Carolina and Georgia, will participate in a day-long forum to discuss the Insurability of the Coast. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1590 Wed, 11 Jun 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1590 Florida Insurance Commissioner Kevin McCarty has affirmed the ruling of an administrative law judge regarding the rate filing challenge between the Office of Insurance Regulation (Office) and The Hartford Companies (Hartford). The commissioner’s Final Order officially disapproves the rate filings submitted by Hartford and adopts the judge’s findings of fact and conclusions of law. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1589 Homeowners'Mon, 02 Jun 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1589 Attorney General Bill McCollum, Chief Financial Officer Alex Sink and Insurance Commissioner Kevin McCarty today announced that Florida has reached a settlement with Aon Corp., a large insurance broker that received undisclosed compensation in connection with the placement of insurance coverage on behalf of Florida policyholders. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1672 Fri, 23 May 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1672 Commissioner McCarty announced today that the Office of Insurance Regulation (Office) has approved the plans of six insurance companies to remove another 100,000 policies from Citizens Property Insurance Corp. in June. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1671 Homeowners'Wed, 21 May 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1671 Florida Insurance Commissioner Kevin McCarty, on behalf of the National Association of Insurance Commissioners, will testify before the U.S. House of Representatives Financial Services Subcommittee on Oversight and Investigations about the effect of credit-based insurance scores on the availability and affordability of insurance. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1669 Tue, 20 May 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1669 Florida Insurance Commissioner Kevin McCarty today announced that he has ordered a stay of the suspension of the Allstate Companies’ licenses to sell new business in Florida. Commissioner McCarty’s decision comes as the result of Allstate’s submission of an affidavit certifying that it has complied with Florida law by freely providing all documents requested by the Office of Insurance Regulation (Office) as part of its investigation of Allstate’s business practices in Florida. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1668 Fri, 16 May 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1668 The Florida Office of Insurance Regulation (Office) will host a Filing & Compliance Symposium May 22 and 23 at the Rosen Centre Hotel in Orlando, Fla. Geared toward insurance company personnel charged with making form and rate filings to the Office, the two-day event will teach participants how to make their filings more accurate and complete. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1667 Thu, 15 May 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1667 Florida Insurance Commissioner Kevin McCarty today announced the immediate resumption of the suspension of the certificates of authority of the Allstate Companies to write new insurance policies in Florida. The suspension applies to all lines of business and will remain in effect until the companies fully comply with Florida law and produce the documents requested by the Office of Insurance Regulation (Office). http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1666 Wed, 14 May 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1666 Florida Insurance Commissioner Kevin McCarty will hold a media availability to discuss the First District Court of Appeal’s order of today upholding the Office’s Jan. 17 Immediate Final Order, suspending the licenses of the Allstate Companies from writing any new business in Florida. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1665 Wed, 14 May 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1665 “I’m pleased to report that the First District Court today has again affirmed the appropriateness of the Office’s action in issuing the January Immediate Final Order suspending Allstate’s licenses to sell new business in Florida; it has denied Allstate’s request for a rehearing and has lifted the stay of the suspension. As a result, the suspension now is back in effect. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1664 Wed, 14 May 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1664 Florida Insurance Commissioner Kevin McCarty today announced that the Office of Insurance Regulation (Office) has issued an Order to Show Cause to two life insurance companies related to their solicitation of business from U.S. military personnel. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1663 LifeThu, 08 May 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1663 I am very pleased that this important legislation has passed, because it will enhance protections for senior consumers who are considering the purchase of annuities. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1662 AnnuitiesFri, 02 May 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1662 I am pleased that some significant consumer safeguards have been maintained in the House version of Sen. Atwater’s original consumer-focused legislation, SB 2860. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1661 Thu, 01 May 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1661 The Florida Office of Insurance Regulation (Office) today held a public hearing to ask for input on a draft rule that would implement 2007 legislation giving the insurance commissioner discretion to allow unaccredited reinsurance companies to conduct business in Florida without having to post 100 percent collateral. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1660 Tue, 29 Apr 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1660 The District Court of Appeal has withdrawn the Order it issued earlier today. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1659 Mon, 21 Apr 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1659 The Florida Health Insurance Advisory Board (Advisory Board) met today to discuss several bills currently making their way through the legislature, including SB 2534 by Senator Durell Peaden and Co-Sponsored by Senator Don Gaetz. The bill includes Governor Crist’s Cover Florida Health Access Program and was passed by the Senate yesterday with a vote of 39–0. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1656 Accident and HealthFri, 18 Apr 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1656 "I am extremely pleased that the Florida Senate today passed, SB 2860, the consumer-focused legislation sponsored by Sen. Jeff Atwater (R-North Palm Beach). http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1654 Wed, 16 Apr 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1654 The Florida Health Insurance Advisory Board announced that it will hold a public hearing to discuss and act on matters relating to the business of the Florida Health Insurance Advisory Board/ Florida Heath Reinsurance Program only. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1653 Wed, 16 Apr 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1653 Florida Insurance Commissioner Kevin McCarty today met with several Allstate agents in his office to hear their personal stories and concerns about how the ongoing legal matters between the Allstate Companies and the Florida Office of Insurance Regulation are affecting them. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1652 Wed, 09 Apr 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1652 In a clarification of its April 4 ruling, upholding the Office's Jan. 17 Immediate Final Order, suspending the licenses of the Allstate Companies from writing any new business in Florida - the Court stated: "This Court's April 4, 2008 opinion lifting the stay will not become final until the time for filing a motion for rehearing expires, and the disposition thereof, if filed." http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1651 Tue, 08 Apr 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1651 Florida Insurance Commissioner Kevin McCarty today announced that he will resume the suspension of the certificates of authority of the Allstate Companies to write new insurance in Florida until they fully comply with the subpoenas served Oct. 16 by the Office of Insurance Regulation (Office). http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1650 Fri, 04 Apr 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1650 Florida Insurance Commissioner Kevin McCarty will hold a media availability to discuss the First District Court of Appeal's order of today upholding the Office's Jan. 17 Immediate Final Order, suspending the licenses of the Allstate Companies from writing any new business in Florida. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1649 Fri, 04 Apr 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1649 "I am extremely pleased that the Senate Banking and Insurance Committee passed the consumer-focused legislation proposed today by Sen. Jeff Atwater (R-Palm Beach). http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1647 Tue, 25 Mar 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1647 TALLAHASSEE, Fla. - Florida Insurance Commissioner Kevin McCarty today announced that the Office of Insurance Regulation (Office) has filed an administrative complaint against the American General Life Insurance Co. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1646 Wed, 19 Mar 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1646 I want to express my deep appreciation for the hard work and support of the Select Committee and its co-chairs, Sen. Atwater and Sen. Geller. The Committee reached an impressive level of detail in its analysis of the complex issues involved in the insurance company rate filings and the other issues it examined. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1645 Homeowners'Thu, 13 Mar 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1645 Florida Insurance Commissioner Kevin McCarty today signed an Order approving Citizens' take-out plans for the year and requiring Citizens Property Insurance Corp. (Citizens) to notify policyholders whose agents have refused to allow their policies to be removed from Citizens. The plans also provide for the first take-outs of commercial-residential or condominium association policies. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1644 Homeowners'Wed, 12 Mar 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1644 Florida Insurance Commissioner Kevin McCarty will be the featured speaker in Thursday's Executive Forum Series at the Florida Atlantic University College of Business. Commissioner McCarty will offer his perspectives as a regulator on topics that will include: the insurance marketplace, both domestically and globally; Florida's role in the insurance marketplace; trends and developments; and, his oversight role in the rate review process. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1643 Tue, 11 Mar 2008 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1643 The Florida Office of Insurance Regulation (Office) will conduct a public hearing on the Foremost Insurance Group's proposed rate increases of up to 72.9 percent on mobile homeowners insurance rates. The companies have over 20,000 mobile homeowners policies in Polk County, constituting 68 percent of the market. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1642 Homeowners'Tue, 04 Mar 2008 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1642 Florida Insurance Commissioner Kevin McCarty today submitted the 2008 Freedom to Travel Report to legislative leaders detailing the Office of Insurance Regulation's (Office) efforts to implement the "Freedom to Travel Act," which was passed in 2006, and codified into law at Section 626.9541(1)(dd), Florida Statutes. The legislation placed strict limitations on insurance companies' ability to deny or increase premiums for life insurance based on foreign travel. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1641 Mon, 03 Mar 2008 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1641 Florida Insurance Commissioner Kevin McCarty has ordered six workers' compensation insurance companies to return $4.2 million in excessive profits to their policyholders. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1640 Workers CompensationWed, 20 Feb 2008 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1640 Florida Insurance Commissioner Kevin McCarty today announced that the Office of Insurance Regulation (Office) has filed an administrative complaint on a non-emergency basis seeking to suspend the certificates of authority of the Allstate Companies (Allstate) to write new insurance policies in Florida. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1639 Tue, 19 Feb 2008 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1639 Florida Insurance Commissioner Kevin McCarty will address the U.S. House of Representatives Financial Services Subcommittee on Oversight and Investigations at a special field hearing about the Florida homeowners' insurance crisis and its impact on communities, homeowners and the economy. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1637 Thu, 07 Feb 2008 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1637 The Florida Office of Insurance Regulation announced today that the Florida Health Insurance Advisory Board (Board) will hold a public meeting Friday, Feb. 1 at the Ft. Lauderdale City Hall in Ft. Lauderdale, Fla. The meeting is scheduled to begin at 9 a.m. and will conclude at 2 p.m. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1635 Accident and HealthWed, 30 Jan 2008 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1635 Attorney General Bill McCollum, Chief Financial Officer Alex Sink and Insurance Commissioner Kevin McCarty today announced that Florida has reached a settlement with a large insurance carrier involved in a "pay-to-play" tactic used by Marsh & McLennan and other insurance brokers. American International Group Inc. (AIG) will pay $12.5 million to Florida and eight other states as well as the District of Columbia to resolve allegations that some of its insurance subsidiaries engaged in bid-rigging and price-fixing in the commercial insurance market. These actions purportedly caused Florida public entities and private organizations to pay higher premiums. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1634 Commercial LinesTue, 29 Jan 2008 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1634 The Florida Office of Insurance Regulation (Office) today announced that it has filed its response with the First District Court of Appeal seeking to have the suspension of the Allstate Companies' certificates of authority reinstated. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1633 Wed, 23 Jan 2008 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1633 "My office has received Allstate's Emergency Motion for Immediate Relief and is currently reviewing it very carefully. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1632 Fri, 18 Jan 2008 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1632 In follow-up to Wednesday's news conference, Florida Insurance Commissioner Kevin McCarty has issued an Immediate Final Order suspending the Allstate Companies (Allstate) from writing new insurance business in Florida until the companies fully comply with the subpoenas served Oct. 16 by the Florida Office of Insurance Regulation (Office). The Order applies to all new business. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1631 Thu, 17 Jan 2008 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1631 TALLAHASSEE, Fla. - Florida Insurance Commissioner Kevin McCarty today announced that he is suspending the certificate of authority of Allstate Companies to write new insurance in Florida until they fully comply with the subpoenas served Oct. 16 by the Office of Insurance Regulation (Office). http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1630 Wed, 16 Jan 2008 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1630 MEDIA ADVISORY -- FROM THE FLORIDA OFFICE OF INSURANCE REGULATION http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1629 Tue, 15 Jan 2008 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1629 TALLAHASSEE, FL – Florida Insurance Commissioner Kevin McCarty today abruptly halted the scheduled two-day hearing into Allstate Companies’ reinsurance program, their relationships to risk modeling companies, insurance rating organizations and insurance trade associations. