Category: Florida News

  Florida Regulators Say Startups Withstood Matthew, But More Modeling Needed Billions in New Capital dedicated to Florida Hurricane Risk withstood its first real test during 2016 Storm Season, but Startup Insurers created as a result of the State’s “Take …

  The Florida Office of Insurance Regulation (“OIR”) released its 2016 Workers’ Compensation Annual Report to the Florida Legislature today, January 13, 2017. The OIR is required by law to evaluate competition in Florida’s workers’ compensation market annually, and to …

  FloridaPolitics.com’s Michael Moline reported today, January 12, 2017, that the National Council on Compensation Insurance has submitted a brief with Florida’s First District Court of Appeal in the ongoing action relating to its workers’ compensation rate increase filing approved by …

  House Panel Stages Civilized Discussion of Assignment of Benefits Reform The House Insurance & Banking Subcommittee held a calm, measured, largely drama-free discussion of Assignment of Benefits reform Wednesday.  Michael Moline reports for FloridaPolitics.com. ·         Debate Heats Up Over …

  Calling it an “unconstitutional taking” that Florida hospitals have the ” . . . unfettered right to set whatever outpatient prices they want without any due process safeguards to the payers,” XL Specialty Insurance has challenged the validity of …

  Florida Department of Financial Services regulations applicable to surplus lines insurers and agents relating to the collection of taxes are being proposed for repeal, inasmuch as their functions are now governed by the Florida Surplus Lines Service Office. The …

  Debate Heats Up Over Property Insurance Claims With Insurers and Regulators blaming a surge in water-damage claims for higher property-insurance rates, Florida Lawmakers began grappling with a controversial debate that includes Homeowners, Contractors, Insurance Companies and Trial Lawyers.  THE …

  Contractors mount defense of assignment of benefits agreements During a hearing today, the Senate Banking and Insurance Committee heard from defenders of AOB agreements, FloridaPolitics.com’s Michael Moline reports.   Negron will renew push to end insurance industry’s jobs credit …

  Senate Bill Offers Redress for Hurricane-Damaged Home Florida bore the brunt of Hurricane Matthew last fall. For Homeowners who suffered damage, a particular burden was imposed, via Property Appraisals that fit the period before the storm wrecked their houses.  …

  South Florida Con Artists Turn “Sober Homes” Into Insurance Scam Hundreds of barely regulated Sober Homes have proliferated in Palm Beach and Broward Counties over the past decade.  Many are tied into very lucrative Addiction-Treatment Programs eligible for Medical Insurance …