Category: Insurance Regulatory News
Jul 27, 2016
New Company Formed to Certify Home Improvement Providers An Insurance Industry Watchdog has announced a new mission: promoting and keeping tabs on the growing market for certain energy-efficiency improvements. The Sun-Sentinel’s Ron Hurtibise reports. Brown & Brown Insurance …
Jul 26, 2016
Despite Lack of Hurricanes, Claims Abuse Driving up Citizens Insurance Premiums in Florida Instead of railing against high insurance rates, Lawmakers should identify the cause. And South Florida Legislators won’t even have to travel far to do so, R-Street’s …
Jul 25, 2016
Contains Key Statistics on Premiums By State, By Line of Business and Budget Information The National Association of Insurance Commissioners (“NAIC”) released the second volume of the 29th edition of the Insurance Department Resources Report (“IDRR”) today, July 25, …
Jul 25, 2016
Florida-Based Homeowners Choice Secures Nearly $1B in Reinsurance for 2016-2017 Homeowners Choice Property & Casualty Insurance Company, Inc., a Florida-based provider of Homeowners Insurance, has completed its reinsurance program for the 2016-17 reinsurance year, which runs from June 1, …
Jul 21, 2016
Disability Insurance Firms Seek Florida Rate Hikes Thousands of Floridians who have Insurance to cover the cost of staying in a Nursing Home or Assisted Living Facility could see a steep hike in their Premiums, the Associated Press reports …
Jul 20, 2016
Citizens Insurance to spend $1.8M for investigating water damage claims The Citizens Property Insurance board of governors Tuesday approved a $1.8 million contract with a company that will examine escalating water damage claims from policyholders and determine whether the …
Jul 19, 2016
A contested competitive solicitation for Florida’s Citizens Property Insurance Corporation’s (“Citizens’”) Water Mitigation Estimate Review Program (“Program”) was ultimately approved unanimously by the State-run insurer’s Board of Governors this morning, July 19, 2016. With an estimated annual expenditure of …
Jul 19, 2016
Florida Steps up Fraud Fight with New Division of Investigative and Forensic Services The Florida Department of Financial Services is enhancing its Law Enforcement Strategy to fight fraud in the State by integrating its current units and forming the …
Jul 18, 2016
Florida Insurance Chief David Altmaier Off To Good Start If David Altmaier’s first two months are any indication, Governor Rick Scott and the Florida Cabinet were right to make Altmaier the State’s top Insurance Regulator, the Orlando Sentinel Editorial …
Jul 8, 2016
GEICO’s Zero Tolerance for Fraud Leads to Filing RICO Lawsuit in Florida To prove its point that GEICO has a zero tolerance policy regarding insurance fraud, GEICO last month filed a Lawsuit in Florida aimed at five companies and …