Category: Insurance Regulatory News

  The Florida Office of Insurance Regulation advised that Florida Chief Financial Officer Jeff Atwater and Insurance Commissioner David Altmaier will be in St. Augustine, Florida on Friday, December 2, 2016 to host a roundtable discussion focused on the 2016 …

  Florida’s Citizens Property Insurance Corporation (“Citizens”) will be issuing a new Request for Information for new independent adjusting firms after those with which the State-run insurer had been contracting failed to provide reliable catastrophe response after Hurricanes Hermine and …

  The Florida Office of Insurance Regulation (“OIR”) advised this morning, November 29, 2016, that it has filed a Notice of Appeal with the First District Court of Appeal in the Fee v. National Council on Compensation Insurance (“NCCI”)/OIR court …

  Reinsurance Saved Florida From Catastrophic Losses Reinsurance saved Florida from Catastrophic Losses. While this year’s storms Hermine and Matthew brought an end to the State’s decade-long hurricane drought, they easily could have been stronger or cut a more destructive …

  NCCI Vows to Appeal Court Ruling on Florida Workers’ Compensation The National Council on Compensation Insurance, which sets Workers’ Compensation Rates, will appeal Wednesday’s Ruling by Leon County Circuit Court Judge Karen Gievers to strike down a 14.5 percent …

  The following news broke today, November 23, 2016: A U.S. District Court judge in Texas issued a preliminary injunction late yesterday, November 22, 2016, that temporarily blocks new overtime rules from going into effect nationwide on December 1.  Those rules had …

  Hurricane Matthew Damage Lingers for Osceola Family More than a month after Matthew ripped up the Atlantic Coastline, Florida Residents still grapple with an estimated $606 Million in Damages.  Mary Shanklin reports for the Orlando Sentinel.   Florida CHAIN …

  The State of Florida Auditor General published a report on the Florida Office of Insurance Regulation (“OIR”) today, November 22, 2016.   To view the report, click here. This operational audit focused on the OIR’s rate filing review process for health …

  Plaintiffs’ Attorney Petition Seeks More Time o File Hurricane Matthew-Related Flood Insurance Claims A Plaintiff’s Attorney has launched a Petition Drive urging the Federal Emergency Management Agency to extend the Deadline for Homeowners to Document Proof of Loss with the …

  The Florida Hurricane Catastrophe Fund (“FHCF”) Advisory Council met on November 18, 2016 to review proposed changes to Rule 19-8.029, F.A.C., “Insurer Reporting Requirements,” which provides requirements relating to insurer reporting of exposures and losses, and Rule 19-8.030, F.A.C., …