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1628 Tue, 15 Jan 2008 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1628 "I am pleased that Gov. Crist and the Legislature are supportive of the efforts of the Office of Insurance Regulation to ensure that insurance companies are complying with the law that was enacted last January. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1626 Thu, 10 Jan 2008 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1626 The Florida Office of Insurance Regulation (Office) today released its annual report on the state of the market for workers' compensation insurance to the Florida Legislature. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1625 Mon, 31 Dec 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1625 Florida Insurance Commissioner Kevin McCarty today announced the denial of rate filing submitted by The Travelers Companies Inc. (Travelers). Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1624 Fri, 21 Dec 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1624 Florida Insurance Commissioner Kevin McCarty today announced an agreement with Universal Health Care Insurance Co. and Universal Health Care... Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1623 Fri, 21 Dec 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1623 It might be the season of giving, but a new survey shows that a majority of Americans are actually worried about what might be taken from them. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1622 Tue, 11 Dec 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1622 The Florida Office of Insurance Regulation (Office) today issued an Immediate Final Order... Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1621 Wed, 05 Dec 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1621 The Florida Health Insurance Advisory Board (Board) has submitted its 2008 legislative recommendations for improvements in Florida's private health insurance market. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1620 Mon, 03 Dec 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1620 Florida Insurance Commissioner Kevin McCarty today announced that he has promoted Robin Westcott to director of property and casualty financial oversight with the Office of Insurance Regulation... Read More http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1619 Mon, 03 Dec 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1619 Florida Insurance Commissioner Kevin McCarty today announced that the Florida Office of Insurance Regulation (Office) has issued Notices of Intent... Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1617 Fri, 16 Nov 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1617 Florida Insurance Commissioner Kevin McCarty today announced that he has signed an agreement resolving an ongoing joint investigation of The First American Title Insurance Company... Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1616 TitleFri, 16 Nov 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1616 The Florida Office of Insurance Regulation (Office) announced today that it has joined the states of Texas, Georgia, California and Ohio in reaching a settlement with Americo Life Inc. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1615 Thu, 15 Nov 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1615 Florida Insurance Commissioner Kevin McCarty today announced that he has promoted Audrey Brown to the position of chief of staff with the Office of Insurance Regulation (Office), effective Nov. 19. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1614 Tue, 13 Nov 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1614 PUBLIC RATE HEARING SCHEDULED FOR ALLSTATE COMPANIES Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1613 Fri, 09 Nov 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1613 "I want to congratulate the U.S. House of Representatives on having the vision and leadership to pass HR 3355, The Homeowners' Defense Act of 2007. I especially want to extend my personal thanks and gratitude to the bill's authors, Congressmen Ron Klein and Tim Mahoney, both of Florida. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1612 Fri, 09 Nov 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1612 The Florida Office of Insurance Regulation (Office) announced today that it has approved a new multi-peril commercial non-residential insurance program for Citizens Property Insurance Corp. (Citizens). Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1611 Mon, 05 Nov 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1611 Florida Insurance Commissioner Kevin McCarty announced today that he has approved the National Council on Compensation Insurance's (NCCI) amended rate filing for workers' compensation insurance rates. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1610 Wed, 31 Oct 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1610 The Florida Health Insurance Advisory Board (FHIAB) yesterday issued a report about the Florida health insurance market covering the period 2001 to 2006. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1609 Wed, 31 Oct 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1609 The Florida Office of Insurance Regulation (Office) today announced that it has signed Consent Orders allowing four companies to assume a total of 173,000 policies from the Citizens Property Insurance Corp., the state's insurer of last resort. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1608 Mon, 29 Oct 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1608 WHAT: AUTO-OWNERS PUBLIC HEARING POSTPONED More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1607 Tue, 23 Oct 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1607 Florida Insurance Commissioner Kevin McCarty announced today that he has disapproved the National Council on Compensation Insurance's (NCCI) latest rate filing for workers' compensation insurance rates, due to become effective next year. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1606 Tue, 23 Oct 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1606 The Florida Office of Insurance Regulation's (Office) Deputy Insurance Commissioner for Life and Health, Mary Beth Senkewicz, is scheduled to speak Oct. 23 at the 2007 Florida Association of Health Plans (FAHP) Annual Conference at the Four Seasons Resort in Palm Beach, Fla. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1605 Fri, 19 Oct 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1605 The Florida Office of Insurance Regulation (Office) today announced that it has issued subpoenas to the following Allstate companies doing business in Florida...Read More http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1603 Tue, 16 Oct 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1603 The Florida Office of Insurance Regulation (Office) today announced that a Leon County Circuit Court Judge has dismissed petitions filed by the Cincinnati Insurance Co. and the Cincinnati Indemnity Co. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1602 Thu, 11 Oct 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1602 The Florida Office of Insurance Regulation (Office) announced today the disapproval of a rate increase filing submitted by United Services Automobile Association (USAA), USAA Casualty Insurance Company and USAA General Indemnity Company. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1601 Mon, 08 Oct 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1601 The Florida Office of Insurance Regulation (Office), in collaboration with the Office of the Attorney General (OAG), today announced that it has reached an agreement with State Farm Florida to reduce rates by an additional 2 percent for its Florida policyholders. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1599 Tue, 02 Oct 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1599 Florida Insurance Commissioner Kevin McCarty today announced that a settlement has been reached with Coventry First LLC (Coventry) regarding an investigation into the company's business practices in Florida. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1598 Mon, 01 Oct 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1598 The Florida Office of Insurance Regulation (Office) today released its 2007 annual report on the medical malpractice insurance market in Florida. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1597 Professional LiabilityFri, 28 Sep 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1597 Florida Insurance Commissioner Kevin McCarty today addressed fellow regulators, congressional leaders, members of the insurance industry and the media as part of the National Association of Insurance Commissioners' (NAIC) Southeast Zone meeting in Mobile, Ala. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1588 Mon, 24 Sep 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1588 The Florida Office of Insurance Regulation announced today that the Florida Health Insurance Advisory Board (Board) will hold a conference call Sept. 25 from 10 a.m. to 1 p.m. to discuss additional business that was not covered during Monday's meeting. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1587 Fri, 21 Sep 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1587 The Florida Financial Services Commission, which is comprised of Gov. Charlie Crist and members of the Cabinet, today adopted a Rule proposed by Insurance Commissioner Kevin McCarty that will protect active duty service members of the U.S. Armed Forces from dishonest and predatory insurance sales practices in Florida. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1586 Wed, 19 Sep 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1586 The Florida Office of Insurance Regulation (Office) will conduct a public hearing on rate filings submitted by The Cincinnati Insurance Company and The Cincinnati Indemnity Company. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1585 Mon, 17 Sep 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1585 The Florida Office of Insurance Regulation announced today that the Florida Health Insurance Advisory Board (Board) will hold a public hearing Monday, Sept. 17 at noon at 401 Senate Office Building, 404 South Monroe Street, Tallahassee. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1596 Fri, 14 Sep 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1596 Florida Insurance Commissioner Kevin McCarty today announced the denial of eight rate filings submitted by insurance companies of The Hartford Financial Services Group. The filings submitted were not actuarially justified and lacked supporting information. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1595 Wed, 12 Sep 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1595 Florida Insurance Commissioner Kevin McCarty along with Alabama Insurance Commissioner Walter Bell will co-host a public hearing to address issues of affordability and availability of property insurance in high-hazard coastal areas of the Southeast. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1594 Wed, 12 Sep 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1594 Florida Insurance Commissioner Kevin McCarty has expanded the Office's review of State Farm Florida Insurance Company, State Farm Florida Fire and Casualty Insurance Company and State Farm Mutual Automobile Insurance Company. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1593 Fri, 07 Sep 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1593 Florida Insurance Commissioner Kevin McCarty today announced a multi-state settlement agreement with United Healthcare Insurance Company and affiliates following a multi-year review of company practices. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1584 Thu, 06 Sep 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1584 Florida Insurance Commissioner Kevin McCarty announced today he has received the latest rate filing for workers' compensation insurance rates due to become effective next year. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1600 Fri, 24 Aug 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1600 Florida Insurance Commissioner Kevin McCarty served subpoenas on several members of the title insurance industry, directing them to appear before a panel of the Office of Insurance Regulation (Office) to discuss matters involving the sales and business practices of title insurance in Florida. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1583 TitleMon, 20 Aug 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1583 The Florida Office of Insurance Regulation (Office) announced today that AMEX Assurance Company and IDS Property Casualty Insurance Company withdrew their filings. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1582 Fri, 17 Aug 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1582 The Florida Office of Insurance Regulation announced today a scheduled public meeting of the Florida Health Insurance Advisory Board to discuss matters surrounding the availability and affordability of health insurance in Florida. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1581 Wed, 15 Aug 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1581 This week, the Florida Office of Insurance Regulation denied the rate requests of three companies for not substantially lowering their property insurance rates pursuant to House Bill 1A. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1580 Tue, 14 Aug 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1580 This week, the Office of Insurance Regulation disapproved Metropolitan Casualty Insurance Company's and Metropolitan Property & Casualty Insurance Company's rate filings because they lacked the legally required signatures of either the Chief Executive Officer or Chief Financial Officer. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1579 Fri, 10 Aug 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1579 Florida Insurance Commissioner Kevin McCarty has postponed the public hearing to be held on Tuesday, August 14, 2007 regarding recent underwriting decisions made by the State Farm companies conducting business in Florida. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1578 Fri, 10 Aug 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1578 The Florida Office of Insurance Regulation (Office) has scheduled public hearings on the "true-up" rate filings submitted by Metropolitan Casualty Insurance Company (Metropolitan Casualty), Hartford Insurance Group (Hartford), IDS Property and Casualty Insurance Company (IDS), AMEX Insurance Company (AMEX), Capitol Preferred Insurance Company (Capitol Preferred), Sentry Mutual Insurance Company (Sentry Mutual), and Owners Insurance Group (Owners). Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1577 Tue, 07 Aug 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1577 Florida Insurance Commissioner Kevin McCarty issued subpoenas to State Farm Florida Insurance Company, State Farm Florida Fire and Casualty Insurance Company and State Farm Mutual Automobile Insurance Company, directing the three Florida subsidiaries to appear in a public hearing in Tallahassee. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1576 Tue, 07 Aug 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1576 The Florida Office of Insurance Regulation today announced the adoption of standards applicable to new and existing long-term care insurance policies under the new Long-Term Care Partnership Program, effective July 29, 2007. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1575 Long Term CareFri, 27 Jul 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1575 Florida Insurance Commissioner Kevin McCarty announced today that the Office of Insurance Regulation is denying Florida Farm Bureau's request to raise its rates by 30.3%. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1574 Fri, 20 Jul 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1574 Florida Insurance Commissioner Kevin McCarty issued a Consent Order today requiring The Chubb Group of companies to refund over $13 million in excess profits to its customers. