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HTMLFinancial Services Roundtable Requests Federal Insurance Office Withdrawal of Proposed Auto Insurance Affordability Definition; 50 Consumer Groups Disagree
Colodny Fass P.A.;
Legal Alert/Article
September 3, 2015, previously published on September 3, 2015
In an August 31, 2015 letter, the Financial Services Roundtable ("FSR") requested the Federal Insurance Office ("FIO") to withdraw its proposal to calculate a new auto affordability index, explaining that the FIO proposal fails to recognize key factors that drive insurance...

 

HTMLNAIC Report: 2015 Summer National Meeting
Eric A. Arnold, B. Scott Burton, Eric R. Fenichel, Ling Ling, John S. Pruitt; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
September 3, 2015, previously published on September 2, 2015
The National Association of Insurance Commissioners (NAIC) held its 2015 Summer National Meeting from August 13 through August 18 in Chicago, Illinois. The meeting was notable for the number of new insurance commissioners (nine since the Spring meeting). As is often the case with mid-year meetings,...

 

HTMLLicense Suspension for Uninsured Motorists as a Result of Property Damage to Your Utility
Amanda R. Yurechko; Weltman, Weinberg & Reis Co., L.P.A.;
Legal Alert/Article
September 1, 2015, previously published on August 28, 2015
When your utility suffers property damage as a result of the negligence of a driver who is uninsured, recovery of your damages may seem unlikely. A high number of uninsured drivers claim they cannot afford the premiums for motor vehicle insurance, and opt instead to risk it. These drivers may be...

 

HTMLFlorida Hurricane Catastrophe Fund 2016-2017 Reimbursement Contract Rule Development Workshop Scheduled for September 15, 2015
Colodny Fass P.A.;
Legal Alert/Article
September 1, 2015, previously published on August 31, 2015
A Rule Development Workshop has been scheduled for September 15, 2015 to discuss proposed amendments to Rule 19-8.010, F.A.C. relating to the Florida Hurricane Catastrophe Fund Reimbursement Contract requirements for the 2016-2017 Contract Year.

 

HTMLNAIC's Casualty Actuarial and Statistical Task Force Extends Price Optimization White Paper Comment Deadline to September 14, 2015
G. Donovan Brown; Colodny Fass, P.A.;
Legal Alert/Article
September 1, 2015, previously published on August 28, 2015
The deadline to submit comments on the National Association of Insurance Commissioners' ("NAIC's") Price Optimization White Paper Draft ("White Paper") has been extended to September 14, 2015, the NAIC's Casualty Actuarial and Statistical Task Force ("Task Force")...

 

HTMLLouisiana Department of Insurance Cautions Senior Citizens of Unlicensed Company Selling Dental Products
Colodny Fass P.A.;
Legal Alert/Article
August 28, 2015, previously published on August 27, 2015
Louisiana senior citizens are being warned to be on the lookout for a company called Dental2U that is unlicensed to sell dental insurance in the state.

 

HTMLCalifornia Supreme Court Upholds Limited Right of Carrier to Seek Recovery of Unreasonable Fees Directly from Insured’s Independent Counsel
Anet M. Castro, John H. Podesta, Julie E. Van Wert; Wilson Elser Moskowitz Edelman & Dicker LLP;
Legal Alert/Article
August 27, 2015, previously published on August 27, 2015
On August 10, 2015, in Hartford Casualty Insurance Company v. J.R. Marketing, LLC, et al., the California Supreme Court held that in some circumstances insurers may seek reimbursement of payments made to the insured's independent Cumis counsel, legal counsel chosen by the insured when the insurer...

 

Adobe PDFCalifornia Supreme Court Rules that Insurers Must Honor Post-Loss Assignment of Rights Under Liability Policies
Payne Fears LLP;
Legal Alert/Article
August 26, 2015, previously published on August 2015
In an opinion that will likely have a major impact on mergers and acquisitions, the California Supreme Court ruled that an insurance carrier may not use a "consentto-assign" clause to deny coverage for injuries or damage that occurred before the insured assigned its rights to coverage...

 

HTMLSpike In Southeast Florida Water Damage Claims Reminiscent of Sinkhole Challenges, Citizens Property Insurance CEO Tells Florida Office of Insurance Regulation
Colodny Fass P.A.;
Legal Alert/Article
August 26, 2015, previously published on August 25, 2015
The Florida Office of Insurance Regulation ("OIR") held a public hearing today, August 25, 2015, to discuss Citizens Property Insurance Corporation's ("Citizens") proposed rate changes for its Coastal Account ("CA"), Commercial Lines Account ("CLA") and...

 

HTMLAlabama Insurance Department Adopts Various Regulations; Most Become Effective January 1, 2016
Colodny Fass P.A.;
Legal Alert/Article
August 26, 2015, previously published on August 26, 2015
Revisions to a number of insurance-related regulations have been adopted by the Alabama Department of Insurance ("ALDOI"), the agency announced on August 21, 2015.

 


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