Florida Insurance Digest

News

The Office of Insurance Regulation released the final agenda for the 2012 Industry Conference, “Successful Strategies for Business Development,” scheduled for June 14, 2012 from 8a-4p. The agenda is available here.

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Governor Scott and Jacksonville Sheriff Rutherford Featured in Ad Touting PIP Reform; see the ad here.

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Twenty-two Insurance Departments have joined a settlement agreement with MetLife to reach the required threshold; the agreement follows a multi-state investigation through NAIC. The $40m settlement was announced in April, after an examination of MetLife’s use of the Social Security Death Master List to investigate the payment of life insurance benefits and reporting of unclaimed property. See the press release from NAIC here.

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Insurance-Related Notices from the May 11, 2012 Florida Administrative Weekly may be found here.

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The Office of Insurance Regulation published a memorandum to workers’ compensation insurers regarding the changes due to House Bill 941; see the memo here.

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AHCA publishes a memorandum regarding the passage of HB 119 and the associated “glitch” for provider licensing; see the memo here.

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Notice of Public Rate Hearing for Olympus Insurance Company regarding the proposed rate increase for its dwelling fire line of insurance is scheduled for May 7, 2012, at 1pm; see the notice here.

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Governor Scott Signed HB-119 relating to motor vehicle personal injury protection insurance; see the transmittal letter here. The Office of Insurance Regulation also issued an Information Memorandum to assist insurers with the filings necessary to implement the notice requirements; the memo is available here.

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Insurance-Related Notices from the May 4, 2012 Florida Administrative Weekly may be found here.

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Insurance-Related Notices from the April 27, 2012 Florida Administrative Weekly may be found here.

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Florida Announces a $40 Million Multi-Agency Agreement with MetLife Insurance Companies Which Could Return Over $500 Million to Consumers; see the press release from the Office of Insurance Regulation here.

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The Florida Department of Financial Services, Division of Agent & Agency Services, provided Notice of Proposed Rulemaking for Rule Chapter 69B-213, Florida Administrative Code; see the notice here.

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The Florida Hurricane Catastrophe Fund Advisory Council noticed a meeting for May 10, 2012, at 1:30pm to discuss the May claims-paying capacity estimates and other general business; persons wishing to appear by telephone may do so at (888) 808-6959, conference code 4765251363.

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NIMA, Inc., Enters into Agreement with the Florida Surplus Lines Service Office (FSLSO) as Clearinghouse Provider; see a copy of the press release here.

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Insurance-Related Notices from the April 13, 2012 Florida Administrative Weekly may be found here.

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