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1573 Thu, 19 Jul 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1573 The Florida Health Insurance Advisory Board (Board) has scheduled a public meeting to discuss critical issues for the Florida health care insurance market. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1571 Wed, 11 Jul 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1571 Florida Insurance Commissioner Kevin McCarty issued a Cease and Desist Order to Great West Growth, LLC of Minneapolis, Minnesota ordering Great West Growth to cease operating as a viatical settlement provider in Florida. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1570 Fri, 06 Jul 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1570 The Florida Office of Insurance Regulation (Office) has scheduled a public hearing for a rate filing submitted by Florida Farm Bureau Casualty Insurance Company and Florida Farm Bureau General Insurance Company. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1569 Wed, 27 Jun 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1569 Florida Insurance Commissioner Kevin McCarty today announced new staff changes for the Florida Office of Insurance Regulation. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1567 Fri, 22 Jun 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1567 Florida Insurance Commissioner Kevin McCarty issued a Consent Order requiring United Property & Casualty Insurance Company to refund millions of dollars in unapproved homeowners' insurance rate increases. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1566 Fri, 15 Jun 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1566 Florida Insurance Commissioner Kevin McCarty hailed the United States Supreme Court's recent ruling on insurers' use of credit scoring. The litigation involved two national auto insurers, Safeco Insurance Company of America, and GEICO General Insurance Company. The case alleged that insurers used credit reports and took "adverse action" on policyholders without giving proper notice. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1565 AutomobileTue, 12 Jun 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1565 The Florida Office of Insurance Regulation finished a busy week before hurricane season finalizing two applications bringing the total to eight new insurers entering the property and casualty insurance marketplace in Florida since January 1, 2007. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1564 Mon, 04 Jun 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1564 The Office of Insurance Regulation (Office) today issued a final report titled, "Evaluation and Report on the Insurability of Attached and Free Standing Structures." Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1563 Fri, 11 May 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1563 The Florida Office of Insurance Regulation (Office) today issued a Notice and Order to Show Cause to Coventry First LLC alleging violations of the Florida Insurance Code and for "engaging in fraudulent or dishonest practices." Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1562 Thu, 10 May 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1562 The Office of Insurance Regulation (Office) issued an order approving form filings for Citizens Property Insurance Corporation, the state's insurer of last resort. The filings would exclude sinkhole coverage from Citizens’ base policy for all 67 counties. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1561 Wed, 09 May 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1561 The Financial Services Commission (FSC) today took further steps to implement the insurance reforms Governor Charlie Crist has called for and the House and Senate passed into law during the January special session. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1560 Tue, 01 May 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1560 Florida Insurance Commissioner Kevin McCarty urged Floridians to purchase flood insurance to protect their homes. McCarty's warning comes on the eve of the 2007 hurricane season which officially begins June 1. The Commissioner also wants Floridians to be aware that there is a standard 30-day waiting period before coverage takes effect. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1559 Mon, 30 Apr 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1559 Commissioner Kevin McCarty today accepted the resignation of his Communications Director Bob Lotane following allegations of unauthorized use of a state-owned computer by an employee of the Florida Office of Insurance Regulation (Office). http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1558 Thu, 19 Apr 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1558 Florida Insurance Commissioner Kevin McCarty today issued an alert to Floridians to beware of an unauthorized entity that is marketing a Charitable Gift Annuity to Florida consumers by convincing them to replace their existing annuities or cash value life insurance policies. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1557 Fri, 13 Apr 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1557 The Florida Office of Insurance Regulation (Office) has issued a report officially recommending the Home Structure Rating System (HSRS). http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1556 Wed, 04 Apr 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1556 The Florida Office of Insurance Regulation (Office) today issued a report analyzing the insurance industry’s use of occupation and education for the underwriting and rating of auto insurance policies. The report finds the use of these practices unintentionally harms minorities and low-income individuals in determining auto insurance premiums and insurance eligibility. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1555 Mon, 02 Apr 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1555 The Florida Office of Insurance Regulation (Office) has scheduled a public hearing on a rate filing submitted by Nationwide Insurance Company of Florida (Nationwide). Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1554 Fri, 30 Mar 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1554 Florida Insurance Commissioner Kevin McCarty testified today before a subcommittee of the U.S. House of Representatives about methods to address the availability and affordability of insurance for natural disasters. The Subcommittee on Housing and Community Opportunity also examined what, if any, role the federal government should play in insuring against natural disasters. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1553 Tue, 27 Mar 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1553 Insurance Commissioner Kevin McCarty advised Florida’s Chief Financial Officer Alex Sink today that the Office of Insurance Regulation (Office) has determined grounds exist for the initiation of delinquency proceedings against Universal Health Care Insurance Company (UHCIC). http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1552 Fri, 23 Mar 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1552 The Florida Office of Insurance Regulation (Office) today announced it has added a new page to its website that allows Floridians to view adjustments to their premiums based on recent insurer filings. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1551 Thu, 15 Mar 2007 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1551 Florida Insurance Commissioner Kevin McCarty today submitted a report to legislative leaders detailing how life and health insurers are complying with the new law regarding use of lawful past travel or future travel plans in insurance sales. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1550 Fri, 02 Mar 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1550 Florida Insurance Commissioner Kevin McCarty today released the property insurance discounts that insurers are required to pass along to policyholders. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1549 Thu, 01 Mar 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1549 Florida Insurance Commissioner Kevin McCarty will be releasing property insurance discounts insurers are required to pass along to policyholders tomorrow during a press conference in Tallahassee. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1548 Wed, 28 Feb 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1548 Florida Insurance Commissioner Kevin McCarty today signed an order advising residential insurers to make rate filings to include the new discount factor mandated by legislation passed during the recent special session. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1547 Mon, 19 Feb 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1547 Florida Insurance Commissioner Kevin McCarty today approved the first filing with proposed rate cuts in response to the recently enacted insurance reform law. American Strategic Insurance Company (ASI) was approved for a statewide average rate reduction of 11.4 percent to become effective on March 1st for new customers and on May 1, 2007, for renewal business. Read more... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1546 Fri, 16 Feb 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1546 The Florida Office of Insurance Regulation (Office) today announced that it has contracted with a consulting actuary to calculate property insurance rate reductions for Floridians which are required under legislation recently signed into law by Gov. Charlie Crist. Read More http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1545 Wed, 14 Feb 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1545 The National Association of Insurance Commissioners (NAIC) will hold a meeting tomorrow and Friday to explore the creation of a multi-state catastrophe plan. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1544 Wed, 14 Feb 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1544 The Florida Office of Insurance Regulation (Office) has scheduled a public hearing on a rate filing submitted by Liberty American Insurance Company (Liberty American), Liberty American Select Insurance Company (Liberty American Select) and Philadelphia Indemnity Insurance Company (Philadelphia). Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1543 Mon, 12 Feb 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1543 McCarty opened the hearing by asserting, “Florida has an incredibly rich and diverse racial and ethnic mix. Many of our minority or low income residents are beginning to work their way up the economic ladder. We do not want to make that climb tougher by penalizing these citizens due to their place on that ladder.” http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1542 Fri, 09 Feb 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1542 The Office of Insurance Regulation (Office) will hold a public hearing on the use of occupation and education as underwriting factors by insurance companies. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1541 Wed, 07 Feb 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1541 TALLAHASSEE (02/04/2007) Florida Insurance Commissioner Kevin McCarty today reminded Floridians that statutes governing prescription refills are suspended effective February 2, 2007 due to a state of emergency declared because of the tornados which struck central Florida. Therefore, consumers can obtain a 30-day prescription refill, regardless of the date of the most recent refill to provide an adequate supply in the event they have to evacuate their homes. Read more... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1540 Sun, 04 Feb 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1540 TALLAHASSEE (02/03/2007) Florida Insurance Commissioner Kevin McCarty has issued an emergency order prohibiting insurance companies from canceling personal lines insurance policies for victims of Friday night’s tornados in central Florida. The order also prohibits insurers from canceling or non-renewing a policy solely because of claims resulting from the February tornados and extends deadlines for payment of insurance premiums and other required correspondence. Read more... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1539 Sat, 03 Feb 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1539 Florida Insurance Commissioner Kevin McCarty has issued an order rescinding Citizens Property Insurance Corporation’s approved rates that would have become effective January 1, 2007, and further ordered Citizens to rollback rates to December 31, 2006 levels. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1538 Wed, 31 Jan 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1538 The Florida Office of Insurance Regulation (Office) has scheduled an arbitration hearing to review a filing submitted by Homewise Insurance Company (Homewise) in July, 2006. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1537 Thu, 25 Jan 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1537 Gov. Charlie Crist today signed into law a comprehensive insurance reform bill designed to make property insurance more affordable and to provide important consumer protections. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1536 Thu, 25 Jan 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1536 The Florida Office of Insurance Regulation (Office) has scheduled public hearings to review medical malpractice rates at the request of the Florida’s Insurance Consumer Advocate Steve Burgess. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1535 Wed, 24 Jan 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1535 Florida Insurance Commissioner Kevin McCarty today announced the Office of Insurance Regulation (Office) will hold a public hearing on the use of occupation and education as underwriting factors by insurance companies. McCarty said he is concerned that the use of such information, primarily by automobile insurance companies, discriminates against minority policyholders who end up paying higher premiums regardless of their driving records. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1534 Fri, 12 Jan 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1534 Florida Insurance Commissioner Kevin McCarty, today, welcomed a decision by the Division of Administrative Hearings regarding a challenge to the credit scoring rule promulgated by the Office of Insurance Regulation (Office). The rule was filed in March of 2005 and approved by Gov. Bush and the Florida Cabinet. It implements section 626.9741 F.S. which was passed by the Legislature and signed into law in June of 2003. Read more... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1532 Thu, 04 Jan 2007 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1532 Pursuant to Section 627.211(6), Florida Statutes, the Florida Office of Insurance Regulation (Office) today released its annual report to the Legislature evaluating the vitality of the workers’ compensation insurance marketplace in Florida. The report contains an analysis of the availability and affordability of workers’ compensation coverage. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1531 Fri, 29 Dec 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1531 The Florida Office of Insurance Regulation (Office) today approved a revised rate filing submitted by United Services Automobile Association (USAA) and USAA Casualty Insurance Company (USAA Casualty). Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1528 Thu, 21 Dec 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1528 The Florida Office of Insurance Regulation (Office) today approved revised rate filings submitted by Allstate Floridian Insurance Company (Allstate Floridian) and Allstate Floridian Indemnity Company (Allstate Indemnity). Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1527 Tue, 19 Dec 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1527 The Florida Office of Insurance Regulation (Office) today released a market report analyzing Discount Medical Plan Operations (DMPOs) operating in Florida. The report follows last year’s veto of legislation that sought to weaken the Office’s regulatory authority over the DMPO industry. The DMPO industry has indicated it will propose similar legislation in 2007. Read more... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1525 Fri, 15 Dec 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1525 The Florida Office of Insurance Regulation (Office) has scheduled a public hearing on rate filings submitted by Citizens Property Insurance Corporation (Citizens) proposing a decrease in sinkholes rates statewide. The hearing for these rate filings will be held in Pasco County at Spartan Manor, 6121 Massachusetts Avenue, New Port Richey. The hearing will begin at 5:00 p.m. on Monday, December 18, 2006. Read more... