Category: Florida News

  AOB Reform Passes Florida House Subcommittee, But It Wasn’t Pretty The Legislature has been arguing over Assignment of Benefits Reform for years, to no avail. Tuesday, Tampa Republican James Grant found out why — the hard way.  FloridaPolitics.com’s Michael …

  Miami-Based Asbestos Firm Files Tortious Interference Lawsuit A Miami-Based Law Firm that typically specializes in Asbestos Litigation has Filed a Lawsuit against a Former Client and his South Carolina Attorney for allegedly interfering with a business relationship in an …

      Olympus Insurance Company (Olympus), a leading Florida homeowners insurer, announced that insurance ratings agency Demotech has reaffirmed its current “A Exceptional” Financial Stability Rating® (FSR) based on the company’s 2016 Annual Statutory Financial Statement. Financial Stability Ratings® …

  Additional proposed changes to Florida regulations relating to insurance agent continuing education have been posted by the Florida Department of Financial Services’ Division of Insurance Agent and Agency Services. The proposed Rules referenced are: 69B-228.040                        Course Providers 69B-228.050        …

  Florida’s Citizens Property Insurance Corporation (“Citizens”) Board of Governors (“Board”) will meet on Wednesday, March 15, 2017 to vote on whether to call its 2015 Everglades Re II Series 2015-1 bonds without a call premium on their optional redemption …

  Blaming Claims Abuses, Property Insurers Seek Steep Rate Increases Some of the largest Insurance Companies in South Florida are seeking Rate Hikes again, and Homeowners are due for some nasty surprises at Renewal Time.  The Sun-Sentinel’s Ron Hurtibise reports. …

  House Version of Claims Reform Bill Omits One-Way Attorney Fee Ban A New House Bill aims to reduce costly litigation against Insurers by forcing Benefits Assignees to risk paying Insurers’ Attorneys’ Fees if they lose.  The Sun-Sentinel’s Ron Hurtibise …

  Demotech Promises Ratings Action By March 16, 2017 In a Press Release below issued yesterday, Demotech, Inc. advised that it will issue its anticipated Affirmations, Additional Information and Ratings Downgrades no later than March 16, 2017.  One month ago, …

    In the press release below issued today, March 7, 2017, Demotech, Inc. advised that it will issue its anticipated affirmations, additional information and ratings downgrades no later than March 16, 2017.  One month ago, Demotech announced in a news …

  Insurance Issues Loom Large on Legislature’s Agenda Will this finally be the year the Florida Legislature breaks the stalemate between Insurers and Trial Lawyers over so-called Abusive Water Claims?  The Sun-Sentinel’s Ron Hurtibise reports. ·         Bill Seeks to Promote …