Category: Insurance Regulatory News

  Despite Storms, Florida Hurricane Fund Remains in Good Shape Florida’s streak of dodging Hurricanes is over, but the State-Created Fund that helps Private Insurers pay out Claims after a storm remains in strong financial shape.   FEMA Designates 4 Florida …

  Hurricane Matthew-Related Insurance Claims Pass the 75,000 Barrier The number of Insurance Claims filed following Hurricane Matthew has now surpassed 75,000, State Regulators announced Monday.  Michael Moline reports for FloridaPolitics.com.   Rick Scott:  Florida Needs Full Major Disaster Declaration …

  The Florida Hurricane Catastrophe Fund (“FHCF”) Advisory Council will hold a public meeting tomorrow, October 18, 2016 at 1:30 p.m. (ET) in Tallahassee.  The agenda includes a vote to approve the October 2016 Estimated FHCF Claims-Paying Capacity.  A financial …

  The Florida Health Insurance Advisory Board (“FHIAB”) is scheduled to hold a public meeting to conduct administrative matters, adopt its “State of the Market” Annual Report and discuss its 2017 legislative proposals on Wednesday, October 19, 2016 at 3 …

  Insurance Competition, Diversity Helping Companies Weather Hurricanes Many Northeast Florida Residents are making calls to their Insurance Companies after Hurricane Matthew.  WJCT-TV Business Analyst John Burr spoke to one local Agent about how big storms affect the Industry.   …

  Hurricane Matthew May Be Gone, But Insurance Industry’s Work is Just Starting It’s been nearly a week since Hurricane Matthew Ravaged the Southeast Coast but the Insurance Industry’s job of responding to the devastation and assessing the total cost of damage …

  Ambulances Out of Insurer Networks Draw Panel’s Scrutiny A State Working Group that meets next week will examine a piece of the puzzle left out of last spring’s Legislation designed to cut down on Surprise Medical Bills for Consumers.  The Palm …

  Matthew Claims Start Rolling Into Citizens Of Citizens’ Claims so far, 963 came from Property Owners in Volusia, Brevard, Flagler, St. Johns and Duval Counties, the Regions hardest hit by the storm that battered Florida’s Coastline late last week. THE …

  Citizens Property Insurance Corporation (“Citizens”) advised today, October 10, 2016, that it is opening two emergency operations centers (“EOCs”) along the Space Coast to better assist its policyholders recovering from Hurricane Matthew.  Beginning tomorrow at noon, Citizens representatives and …

  The Florida Office of Insurance Regulation (“OIR”) has posted preliminary statewide Hurricane Matthew claims data on its Web site at: http://www.floir.com/Sections/PandC/ProductReview/CatastropheReporting.aspx, the agency announced today, October 10, 2016. These initial results show a total of 4,973 claims have been reported …