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1526 Thu, 14 Dec 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1526 The Florida Office of Insurance Regulation (Office) has scheduled a public hearing on rate filings submitted by Southern Oak Insurance Company. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1524 Tue, 12 Dec 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1524 Tallahassee (November 29, 2006) – The Florida Office of Insurance Regulation (Office) has released its 2006 annual report on the medical malpractice insurance market in Florida. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1523 Wed, 29 Nov 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1523 TALLAHASSEE (11/27/2006) – Florida Insurance Commissioner Kevin McCarty today unveiled a new website that will allow interested parties to submit suggestions to Citizens Property Insurance Corporation (Citizens). The website is intended to run in conjunction with three public hearings Citizens is required to hold around the state. Read more... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1522 Mon, 27 Nov 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1522 TALLAHASSEE (11/22/2006) – Florida Insurance Commissioner Kevin McCarty today approved a $163 million regular assessment filed by Citizens Property Insurance Corporation (Citizens) to cover the deficit in its high risk account for 2005. All assessable property insurers are required to pay the assessment to Citizens within 30 days of receipt of an invoice from Citizens. Read more... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1521 Wed, 22 Nov 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1521 The Florida Office of Insurance Regulation (Office) has scheduled public hearings on rate filings submitted by Foremost Insurance Company, Foremost Property and Casualty Insurance Company, and United Property and Casualty Insurance Company (United). Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1517 Thu, 09 Nov 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1517 The Florida Office of Insurance Regulation (Office) has scheduled public hearings on rate filings submitted by St. Johns Insurance Company (St. Johns), The Hanover American Insurance Company (The Hanover Group), The Hanover Insurance Company (The Hanover Group), and Massachusetts Bay Insurance Company (The Hanover Group). Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1515 Tue, 07 Nov 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1515 The Florida Office of Insurance Regulation held a public hearing today on rate filings submitted by Allstate Floridian Insurance Company (Allstate Floridian) and Allstate Floridian Indemnity Company (Allstate Floridian Indemnity), at The Capitol, in Tallahassee. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1514 Thu, 02 Nov 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1514 TALLAHASSEE (11/2/2006) – Florida Insurance Commissioner Kevin McCarty today announced that he has issued a Notice of Intent to Deny a request by United Services Automobile Association Insurance Company (USAA) to increase residential property insurance rates by a statewide average of 40 percent. Read more... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1513 Thu, 02 Nov 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1513 The Florida Office of Insurance Regulation (Office) has scheduled a public hearing tomorrow on rate filings submitted by Allstate Floridian Insurance Company and Allstate Floridian Indemnity Company. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1511 Wed, 01 Nov 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1511 TALLAHASSEE (10/31/2006) – Florida Insurance Commissioner Kevin McCarty has approved an amended rate filing submitted by the National Council on Compensation Insurance (NCCI). The action will lead to a decrease in workers’ compensation insurance rates by a state wide average of -15.7 percent effective January 1, 2007. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1510 Mon, 30 Oct 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1510 TALLAHASSEE (10/25/2006) – Florida Insurance Commissioner Kevin McCarty today ordered Florida Peninsula Insurance Company (Florida Peninsula) to reduce the rates it has been charging policyholders and to revise its business plan. Florida Peninsula’s book of business contains wind-only property insurance policies that it took out of Citizens Property Insurance Corporation (Citizens). These policies are primarily located in southeast Florida and in the Florida Keys. Read more... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1507 Wed, 25 Oct 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1507 The Florida Office of Insurance Regulation (Office) has scheduled a public hearing on rate filings submitted by Allstate Floridian Insurance Company and Allstate Floridian Indemnity Company. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1506 Mon, 23 Oct 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1506 Florida Insurance Commissioner Kevin McCarty today announced that he has issued a notice of intent to deny a request by Nationwide Insurance Company of Florida (Nationwide) to increase residential property insurance rates by a statewide average of 71.5 percent. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1505 Wed, 18 Oct 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1505 TALLAHASSEE (10/17/2006) – Florida Insurance Commissioner Kevin McCarty today disapproved the recent rate filing submitted by the National Council on Compensation Insurance (NCCI). NCCI’s filing called for a statewide average rate decrease in workers’ compensation insurance rates of 13.3 percent, which was primarily due to a significant drop in claims frequency and a reduction in the cost of claims. Read more... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1504 Tue, 17 Oct 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1504 Florida Insurance Commissioner Kevin McCarty today ordered Citizens Property Insurance Corporation (Citizens) to begin offering residential property insurance coverage to Floridians whose policies had been taken out of Citizens by private insurers but who are being charged unapproved rates. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1503 Wed, 11 Oct 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1503 Joseph A. Boor, FCAS, reserving actuary for the Florida Office of Insurance Regulation, recently presented actuaries attending a casualty loss reserve seminar with a unique discussion on the reserving challenges following catastrophic hurricanes and how to solve them. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1502 Fri, 06 Oct 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1502 The Florida Office of Insurance Regulation has issued Notices of Intent to disapprove recent rate filings from Cincinnati Insurance Companies and Home Pointe Insurance Company. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1501 Tue, 03 Oct 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1501 The Florida Office of Insurance Regulation (Office) has scheduled public hearings on rate filings submitted by Universal Property and Casualty Insurance Company (Universal) and Sunshine State Insurance Company (Sunshine State). Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1500 Mon, 02 Oct 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1500 Florida Insurance Commissioner Kevin McCarty today requested that the Citizens Property Insurance Corporation Board of Directors conduct a nationwide search for a new President to replace current President Bob Ricker, who has announced his resignation. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1499 Fri, 29 Sep 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1499 Florida Insurance Commissioner Kevin McCarty today approved property insurance rate changes filed by Citizens Property Insurance Corporation (Citizens) for Monroe County, Florida. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1498 Fri, 29 Sep 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1498 Florida Insurance Commissioner Kevin McCarty today announced a senior staff change at the Office of Insurance Regulation (Office). Deputy Commissioner for Property and Casualty Insurance Tom Streukens is leaving the Office to take a position at the Florida Workers’ Compensation Insurance Guaranty Association (FWCIGA). Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1497 Thu, 28 Sep 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1497 Florida Insurance Commissioner Kevin McCarty today announced a multi-million dollar settlement with AIG Insurance Company (AIG) to settle charges that the company failed to justify rates or used excessive and unfairly discriminatory rates on coverage required by the federal Terrorism Risk Insurance Act. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1496 Tue, 26 Sep 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1496 Florida Insurance Commissioner Kevin McCarty today announced a public hearing regarding the proposed workers’ compensation insurance rate reduction of 13.3% filed by the National Council on Compensation Insurance, Inc. (NCCI). Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1495 Mon, 25 Sep 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1495 The Florida Office of Insurance Regulation (Office) has scheduled public hearings on rate filings submitted by American Southern Home Insurance Company and Service Insurance Company. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1493 Thu, 21 Sep 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1493 Florida Insurance Commissioner Kevin McCarty has ordered five workers’ compensation insurance carriers to return excessive profits. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1488 Tue, 19 Sep 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1488 The Board of Directors of the Florida Property and Casualty Joint Underwriting Association (PCJUA) today approved a servicing carrier which will begin appointing agents and accepting applications for commercial non-residential insurance coverage for Florida businesses unable to find coverage in the private market. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1492 Fri, 15 Sep 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1492 Florida Insurance Commissioner Kevin McCarty today approved a servicing carrier for the newly formed Florida Property and Casualty Joint Underwriting Association (PCJUA), along with the contract the carrier has signed with the PCJUA Board of Directors. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1491 Fri, 15 Sep 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1491 Florida Insurance Commissioner Kevin McCarty has ordered Trip Assured, Inc. (Trip Assured) and its president Edward M. Johnson to immediately cease all insurance-related activities in Florida. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1494 Wed, 13 Sep 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1494 The Florida Office of Insurance Regulation (Office) has scheduled public hearings on rate filings submitted by Nationwide Insurance Company of Florida, United Services Automobile Association, USAA Casualty Insurance Company, and USAA General Indemnity Company... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1490 Wed, 13 Sep 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1490 Florida Insurance Commissioner Kevin McCarty today testified at the Capitol, in Washington D.C., before the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises of the House Committee on Financial Services... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1489 Wed, 13 Sep 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1489 The Florida Office of Insurance Regulation (Office) has scheduled public hearings on rate filings submitted by Coral Insurance Company, Cincinnati Insurance companies , Home Pointe Insurance Company, and Safeway Property Insurance Company... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1484 Tue, 12 Sep 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1484 The Board of Governors of the new Property and Casualty Joint Underwriting Association (PCJUA) will hold an emergency meeting... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1483 Tue, 12 Sep 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1483 Florida Insurance Commissioner Kevin McCarty today ordered $5.3 million in premium overcharges to be returned to commercial policyholders in the state. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1482 Fri, 08 Sep 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1482 The Florida Office of Insurance Regulation (Office) today finalized its first three examinations of Discount Medical Plan Organizations (DMPO). Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1481 Fri, 08 Sep 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1481 The Florida Office of Insurance Regulation (Office) today adopted a “presumed factor of savings” for modifications made in SB 1980 which passed during the 2006 Legislative Session. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1480 Thu, 07 Sep 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1480 The Office of Insurance Regulation has added some new pages to its website (http://www.floir.com) that may be of interest to consumers, media and industry. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1479 Thu, 07 Sep 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1479 The Florida Office of Insurance Regulation (Office) has scheduled public hearings on rate filings submitted by Companion Property and Casualty Insurance Company, Vanguard Fire and Casualty Company, Omega Insurance Company, and Tower Hill affiliate insurance companies. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1478 Wed, 06 Sep 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1478 The Board of Governors of the new Property and Casualty Joint Underwriting Association (PCJUA) will hold a meeting Wednesday in Tallahassee concerning the activation of the new PCJUA. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1477 Fri, 01 Sep 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1477 Florida Insurance Commissioner Kevin McCarty today announced he has received the latest rate filing for workers’ compensation insurance rates due to become effective next year. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1476 Tue, 29 Aug 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1476 Florida Insurance Commissioner Kevin McCarty today reminded Floridians that statutes governing prescription refills are suspended due to a state of emergency declared because of Tropical Storm Ernesto. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1475 Tue, 29 Aug 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1475 The Florida Office of Insurance Regulation (Office) will hold a public forum on Discount Medical Plans (DMP) this Friday, in Miami. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1473 Thu, 24 Aug 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1473 The Florida Office of Insurance Regulation (Office) has scheduled public hearings on rate filings submitted by First Home Insurance Company, Metropolitan Casualty Insurance Company, Southern Fidelity Insurance Company, and First Community Insurance Company. Hearings for these rate filings will be held at the Capitol Building, in Tallahassee. They will take place in the Cabinet Meeting Room, Lower Level, on August 25, 2006 and on August 31, 2006. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1472 Tue, 22 Aug 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1472 The Florida Office of Insurance Regulation (Office) announced today it will hold a public forum on Discount Medical Plans (DMP) at the Conrad Miami Hotel on August 25th. The forum is being held to solicit input from stakeholders and the public to assess whether the regulation of Discount Medical Plans is meeting its objective of providing a healthy Discount Medical Plan market while also protecting consumers. Findings from the forum will be incorporated into a comprehensive study of the DMP market commissioned by the Office in collaboration with Georgetown University. