Category: Insurance Regulatory News

  Zoraida Investments Claims Ark Royal Insurance Wrongfully Refuses To Pay Claim A Florida Company alleges an Insurer has not paid a Claim it submitted for Water Damage.   Jenie Mallari-Torres reports for the Florida Record.   South Florida Doctor Among …

  In its January 12, 2017 statutory report on the Terrorism Risk Insurance Program Reauthorization Act of 2015, which called for a review of alternative funding approaches for the Terrorism Risk Insurance Program, the U.S. Government Accountability Office (“GAO”) determined …

  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 Federal Reserve Board, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation today extended until February 17, 2017 the comment period for the advance notice of proposed rulemaking on enhanced cyber risk management …

  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 …