Florida Insurance Council - Covering Florida Since 1962
MEDIA ADVISORY For Immediate Release: April 19, 2020 Contact: Governor’s Press Office, (850) 717-9282 / Media@eog.myflorida.com Governor Ron DeSantis to Hold Re-Open Florida Task Force Meeting Tallahassee, Fla. – Governor Ron DeSantis’ Re-Open Florida Task Force will hold an organizational and informational meeting via conference call April 20th regarding re-opening Florida’s economy. Meeting agendas will…
WASHINGTON (April 16, 2020) – The NAIC’s Statutory Accounting Principles (E) Working Group adopted three interpretations related to COVID-19 on April 15. The statutory accounting exceptions allows insurance reporting entities to respond to policyholder needs for premium payment delays and address mortgage loan modification or forbearance requests, while mitigating insurance reporting entity concerns on the…
For Immediate Release: Friday, April 17, 2020 Contact: Office of Communications, Communications@MyFloridaCFO.com, 850.413.2842 CFO Patronis Deploys Safeguard for Employing Insurance Agents During COVID-19 Crisis TALLAHASSEE, Fla. – Today, Florida Chief Financial Officer (CFO) Jimmy Patronis issued a directive that provides the Division of Agent and Agency Services with the ability to begin processing insurance agent…
FLORIDA DEPARTMENT OF FINANCIAL SERVICES OFFICE OF THE CHIEF FINANCIAL OFFICER CHIEF FINANCIAL OFFICER DIRECTIVE 2020-06 WHEREAS, Novel Coronavirus Disease 2019 (COVID-19) is a severe acute respiratory illness that can spread among humans; and WHEREAS, on March 1, 2020, the State Surgeon General and State Health Officer declared a Public Health Emergency exists in the…
TO: All Senators FROM: Bill Galvano SUBJECT: Fiscal Updates Related to COVID 19 DATE: April 16, 2020 Yesterday you received an updated Florida Senate COVID-19 Constituent Resources Guide, a catalogue of services available to constituents, businesses, and communities impacted by COVID-19. While our first priority during this unprecedented public health emergency is serving our constituents,…
NAIC: The Regulators: Season 2 Episode 4 COVID-19 and Insurance Regulation with NAIC President and South Carolina’s Director Ray Farmer On this month’s episode of The Regulators podcast, South Carolina Insurance Director Ray Farmer speaks to NAIC CEO and host Mike Consedine on how state insurance departments are adjusting, including how they’re helping consumers, learning…
NAIC Releases 2019 Annual Report The National Association of Insurance Commissioners (NAIC) today released its 2019 Annual Report. In 2019, the organization continued to make great strides on delivering on the policy priorities set by our members, our cultural and operational transformation and advance the work of the state-regulatory system. The Annual Report highlights many…
By NCCI Insights May 20, 2020 NCCI has received numerous questions in the last few weeks regarding COVID-19 and the impact it may have on the workers compensation industry. These frequently asked questions (FAQs) are intended to be the start of a series of responses that will address questions NCCI receives. Please review NCCI’s Basic…
OIR Updates Reporting Information for AOB, QUASR, P&C Experience, Professional Liability, Gross Annual Premium, Health, & Private Passenger Auto Announcements: Due to the COVID-19 Public Health Emergency, please be advised that the deadline to report claims data for the Assignment of Benefits (AOB) Data Call has been extended until June 1, 2020. OIR is also…
By: Greenberg Traurig Attached are draft copies of the 2020 Catastrophe Reporting Form templates from the OIR. They are soliciting feedback from the industry on this. There are two templates, a “simple” version which would be used in the weeks following a CAT event and an “enhanced” version for the months following a CAT. They…