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1471 Tue, 22 Aug 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1471 Florida Insurance Commissioner Kevin McCarty will testify to the Florida Building Commission next week to urge an end to the panhandle carve-out from the most recent and stricter state building codes. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1470 Fri, 18 Aug 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1470 The first meeting of the Board of Governors of the Property and Casualty Joint Underwriting Association (PCJUA) is scheduled for next Friday, at 10:00 a.m., in Tallahassee. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1469 Fri, 18 Aug 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1469 Florida Insurance Commissioner Kevin McCarty announced today that the requirements to activate a state run commercial insurance unit have been met. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1468 Fri, 18 Aug 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1468 Florida Insurance Commissioner Kevin McCarty today rejected a request by Citizens Property Insurance Corporation (Citizens) to increase rates in Monroe County and ordered it to reduce homeowners insurance rates for the area. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1467 Thu, 17 Aug 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1467 Florida Insurance Commissioner Kevin McCarty today presented a plan to address a commercial insurance crisis facing the state. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1466 Tue, 15 Aug 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1466 Florida Insurance Commissioner Kevin McCarty today announced a public hearing will be held in the Bradenton area to compile testimony on commercial insurance problems faced by Florida businesses. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1464 Mon, 07 Aug 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1464 The public hearing held yesterday, in Tallahassee, for a rate filing made by First Floridian Auto and Home Insurance Company can be viewed on the Florida Office of Insurance Regulation (FLOIR) website. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1463 Fri, 04 Aug 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1463 Florida Insurance Commissioner Kevin McCarty announced today a multi-state settlement concerning the improper sale of insurance and investment products to U.S. military personnel. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1462 Fri, 04 Aug 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1462 The Florida Office of Insurance Regulation has completed a public rate hearing in Key West on a request by Citizens Property Insurance Corporation (Citizens) to increase property insurance rates in Monroe County. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1461 Thu, 03 Aug 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1461 The Florida Office of Insurance Regulation has scheduled a public hearing for August 16 in Gainesville for input from the public concerning a rate filing.... Read More http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1460 Wed, 02 Aug 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1460 Florida Insurance Commissioner Kevin McCarty today presented a draft plan to help Florida businesses that cannot find adequate insurance coverage to protect their commercial property. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1459 Tue, 01 Aug 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1459 The Florida Office of Insurance Regulation has scheduled a public hearing for August 1 in Key West for input from the public concerning Citizens Property Insurance Corporation’s (Citizens) actuarial rate filings for Monroe County. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1458 Tue, 25 Jul 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1458 Florida’s Insurance Commissioner Kevin McCarty today requested that Citizens Property Insurance Corporation (Citizens) revisit its earlier decision to stop writing builders risk insurance policies in Florida. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1457 Thu, 20 Jul 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1457 Florida Insurance Commissioner Kevin McCarty today announced that a public hearing on a rate filing by First Floridian Auto and Home Insurance Company (First Floridian) will be held at 1:00 p.m., August 3rd, in Tallahassee. First Floridian is requesting a statewide aggregate rate increase of 24.2%, which is subject to a public hearing under Section 627.0629(7), Florida Statutes. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1456 Wed, 19 Jul 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1456 On May 13, 2006 State Farm Florida Insurance Company (State Farm) submitted two rate filings requesting a combined effective rate of 79 percent to the Florida Office of Insurance Regulation (Office). The Office informed State Farm that the rate was unsupported and informed the company of its intention to disapprove the filings. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1455 Tue, 18 Jul 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1455 The Florida Office of Insurance Regulation (Office) today announced the completion of a multi-faceted review of title insurance regulation in the state. The Office said it would use the information from the study to begin a full review of title insurance rates charged in Florida. The 2006 Legislature funded both the title insurance study and the review of premiums charged for title insurance and related services. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1454 TitleMon, 17 Jul 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1454 The Florida Office of Insurance Regulation has scheduled a public hearing for August 1 in Key West for input from the public concerning Citizens Property Insurance Corporation’s (Citizens) actuarial rate filings for Monroe County. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1453 Fri, 14 Jul 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1453 Florida Insurance Commissioner Kevin McCarty traveled to Washington D.C. today to consult with Sens. Bill Nelson and Mel Martinez and with two of Florida’s U.S. Representatives on a variety of issues important to the Florida insurance market. Many issues presently before the U.S. Congress would have a significant impact on both state and national insurance markets. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1452 Wed, 12 Jul 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1452 The Florida Office of Insurance Regulation (Office) today announced it will be conducting an on-line survey to gauge the problems businesses in the state are encountering accessing commercial insurance coverage. The Office said it has heard from businesses and policymakers from around the state regarding problems with the availability and cost of commercial insurance coverage. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1451 Wed, 12 Jul 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1451 Florida Insurance Commissioner Kevin McCarty today testified before the Florida Building Commission (FBC) on the need to expand Florida’s tougher building codes to areas of the Panhandle that had been exempted. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1450 Tue, 11 Jul 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1450 Florida Insurance Commissioner Kevin McCarty announced that data from the Florida Public Hurricane Model (FPHM) will be available on the Office of Insurance Regulation’s (Office) website beginning today. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1449 Tue, 11 Jul 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1449 Florida Insurance Commissioner Kevin McCarty will testify at the next meeting of the Florida Building Commission regarding the exemption of the northwest Panhandle from the statewide building codes. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1448 Fri, 07 Jul 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1448 STATEMENT FROM INSURANCE COMMISSIONER KEVIN MCCARTY REGARDING NATIONWIDE INSURANCE COMPANY REQUESTING A STATEWIDE RATE INCREASE OF 71 % http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1447 Thu, 06 Jul 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1447 Florida’s Insurance Commissioner Kevin McCarty today testified to a congressional committee in Washington on the need for a national plan to respond to catastrophic events. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1446 Wed, 28 Jun 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1446 The Florida Office of Insurance Regulation (Office) today launched a website that provides Floridians the ability to compare and search the benefits and premiums for small employer health plans offered in the state. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1445 Mon, 26 Jun 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1445 Legislation to provide new protections for long-term care insurance policyholders was signed into law today by Gov. Jeb Bush. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1444 Long Term CareTue, 20 Jun 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1444 Florida Insurance Commissioner Kevin McCarty approved an emergency order to suspend the operation of certain statutes governing the provision of prescription refills. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1443 Tue, 13 Jun 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1443 Washington, D.C. – On Sunday, Florida Insurance Commissioner Kevin McCarty announced the adoption of a Resolution in Support of a Comprehensive Legislative Solution... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1442 Mon, 12 Jun 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1442 Florida Insurance Commissioner Kevin McCarty has ordered a discount medical plan to immediately cease operations in Florida. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1441 Thu, 01 Jun 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1441 TALLAHASSEE - The officers of two national insurance policymaking groups today announced a collaboration to create a joint national catastrophe plan. Read More... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1440 Wed, 31 May 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1440 TALLAHASSEE – Florida Insurance Commissioner Kevin McCarty today announced passage of a new rule that will prevent insurance companies from unfairly discriminating against people who travel outside the country. Read More http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1439 Wed, 31 May 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1439 Tallahassee - The Florida Office of Insurance Regulation has scheduled rate hearings June 5 in Lake Buena Vista for input from the public concerning rate filings by State Farm Florida Insurance Company... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1438 Tue, 30 May 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1438 TALLAHASSEE – Florida Insurance Commissioner Kevin McCarty took part yesterday in ceremonies to dedicate the newest hurricane house in Ft. Lauderdale... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1436 Fri, 26 May 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1436 Tallahassee - Florida Insurance Commissioner Kevin McCarty today officially notified all insurers operating in the state of stringent new rules regarding the use of credit scores. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1435 Tue, 23 May 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1435 Florida Insurance Commissioner Kevin McCarty today entered an order approving Citizens Property Insurance Corporation’s top 20 filing and actuarial filing with an exception for Monroe County... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1434 Fri, 19 May 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1434 State Farm Florida Insurance Company has filed two property rate requests totaling 71.5 percent... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1433 Tue, 16 May 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1433 Florida Insurance Commissioner Kevin McCarty urged Floridians to purchase flood insurance to protect their homes... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1432 Wed, 10 May 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1432 The Florida Office of Insurance Regulation has scheduled rate hearings May 17 in Jacksonville and May 18 in Orlando for input from the public concerning rate filings by Hanover, Auto-Owners, Amica Mutual and Security First Insurance Companies... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1431 Wed, 10 May 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1431 Tallahassee – Florida Insurance Commissioner Kevin McCarty today announced the Florida Office of Insurance Regulation (Office) has concluded an examination of American Mercury Insurance Company, a homeown... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1430 Mon, 08 May 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1430 ... Tallahassee - Florida lawmakers yesterday approved a monumental senior protection bill that provides marketplace reforms that make Long-Term Care Insurance (LTCI) affordable, available, and marketable. House B... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1429 Long Term CareTue, 02 May 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1429 ...ance Company and United Property and Casualty, which are requesting a statewide average increase of 91.8 percent and 51.1 percent. The requested rates are not uniform and some areas are subject to higher or lower rate changes. ... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1428 Tue, 02 May 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1428 ...nsurance Company of the Midwest, which is requesting a statewide average increase of 21.0 percent for homeowner policies. The requested rate is not uniform and some areas are subject to higher or lower rate changes. The h... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1427 Tue, 02 May 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1427 ...e highest average rate of the top 20 insurance companies as those rates apply to the high risk account (HRA) for Monroe County. Monroe County is the only county subject to a pilot program implemented by legislation last year. Under that p... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1426 Mon, 01 May 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1426 ...urance Regulation posted the 2005 Annual Statements of the three insurance companies in Poe Financial Group on the Office’s website today. “I wanted everyone to see what my financial solvency people saw in evaluating the... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1425 Thu, 27 Apr 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1425 ...rong> Tallahassee – Insurance Commissioner Kevin McCarty praised the effectiveness of the “Affordable Health Care for Floridians Act” passed by the 2004 Florida Legislature, which made Florida the first state to comp... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1424 Mon, 24 Apr 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1424 ...ceivership for purposes of liquidation by Judge Thomas H. Bateman III of the Second Judicial Circuit Court in Leon County and the Florida Department of Financial Services named Receiver. A Florida corporation since January 2003, Exotic... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1423 Mon, 24 Apr 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1423 ...g> - The Florida Office of Insurance Regulation will be conducting rate hearings May 4 in Orlando for input from the public concerning rate filings by St. John Insurance Company, which is requesting a statewide average increase of 35.2 percent for ho... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1422 Fri, 21 Apr 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1422 ...assee - The Florida Office of Insurance Regulation will be conducting a rate hearing May 3 in Tallahassee for input from the public concerning rate filings by Cotton States Mutual Insurance Company of Florida, which is requesting a statewide... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1421 Fri, 21 Apr 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1421 ...ffice of Insurance Regulation released the second part of its report about the Long-Term Care Insurance market in Florida and is continuing to work with the Florida Legislature for passage of bills to protect elderly policyholders from skyrocketing r... