Category: Florida Insurance and Political Headlines
Nov 27, 2017
Florida Nursing Home Hurricane Deaths Ruled Homicides Authorities say the Deaths of 12 of the 14 Florida Nursing Home Patients who died after Hurricane Irma have been ruled Homicides. The Sun-Sentinel reports. When Will Floridians Fight Tax Insurance Regulation? Seems the old proverb about …
Nov 20, 2017
Florida opens delinquency proceedings for allegedly insolvent insurer Florida’s Office of Insurance Regulation is asking the state’s chief financial officer to initiate delinquency proceedings against an insurer underwriting workers compensation, claiming the company “is impaired or insolvent” or “is about …
Nov 16, 2017
People’s Trust Insurance Sues Dozens Of Its Own Policyholders In Claims Disputes The Deerfield Beach-Based Insurer, opening a new front in the long-running war over Third-Party Claims Assignments, has filed more than 80 Lawsuits against Customers it accuses of failing to …
Nov 16, 2017
Court tosses out verdict against tobacco companies A Florida appeals court ordered a new trial involving tobacco companies, THE NEWS SERVICE OF FLORIDA reports via FloridaPolitics.com. Chicken processor settles water pollution suit in Florida The company was cited multiple times …
Nov 15, 2017
House Wades Into Property Insurance Controversy The House Judiciary Committee approved the Proposal (PCB JDC 18-01) to revamp the Insurance Practice known as “Assignment of Benefits.” The Bill, in part, would seek to curb litigation about Claims and impose new …
Nov 14, 2017
Florida Approves Workers’ Comp Rate Decrease of Nearly 10% Florida Insurance Commissioner David Altmaier has issued a Final Order granting Approval to the National Council on Compensation Insurance for a Statewide Overall Rate Level Decrease of 9.5 percent and Premium Level Decrease …
Nov 8, 2017
Heritage takes over policies from troubled Sawgrass Mutual Heritage said it believes the acquisition will increase the company’s operating income and make its book of business more attractive to reinsurers, the Sun-Sentinel’s Ron Hurtibise reports. Jeff Garretson, Vice President of …
Nov 7, 2017
Hurricane Irma Claims Reach $5.5 Billion In the eight weeks since Irma rampaged through the State, the estimated Insured Losses from Property Owners now stands at $5.55 Billion, according to an updated Report Monday from the Florida Office of Insurance …
Nov 6, 2017
Lawmakers Foresee “Headwinds” In Passing Major Insurance Legislation Republican Senator Anitere Flores, who represents the Irma-battered Florida Keys, said Friday that Property Insurance will be the “Main” Insurance Issue she will tackle in the upcoming Legislative Session. FloridaPolitics.com’s Ana Ceballos reports. …
Nov 3, 2017
Reinsurance Exec Says Industry Was Prepared For 2017 Disasters Despite a deadly and costly storm season this year, Aon Benfield President Andy Marcell said Thursday Reinsurers were more than prepared to handle the call and bounce back quickly. FloridaPolitics.com Publisher Peter Schorsch …