Category: Insurance Regulatory News

  New Jersey Insurance Commissioner Richard Badolato issued an order today, February 8, 2017, that, effective April 17, 2017, all providers treating patients being treated under Personal Injury Protection insurance coverage must use designated Uniform Pre-Service and Post-Service Appeal forms …

  Demotech Suspends Florida Insurer Rating Criteria; Says Downgrades Coming Recent Florida Supreme Court Decisions and ongoing abuse in Florida’s Insurance Market have led a Ratings Company to change the Criteria it uses when rating Insurers in the State. The …

  Below is an update on recent Florida workers’ compensation regulatory activities:   Fraud Status Report Florida’s Division of Investigative and Forensic Services, Bureau of Worker’s Compensation Fraud and the Florida Division of Workers’ Compensation Bureau of Compliance issued a …

  Florida Insurance Commissioner David Altmaier updated the Florida Cabinet on the topic of assignment of benefits this morning, February 7, 2017, noting there has been a significant reduction in underwriting gains and Florida domestic insurer net income in 2016. …

  Guidance Suspended for Florida Property Insurers – Rating Revisions Expected in March Although the 57 Property Insurers that Demotech Reviews, Rates, and follows were able to respond to Florida’s Weather Related Damages during 2016, the Company suspended previously written guidance …

  Leaky Pipe Problems Pose Risk to Florida Homeowners Insurance Florida’s Homeowners’ Insurance Landscape has been treated gently by Mother Nature in the last Decade, but the Industry sees demons approaching that are increasing the cost and reducing access to …

  Florida NFIP Policyholders Have 60 More Days to File A Proof of Loss Associated with Hurricane Matthew Claims; Proof of Loss Extension Associated with Hurricane Hermine Claims Has Expired The Florida Office of Insurance Regulation (“OIR”) advised today, February …

  Insurer Citizens Pushes For Tougher Laws As Switch Offers Dwindle Top Officers at State-Run Citizens Property Insurance advocated for Laws to fix what they call abuses in South Florida Claims Wednesday as offers from Private Insurers to take its …

  Florida Chamber Miami Event Examines State’s Insurance Woes On the agenda are Mandatory Personal-Injury Protection, or PIP Coverage for Motorists; abuse of Assignment-of-Benefits Agreements in Property Insurance; and finding a way to rein in rising Workers’ Compensation Insurance Costs.  …

  Appeal stands in State Farm hurricane-compensation ruling A judgment in a hurricane insurance-coverage case will not be reviewed, the Florida Supreme Court ruled, citing lack of jurisdiction over the case.  Christina Suttles reports for the Florida Record.   Florida Court …