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1420 Long Term CareThu, 20 Apr 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1420 ... TALLAHASSEE – Insurance Commissioner Kevin McCarty is contacting property insurers and encouraging the companies to participate in a program that focuses on hurricane loss mitigation at local venues around the... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1419 Wed, 19 Apr 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1419 ...The Florida Office of Insurance Regulation will be conducting rate hearings April 25 in Palm Beach Gardens for input from the public concerning rate filings by Cypress Property and Casualty Insurance Company, which is requesting a statewide average i... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1418 Tue, 18 Apr 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1418 ...> Tallahassee - The Florida Office of Insurance Regulation issued a formal notice today to all insurance companies licensed in Florida, reminding them that the use of approved translated po... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1417 Thu, 13 Apr 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1417 ...strong> - A state financed public hurricane model used by the Office of Insurance Regulation to estimate storm losses came closer to actual losses from Hurricane Wilma than many private hurricane models. Estimates from th... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1416 Wed, 12 Apr 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1416 ... Tallahassee - The Florida Office of Insurance Regulation will be conducting rate hearings April 19 in Davie for input from the public concerning rate filings by Omega Insurance Company, which is requesting a s... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1415 Tue, 11 Apr 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1415 ...rong> Tallahassee- The Senate Health Care Committee unanimously approved a bill Tuesday that protects against large rate increases and assures availability and affordability for senior citizens who purchase long-term... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1414 Wed, 05 Apr 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1414 ...div> Tallahassee – The Office of Insurance Regulation released a report Tuesday on its Disaster Tracking System Reporting database. The Office conducted a review of claims paid by county, for the 2004-2005 hurricane seasons, bas... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1413 Tue, 04 Apr 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1413 ...div> Tallahassee - The Florida Office of Insurance Regulation will conduct a hearing April 12 in Sarasota for input from the public concerning Companion Property and Casualty Insurance Co... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1412 Tue, 04 Apr 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1412 ...roposed statewide average increase of 14.6 percent. The requested rates are not uniform and some areas are subject to higher and lower rate adjustments. The hearings will be Wednesday at noon and 6:00 p.m. at the Signatur... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1411 Tue, 04 Apr 2006 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1411 ...> Tallahassee- The House Insurance Committee unanimously approved a bill Thursday that provides strong protection against large rate increases and assures availability and affordability for senior citizens who purcha... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1410 Fri, 31 Mar 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1410 ... Tallahassee – Florida Insurance Commissioner Kevin McCarty and the Office of Insurance Regulation have reviewed and approved substantive amendments to the plans of operation for Florida Comprehensive Health Association and Flor... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1409 Tue, 28 Mar 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1409 ... Tallahassee – The Florida Senate Banking and Insurance Committee approved legislation that, if signed into law, will help ensure the viability of long-term care insurance in Florida. Senate Bill 229... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1408 Wed, 22 Mar 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1408 .../div> Tallahassee – The Florida Senate Banking and Insurance Committee Tuesday passed the “Freedom to Travel” Bill that, if signed into law, will prohibit unfair discrimination based on a consumer’s past or future lawful travel... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1407 Tue, 21 Mar 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1407 ...> Tallahassee – The Florida Cabinet gave its approval today for the Office of Insurance Regulation to conduct a Public Hearing to allow public input for a rule prohibiting... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1406 Thu, 16 Mar 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1406 ...div> Tallahassee - The Florida Office of Insurance Regulation will conduct public hearings in Davie concerning rate filings by Liberty Mutual Fire Insurance Company and Tower Hill Select Insurance Co... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1405 Fri, 10 Mar 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1405 ... Tallahassee – The Task Force on Long-Term Solutions for Florida’s Insurance Market submitted a report to the Governor and Legislature today detailing the devastating effects two hurricane seasons have had on consumers, the strai... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1404 Fri, 10 Mar 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1404 ...> Tallahassee – Sen. Mike Fasano, R-New Port Richey, and Rep. Frank Farkas, R-St. Petersburg, have filed significant legislation to provide consumer protection, stabilize long-term care insurance rates and e... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1403 Thu, 09 Mar 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1403 ...p>Tallahassee - The Office of Insurance Regulation submitted a report to the Legislature finding that the personal lines residential market is not competitive in Monroe County, thus establishing the legislatively mandated condition n... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1402 Tue, 28 Feb 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1402 ...> - The Florida Office of Insurance Regulation will conduct a public hearing Friday in Tallahassee concerning a filing by Homesite Insurance Company of Florida that proposes a statewide average increase of 21.8 percent. The requested rates are not un... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1401 Mon, 27 Feb 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1401 .../div> Tallahassee - The Office of Insurance Regulation (Office) has released a list of legislative priorities for 2006 that includes creation of a National Catastrophe Insurance Program, prohibition of discrimination in purchasing life insurance... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1400 Fri, 17 Feb 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1400 ...ong> - A Consent Order between Allstate Floridian Indemnity Insurance Company, Allstate Floridian Insurance Company and the Florida Office of Insurance Regulation includes a provision that could trigger refunds for policyholders in Florida. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1399 Thu, 16 Feb 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1399 ...st areas devastated by Katrina, said he is more convinced than ever the nation, not only Florida, needs a National Catastrophe Plan. "People have had their lives turned upside down," said McCarty, who was tourin... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1398 Fri, 10 Feb 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1398 ...hassee - The Florida Office of Insurance Regulation will conduct public hearings in Orlando concerning rate filings by American Strategic Insurance Corporation/ASI Assurance Corporation. American Strategic is proposing a statewide average of 19 perce... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1397 Wed, 08 Feb 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1397 ...-Pursuant to section 627.285, Florida Statutes, the Office of Insurance Regulation contracted for an independent actuarial peer review and analysis of the ratemaking processes of the National Council on Compensation Insurance (NCCI), a licensed ratin... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1395 Wed, 01 Feb 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1395 ...Statutes, the Office of Insurance Regulation (Office) has conducted an analysis on the availability and affordability of workers’ compensation coverage and whether the current market structure, conduct and performance are conducive to competition, ba... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1393 Tue, 31 Jan 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1393 ...ate Bill 1486, passed by the Florida Legislature in 2005, the Office of Insurance Regulation (Office) developed a report concerning Law and Ordinance Coverage, as required in Section 25. The legislation called for the Office to develop a report... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1396 Mon, 30 Jan 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1396 ...Bill 1486, passed by the Florida Legislature in 2005, and as required by section 627.062 (4), Florida Statutes, the Office of Insurance Regulation (Office) has developed a proposed plan on standard rating territories to be used by all authorized prop... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1394 Mon, 30 Jan 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1394 ...of Insurance Regulation will conduct public hearings in Miami and Clearwater concerning rate filings by QBE Insurance Corporation and Citizens Property Insurance Corporation. QBE is proposing a statewide average of 38 percent. Citizens is proposing... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1392 Fri, 20 Jan 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1392 ...ce Regulation has issued a Consent Order requiring 10 AIG Companies to transmit financial data required by statute, to pay administrative fines and costs of more than half a million dollars and to fully comply with Florida Statutes. ... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1391 Thu, 19 Jan 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1391 ...ommissioner is elected or appointed is a decision for the Florida Legislature and Governor. However, it should be noted that Florida already has an elected official, Chief Financial Officer Tom Gallagher, who regulates insurance agents and agencies,... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1390 Thu, 19 Jan 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1390 ...rance Commissioner Kevin McCarty issued a Cease and Desist Order to Employee Benefit Managers, Inc. of America (EBM) ordering it to cease operating as a Multiple-Employer Welfare Arrangement (MEWA) without a Florida certificate of authority. EBM, an... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1389 Wed, 11 Jan 2006 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1389 ...ted fraudulent claims by consumers are driving up the cost of insurance in Florida. This is not an accurate statement and creates anxiety and concern for consumers that continue to struggle after eight devastating hurricanes in two years. ... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1388 Fri, 23 Dec 2005 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1388 .... – Florida Insurance Commissioner Kevin McCarty met with members of the National Black Caucus of State Legislators and the Florida Legislative Delegation Thursday to discuss a guaranteed-issue insurance policy to cover losses from a n... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1387 Fri, 09 Dec 2005 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1387 ...sp; (850) 413-2515 TALLAHASSEE - The National Association of Insurance Commissioners (NAIC) voted to adopt a Resolution supporting a national catastrophe plan that build... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1386 Tue, 06 Dec 2005 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1386 ...Insurance Regulation is pleased to announce that it has approved Aetna Life Insurance Company and Aetna Healthcare product filings to enter the individual major medical insurance market with both PPO and HMO products. This action by Aetna provi... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1385 Tue, 22 Nov 2005 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1385 ...LC, f/k/a Viatical & Elderly Settlement Providers, LLC, f/k/a National Insurance Deposit Exchange, LLC and Ronald John Chancellor of Washington, D.C. ordering VESPERS and Chancellor to cease operating as a viatical settlement provider in Florida.... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1384 Fri, 18 Nov 2005 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1384 ...sp; (850) 413-2515 Cell: (850) 519-5941 &nbs... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1383 Wed, 16 Nov 2005 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1383 ...p; 850-519-5941, Cell SAN FRANCISCO –After a season of devastating hurricanes, four state insurance regulators are meeting Tuesday and Wednesday to de... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1382 Mon, 14 Nov 2005 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1382 ...Florida Insurance Commissioner Kevin McCarty will join insurance commissioners from Illinois, California and New York and the National Association of Insurance Commissioners in San Francisco for a Summit Nov. 15-16 to devise a national catastrophe in... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1381 Wed, 09 Nov 2005 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1381 ...The Florida Office of Insurance Regulation will conduct public hearings in Jacksonville for input concerning a rate filing by Florida Select Insurance Company proposing a 19% average statewide rate increase for dwelling insurance in one program and a... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1380 Tue, 08 Nov 2005 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1380 ...has completed a market conduct exam looking at Citizens Insurance Company’s handling of the high volume of hurricane claim payments during the hurricane season of 2004 and a data validation review was performed to verify the accuracy of the company’s... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1379 Fri, 04 Nov 2005 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1379 ...Insurance Commissioner Kevin McCarty issued an Emergency Order prohibiting insurers from canceling or nonrenewing policies covering commercial or residential property, automobile, health, life, health maintenance organizations and continuing care ret... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1378 Fri, 28 Oct 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1378 ...assee – Florida Insurance Commissioner Kevin McCarty disapproved a workers’ compensation rate filing from National Council on Compensation Insurance (NCCI) and called for a new filing with a larger rate decrease. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1377 Thu, 27 Oct 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1377 ...McCarty has issued an Emergency Order prohibiting insurers from canceling or nonrenewing policies covering dwellings or residential properties damaged by Hurricane Wilma. The order is effective for 90 days after the dama... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1376 Tue, 25 Oct 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1376 ...ong>Tallahassee – Insurance Commissioner Kevin McCarty issued an Emergency Order today extending the suspension regulations limiting payment for prescriptions refills and allows Floridians to refill prescriptions in anticipation of evacuatin... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1375 Thu, 20 Oct 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1375 ...r Kevin McCarty sent a letter to the joint underwriting associations and quasi-governmental insurers in the state requesting them to provide their standards of conduct for directors, officers and senior management for review by the Office of Insuranc... