Category: Insurance Regulatory News

  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 …

  In a report issued today, January 9, 2017, the U. S. Government Accountability Office (“GAO”) said that the Federal Emergency Management Agency (“FEMA”) has yet to revise its compensation practices for Write-Your-Own (“WYO”) companies to reflect actual expenses as …

  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 …

    Panel seeks changes to Florida’s workers’ comp billing and new drug formulary A state workers’ compensation advisory panel voted Wednesday to ask the Legislature to consider letting regulators establish a drug formulary, Michael Moline reports for FloridaPolitics.com.   …

  FPL Looks to Recoup Hurricane Matthew Costs Florida Power & Light is seeking approval to collect $318.5 million from customers to recoup costs from Hurricane Matthew and to replenish a storm reserve, according to documents filed at the Florida …

  Florida’s Citizens Property Insurance Corporation (“Citizens”) advised today, January 3, 2017, that it will reinstate the 2012 Florida Insurance Guaranty Association (“FIGA”) assessment for both Citizens’ Personal and Commercial Lines policies.  The Florida Office of Insurance Regulation (“OIR”) approved …

  The Federal Emergency Management Agency (“FEMA”) issued Bulletin W-16091 on December 30, 2016 to provide guidance on National Flood Insurance Program (“NFIP”) requirements for claims handled by “Write Your Own” companies. The guidance focuses on the use of services …

  Motorist Files Suit Against State Farm Florida Over Underinsured Motorist Claim A Sanford motorist alleges his Insurer wrongfully denied his Claim after an accident.  Jenie Mallari-Torres reports for the Florida Record.   Airbnb Hopes to Partner with Escambia County in 2017 …

  Jeff Atwater:  Arrest Made in $100,000 Fraud Against Citizens Insurance Chief Financial Officer Jeff Atwater on Thursday announced the arrest of a Miami Man on Charges that he posed as a Licensed Public Adjuster to Defraud Citizens Property Insurance …