Category: Florida News

The Florida Commission on Hurricane Loss Projection Methodology (“FCHLPM”) has published its statutory Hurricane Standards Report of Activities as of November 1, 2017. To view the document, click here. The FCHLPM has operated on a biennial cycle since 2009, when …

The Florida Hurricane Catastrophe Fund (“FHCF”) has posted Mandatory Year-End Loss Reporting information for 2017 Hurricanes Irma and Nate, as well as for 2016 Hurricanes Hermine and Matthew. FHCF Participating Insurers must submit Year-End Proof of Loss Reports for each …

Insurers With Stockholders Pay Out Less To Florida Drivers, Study Says As Car Damage from 2017 Storms in Florida and Texas threatens to set Records, does it matter if your Insurance Company has to please Stockholders and not just Policyholders?  …

Patriot National to Reorganize For Acquiring Lenders; Subsidiaries to File Chapter 11 The Company, headquartered in Fort Lauderdale, Fla., expects the Reorganization, which is subject to Regulatory Approval, will be completed early in the Second Quarter of 2018.  Insurance Journal’s …

Insurance Company Tied to Patriot National Agrees to be Acquired Ashmere Insurance Co.’s Parent Company, which is majority owned by Patriot National’s Former CEO and majority shareholder Steven Mariano, announced on November 21 that it plans to be acquired by Bedrock …

Florida’s Citizens Property Insurance Corporation’s (“Citizens”) Consumer Services Committee (“Committee”) will convene this Thursday, November 30, 2017, to review various aspects of the State-run insurer’s ongoing response to Hurricane Irma.  The Committee, which has not met since June of this …

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 …

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 …

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 …

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 …