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1374 Tue, 18 Oct 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1374 ...– The Florida Office of Insurance Regulation has issued a Consent Order setting out terms of an agreement reached with Nationwide Insurance Company of Florida to complete a self audit of claims from the 2004 hurricane season, to correct underpayment... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1373 Wed, 12 Oct 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1373 ...has issued Notices of Intent to Disapprove recent rate filings from Allstate Floridian Insurance Company and Allstate Floridian Indemnity Company requesting a statewide average increase of 16.3 percent and 24.4 percent, respectively. &nbs... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1372 Fri, 07 Oct 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1372 ...–The Florida Office of Insurance Regulation has announced panelists scheduled to participate in the scheduled hearing and panel discussion in Tampa concerning the Long-Term Care Insurance (LTCI) market. Ray Spudeck, Seni... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1371 Thu, 06 Oct 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1371 ...fice of Insurance Regulation will conduct public hearings in Stuart and Sarasota for input concerning a proposed 8.6 percent statewide average increase for homeowners insurance filed by State Farm Florida Insurance. The requested rate was not uniform... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1370 Tue, 04 Oct 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1370 ...allahassee – The Florida Office of Insurance Regulation will conduct a public hearing Friday to consider a worker’s compensation rate filing from the National Council on Compensation Insurance, Inc. (NCCI) asking for an overall average decre... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1369 Tue, 04 Oct 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1369 ...g> – The Florida Office of Insurance Regulation has scheduled a public hearing for a proposed 22 percent statewide average increase for homeowners insurance filed by New Hampshire Insurance Company. The requested rate increase was not uniform and som... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1368 Wed, 21 Sep 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1368 ...ith the addition of Louisiana and Washington D.C., the Multi-State Review Program (MSRP) offers life insurance carriers an opportunity to market their annuities products to almost 30 percent of the U.S. annuity market with only one electronic filing.... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1367 Wed, 21 Sep 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1367 ...An Emergency Order issued by Insurance Commissioner Kevin McCarty extends the temporary suspension of the regulations regarding prescription refills and allows for Floridians to refill prescriptions before evacuating parts of the state threatened by... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1366 Wed, 21 Sep 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1366 ...The Florida Office of Insurance Regulation has scheduled a hearing and panel discussion in Tampa to solicit input from consumers, industry representatives and state officials as part of a comprehensive analysis of the Long-Term Care Insurance (LTCI)... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1365 Tue, 20 Sep 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1365 ...e Commissioners of several large states will convene a summit November 15 and November 16 to develop a National Catastrophe Insurance Program, which would more effectively spread insurance risk and help survivors cope with the tremendous financial da... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1364 Mon, 19 Sep 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1364 ...) and Sirius International Insurance Corporation have agreed to cease and desist from issuing health insurance coverage to Florida residents. As part of the Consent Order issued by the Office of Insurance Regulation, the companies agree to pay admini... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1363 Mon, 12 Sep 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1363 ...he Florida Office of Insurance Regulation has scheduled a public hearing to get input or solicit input from interested parties concerning a 20 percent average statewide rate increase request for dwelling fire insurance filed by Auto-Owners Insurance... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1362 Fri, 09 Sep 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1362 ...Tallahassee – Florida Insurance Commissioner Kevin McCarty said with the specter of projected hurricane losses from Hurricane Katrina topping $25 billion, he is intensifying his support for creating a national catastrophe fund and a federal... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1361 Tue, 06 Sep 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1361 ...For the third consecutive year, the Florida Office of Insurance Regulation (Office) has received a workers’ compensation rate filing from the National Council on Compensation Insurance, Inc. (NCCI) asking for a rate decrease. ... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1360 Wed, 31 Aug 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1360 ... Tallahassee – Due to the extensive flooding and damage from Hurricane Katrina in south Florida, the Office of Insurance Regulation has cancelled tomorrow’s Long-Term Care Insurance hearing plan... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1359 Tue, 30 Aug 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1359 ...With the threat of another hurricane moving through Florida, Insurance Commissioner Kevin McCarty ordered health maintenance organizations (HMOs) and health insurers in Florida to temporarily suspend their regulations regarding prescription refills. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1358 Thu, 25 Aug 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1358 ...With the imminent threat of Tropical Storm Katrina and the Governor’s recent Executive Order #05-176 declaring a state of emergency for many Florida counties, the Florida Office of Insurance Regulation has cancelled tomorrow’s public hearing about th... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1357 Thu, 25 Aug 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1357 ...>Tallahassee – With the release of a report highlighting the need for protection against skyrocketing Long-Term Care costs, the Florida Office of Insurance Regulation announces two public hearings to solicit input from consumers, ind... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1356 Thu, 18 Aug 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1356 ...ssee – More than $74 million has been paid by insurers for damage claims received through the second week of Hurricane Dennis reporting and early numbers show more than 75 percent of losses are in Santa Rosa, Okaloosa and Escambia counties. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1355 Tue, 09 Aug 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1355 ...Tallahassee – The Florida Office of Insurance Regulation received initial claims reports from insurers showing that at the end of the first week of reporting, insurance claims resulting from Hurricane Dennis total 46,394 statewide. To date,... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1354 Tue, 02 Aug 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1354 ...Tallahassee – Florida Insurance Regulation Commissioner Kevin McCarty issued an Immediate Final Order to Global Property & Casualty, Inc., Global Property & Casualty, Inc. and A. Weintraub to immediately cease operations in Flo... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1353 Tue, 02 Aug 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1353 ...div> Tallahassee – The Florida Office of Insurance Regulation has scheduled public hearings for proposed homeowners insurance rate increases filed by Allstate Floridian and Allstate Floridian Indemnity Insurance companies and Fl... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1352 Fri, 22 Jul 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1352 ...in London in the last two weeks reiterate the need for a federal terrorism backstop. The Florida Office of Insurance Regulation joins the National Association of Insurance Commissioners and the National Council of Insurance Legislators in supporting... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1351 Thu, 21 Jul 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1351 ...strong> Tallahassee – Insurance Commissioner Kevin McCarty has issued an Emergency Order prohibiting insurers from cancelling or non renewing policies covering dwellings or residential properties damaged by Hurricane Denni... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1350 Tue, 19 Jul 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1350 ...nbsp; Tallahassee – Florida Insurance Commissioner Kevin McCarty accepted the surrender of Wm. Page & Associates, d/b/a The Lifeline Program, viatical settlement provider license. Upon the company’s surrender, the Comm... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1349 Mon, 11 Jul 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1349 ...ati Insurance Company requesting an average statewide rate increase of 36.7%. The company may request an administrative hearing, arbitration or modify its current filing. The company offices are located in Fairfield... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1348 Fri, 01 Jul 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1348 ...strong>Tallahassee – Florida Insurance Regulation Commissioner Kevin McCarty announced a proposed 28% rate filing by Allstate Floridian Insurance Company will be submitted to the Office in July. The filing, being... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1347 Thu, 23 Jun 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1347 ...ong>Tallahassee – The Florida Office of Insurance Regulation has announced a public hearing regarding a proposed rate increase filed by Cincinnati Indemnity Company and Cincinnati Insurance Company. The rate filing is for Cincinnati’s Homeow... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1346 Wed, 08 Jun 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1346 ... Tallahassee – Florida Insurance Regulation Commissioner Kevin M. McCarty issued cease and desist orders to companies in Hartford, Connecticut, Suwanee, Georgia, Port Vila, Vanuatu, South Pacific, and Auckland, New Z... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1345 Mon, 06 Jun 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1345 ...a Office of Insurance Regulation has joined the ever-increasing tide of regulatory bodies seeking answers from American International Group, Inc. (AIG). AIG operates 43 licensed insurance entities in the State of Florida. The... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1344 Thu, 19 May 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1344 ...trong> – The Florida Office of Insurance Regulation (Office) has begun a comprehensive analysis of the Long Term Care insurance market. The project will include at least two public hearings to solicit input from those who may be affected by changes i... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1343 Mon, 09 May 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1343 ...see – The Florida Office of Insurance Regulation has announced public hearings regarding a proposed rate increase filed by Service Insurance Company. The rate filing is for Service’s Mobile Homeowners Insurance Program. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1342 Mon, 02 May 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1342 ...trong> Tallahassee – Florida Insurance Regulation Commissioner Kevin McCarty announced new staff changes in the Florida Office of Insurance Regulation effective May 1, 2005 with sev... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1341 Thu, 28 Apr 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1341 ...strong>--- House Bill 1065 and Senate Bill 1662 which strengthen Florida’s laws on unauthorized insurance entities is now on its way to the Governor’s desk for his signature. The bill authorizes the Office of I... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1340 Wed, 27 Apr 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1340 ...> The permits were issued to Seaside Property Insurance Company, First Home Insurance Company and Florida Peninsula Insurance Company. A permit allows a company to raise the necessary funds to write future homeowner business and apply for a Cert... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1339 Mon, 25 Apr 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1339 ...- Florida Insurance Regulation Commissioner Kevin McCarty issued investigative subpoenas this week requesting information related to finite reinsurance activities in the insurance industry. Finite reinsurance is a form o... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1338 Wed, 20 Apr 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1338 ... – Florida Insurance Regulation Commissioner Kevin McCarty today announced that the Florida Office of Insurance Regulation (Office) is initiating a rule change that will require domestic insurance companies to make additional disclosures and... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1337 Thu, 14 Apr 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1337 ...ahassee – Florida Insurance Regulation Commissioner Kevin McCarty issued an immediate final order to a Graham, Washington company to immediately cease operations in Florida. The Global Healing Society has been selling auto bonds as a substit... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1336 Mon, 11 Apr 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1336 ...ong> Tallahassee – The Florida State University College of Business, Department of Risk Management and Insurance, under the direction of the Florida Office of Insurance Regulation (Office), has prepared a report addr... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1335 Tue, 05 Apr 2005 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1335 ...see – Florida Insurance Regulation Commissioner Kevin McCarty issued a consent order revoking the license of viatical settlement company, Mutual Benefits Corporation, for violations of Florida and federal laws involving securities violations... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1334 Thu, 31 Mar 2005 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1334 ...ce of Insurance Regulation (OIR) issued a comprehensive analysis of the post-2004 hurricane season property marketplace contrasting it with the post-Hurricane Andrew market. “The Property Insurance Market in Florida 2004:... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1333 Thu, 31 Mar 2005 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1333 ...> Tallahassee – Momentum continues for the new multiple state insurance filing review project, Fast Track. Georgia Insurance Commissioner John Oxendine signed onto the Fast Track program at the National Asso... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1332 Mon, 14 Mar 2005 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1332 ...Carty today announced that 91 insurance companies were assessed fines totaling more than $1.1 million for filing late affidavits stemming from Tropical Storm Bonnie and Hurricanes Charley, Frances, Ivan and Jeanne. “These... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1331 Mon, 14 Feb 2005 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1331 ...Florida Office of Insurance Regulation issued a memorandum to insurance companies requesting they delay from filing rate increases until after the Florida legislative session. “I’m refraining from utilizing the authority... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1330 Wed, 09 Feb 2005 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1330 ...ida Office of Insurance Regulation today issued a permit to Security First Insurance Company who has applied for a Certificate of Authority to write homeowners policies in the state of Florida. The permit approval allows... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1329 Wed, 09 Feb 2005 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1329 ...rding a proposed rate increase filed by Nationwide Insurance Company of Florida. The rate filing is for Nationwide’s Mobile Homeowners Insurance Program. Nationwide’s filing requests an average statewide rate increase of... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1328 Fri, 04 Feb 2005 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1328 ...ion has announced public hearings regarding a proposed rate increase filed by Nationwide Insurance Company of Florida. The rate filing is for Nationwide’s Homeowners Insurance Program. Discussion will also be held on Nationwide’s homeowner policy sur... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1327 Fri, 04 Feb 2005 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1327 ...warded its most prestigious national honor to Rich Robleto, of the Florida Office of Insurance Regulation, at its winter meetings this week in New Orleans, LA. Robleto serves as Director of Life and Health Product Review, providing oversight to... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1325 Tue, 07 Dec 2004 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1325 ...nbsp; 850/ 528-2868 Tallahassee – The Florida Office of Insurance Regulation (Office), today, issued an order to the Citizens Property Insurance Corporation (Citizens) to conduct a review of i... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1324 Thu, 18 Nov 2004 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1324 ...d beginning next year. The rates will decline by a statewide average of 5.1% and by almost nine percent for contractors. The rate cut follows a 14% reduction in October 2003. “This will be welcome news for Flo... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1323 Mon, 15 Nov 2004 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1323 ...on rate filing because the decrease in rates was not enough. McCarty ordered the National Council on Compensation Insurance (NCCI) to re-file rates that reflect a larger rate decrease. McCarty said that while NCCI does fine work, “I... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1322 Wed, 27 Oct 2004 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1322 ...iple state insurance filing review project - as Nevada has joined the effort. Nevada Insurance Commissioner Alice Molasky-Arman signed onto the Fast Track program at the just concluded National Association of Insurance Commissioners’ meeting, in Anch... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1321 Wed, 22 Sep 2004 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1321 ...e state of Florida, Kevin McCarty, has ordered the state’s health insurance companies and Health Maintenance Organizations (HMO) to temporarily suspend their regulations regarding prescription refills. McCarty’s order, issued today, is in response to... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1292 Fri, 10 Sep 2004 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1292 ...de the same temporary relief for those affected by Hurricane Frances as was ordered for the victims of Hurricane Charley. McCarty’s order disallows the cancellation or non-renewal of insurance policies and also requires insurers to report on market a... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1291 Thu, 09 Sep 2004 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1291 ...ers who write workers’ compensation coverage in the state. The filing calls for an overall rate reduction of 2.3 percent. This follows last year’s rate decrease of 14 percent which followed the significant reforms made to the workers’ compensation sy... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1290 Thu, 26 Aug 2004 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1290 ...to ease differing regulatory mandates became reality today, as simultaneous approval was given to an annuity form by three states. The filing, from the New England Life Insurance Company, received approval by Florida, Texas and California, the three... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1289 Mon, 28 Jun 2004 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1289 ...T (305) 577-1099 OR http://www.mbcreceiver.com. TALLAHASSEE- Federal and state regulators today stepped in to shut down and suspend the license of the nation’s largest viatical settlement company, Mutual Benefits Corporation, for violations o... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1320 Wed, 05 May 2004 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1320 ...ncel its home health care policies, in addition to its request for a 211.6% rate increase. Conseco Senior Health Insurance Company (Conseco Senior) made the request, which is permitted under Florida law, subject to Office approval. The request was ma... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1319 Tue, 20 Apr 2004 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1319 ...ior Health Insurance Company, pursuant to Section 627.9407, Florida Statutes, and Rule 69O-157.005, Florida Administrative Code, regarding its home health care policies issued in Florida. Interested parties who would like to participate in the he... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1318 Wed, 03 Mar 2004 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1318 ...ing that it will not be renewing the policies of its individual health customers, the state’s chief insurance regulator is cautioning the affected consumers to be aware of their options. Director of the Florida Office of Insurance Regulation,... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1317 Wed, 07 Jan 2004 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1317 ...da. Global Bonding has been soliciting customers for the purchase of contractor surety bonds and has been issuing construction performance bonds and bid bonds. Global is unlicensed and unauthorized to transact surety business in Florida. The... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1286 Tue, 23 Dec 2003 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1286 ...perations, in Florida, and a licensed agent has been ordered to cease business related to the two entities. Warranty Gold, Ltd. (Warranty), of Austin, Texas, has been found to be marketing motor vehicle service agreements without a license an... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1285 Tue, 25 Nov 2003 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1285 ...eform - Tallahassee (11/10/2003) – The Florida Office of Insurance Regulation (Office) has released the presumed factor, which medical malpractice insurers must use in setting new rates. The Office announced that the presumed factor is a negat... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1316 Mon, 10 Nov 2003 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1316 ...ce) has scheduled a press availability on Monday, November 10, 2003. It will be held at the J. Edwin Larson Building, at 1:00 P.M., in room 116. The Office will be releasing the “presumed factor” on Monday morning. The presumed factor is the... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1315 Fri, 07 Nov 2003 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1315 ...Regulation announced today that two new companies have been given the green light to enter the state’s medical malpractice insurance market. Healthcare Underwriters Insurance Group of Florida and Pediatricians Insurance Risk Retention Group of Ameri... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1314 Wed, 22 Oct 2003 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1314 ...mpany to stop selling unauthorized insurance in the state, and a Venice agent is facing revocation of his license for selling the bogus coverage. In an Immediate Final Order issued by Office of Insurance Regulation Director Kevin McCarty, Nor... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1313 Thu, 16 Oct 2003 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1313 ...lerting policyholders of a misleading letter issued by an insurance company and has ordered the company to cease using the letter and correct any harm to policyholders. The Life and Health Insurance Company of America (Life and Health) is sending the... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1312 Fri, 12 Sep 2003 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1312 ...lorida Office of Insurance Regulation announce the 2003 Florida Health Insurance Symposium. The event is scheduled for September 22nd and 23rd at the Biltmore Hotel, 1200 Anastasia Avenue, in Coral Gables, Florida. Florida’s Chief Financial O... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1311 Wed, 10 Sep 2003 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1311 ...ical settlement provider to immediately cease transacting business. Resource Funding Group (RFG) is incorporated in Georgia, but operates out of Sarasota, Florida. The entity has been engaging in substantial viatical settlement business without autho... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1310 Tue, 09 Sep 2003 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1310 ...ts that sought to exclude mold damage resulting from a covered peril. State Farm Florida Insurance Company (State Farm) also sought to limit the amount of separate mold coverage that could have been purchased to a maximum of $50,000. The OIR... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1309 Thu, 04 Sep 2003 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1309 ...some compensation to investors who were victimized by the former Future First Financial Group, Inc., of Ponte Vedra. Judge J. Michael Traynor, acting for the Seventh Circuit Court, in St. Johns County, approved a purchase and sale agreement that coul... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1308 Tue, 19 Aug 2003 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1308 ...y, that it has approved the revised workers’ compensation rates filed by the National Council on Compensation Insurance. Last month’s filing was in response to an order by OIR Director Kevin McCarty, calling for a rate revision reflecting the impact... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1307 Tue, 12 Aug 2003 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1307 ...a Office of Insurance Regulation suspend the license of an insurance company that refused to comply with a regulatory order. William F. Quattlebaum, acting for the Division of Administrative Hearings (DOAH), recommended that Superior Insurance Compan... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1306 Thu, 07 Aug 2003 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1306 ...mediately cease any viatical insurance business. The order named nine affiliated entities or persons (see attached), including Fewkes Management, of Jupiter, Florida, which must cease any and all viatical insurance operations in and from Florida. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1305 Thu, 31 Jul 2003 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1305 ...filed with his office that will lower the costs of coverage for Florida’s employers. McCarty’s order follows the signing of Senate Bill 50-A by Governor Jeb Bush. The bill implements reforms to many areas of Florida’s workers’ compensation system. http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1304 Wed, 16 Jul 2003 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1304 ...ade oversight Tallahassee - The Florida Office of Insurance Regulation has ordered the Native Assurance Company, Inc., of Hollywood and Boca Raton, to stop transacting insurance business in the state. Additionally, the Office has ordered Nativ... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1303 Mon, 30 Jun 2003 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1303 ...marketing of bogus medical malpractice liability insurance. First Actual American Insurance Company has been marketing medical malpractice insurance by faxing sales materials to doctors throughout the state. First Actual American Insurance C... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1302 Mon, 30 Jun 2003 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1302 ...e filed by MeritPlan Insurance Company. The rate filing is for MeritPlan’s Homeowner’s Insurance Program. MeritPlan’s filing requests an average statewide rate increase of 43.9%. The average rate change varies by county. A list of average, co... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1301 Mon, 23 Jun 2003 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1301 ...ent to disapprove the company’s recently filed Mobile Homeowner insurance rate increase. Commenting on the action, OIR Director Kevin McCarty said, “We have carefully reviewed the data and material State Farm Florida had submitted to support... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1300 Tue, 17 Jun 2003 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1300 ...Cotton States Mutual Insurance Company. The rate filing is for Cotton States’ Homeowners Insurance Program. Cotton States’ filing requests an average statewide rate increase of 32.5%. The average rate change varies by county. A list of averag... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1299 Mon, 02 Jun 2003 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1299 ...surance Regulation (OIR) today ordered three entities to immediately stop sales and marketing of bogus insurance products. For more than a year, the Department of Financial Services has been conducting a public education campaign urging consu... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1298 Fri, 23 May 2003 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1298 ...Insurance Company. The rate filing is for State Farm Florida’s Manufactured Home Program, which insures mobile homes in Florida. State Farm Florida’s filing requests an average statewide rate increase of 57.8%. The average rate change varies... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1297 Tue, 13 May 2003 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1297 ...Lifeline Program, of Ft. Lauderdale, regarding an Administrative Complaint alleging multiple violations of the Florida Insurance Code. Wm. Page and Associates is a licensed viatical settlement provider and is charged with imposing improper fees and p... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1296 Thu, 08 May 2003 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1296 ...new addition to the list of companies offering health insurance in Florida. Humana Health Insurance Company, of Florida, will offer an individual major medical plan, called HumanaOne, beginning in June. HumanaOne is a PPO plan designed for i... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1295 Mon, 07 Apr 2003 04:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1295 ...urance Regulation wants to alert these troops and their families that their health and disability income policies will not be affected. Florida law requires the continuation of health insurance and disability income coverage following call-up... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1294 Thu, 03 Apr 2003 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1294 ...ing worthless medical malpractice insurance to health care professionals in Florida. An Immediate Final Order was issued against Bermuda-based Professional Liability Insurance Company, Ltd. (PLIC), PLIC Claims Management, Inc., UNIMED, Medical... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1293 Thu, 27 Mar 2003 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1293 ...were found guilty of approximately 47 federal counts of fraudulent activities. A jury found Stephen Keller, Chief Executive, and Grant Sutherlin, Vice President of Sales, guilty of fraud, conspiracy, and money laundering. Keith Drach, Lexingto... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1288 Fri, 21 Mar 2003 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1288 ...Office of Insurance Regulation, announced today that workers’ compensation premiums are expected to rise by an average of 13.7 percent statewide beginning April 1, 2003. “The Office of Insurance Regulation is sensitive to the impact that rate... http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1287 Tue, 11 Feb 2003 05:00:00 GMT http://www.floir.com/pressreleases/ViewMediaRelease.aspx?ID=1287