Category: Insurance Regulatory News

Hurricanes and significant weather events create opportunities for unscrupulous contractors and their attorneys to take advantage of Assignment of Benefits, or AOB, when dealing with insurance claims. By pressuring consumers into signing an AOB, they take control of an insurance …

If Florida is hit with a major hurricane this season, 459,000 homes in Tampa Bay could be at risk for damage by storm surge, the third-most among major metro areas. And rebuilding them all could top $79 billion. According to …

The Top 25 Florida health insurance providers earned a combined $18.84 billion in direct premium in 2016. Read more at South Florida Business Journal

The U.S. Department of Transportation will provide more than $277 million to help hurricane-damaged public transportation in Texas, Florida, Georgia, Puerto Rico and the U.S. Virgin islands. The funding announced Thursday is earmarked for response and rebuilding projects related to …

The 2018 hurricane season is officially underway, even as the dust continues to settle on the 2017 hurricane season — one of the costliest hurricane years on record — that brought devastation to Florida from Hurricane Irma. Irma first hit …

TALLAHASSEE, Fla. – The National Flood Insurance Program is set to expire right in the middle of hurricane season, which starts Friday, and emergency management experts are calling on Congress to fix the 50-year-old program, which is billions of dollars …

A business group has issued an alert, tied to the start of hurricane season Friday, warning insurance policyholders against jumping into assignment of benefits agreements with any contractors they might call to make storm repairs. Such AOB agreements aren’t necessary …

This year could be another storm-heavy year. Every season is a reminder that hurricanes can be some of the most destructive events on the planet, and there’s no way to really stop them. At least, not yet. It’s possible that …

A closely watched hurricane forecast provided some good news on a stormy Thursday, despite last week’s premature start to hurricane season. Colorado State University announced a slight reduction in its initial forecast for hurricane season and now calls for six …

Florida’s governor and Legislature promised a dizzying array of fixes following the devastation of last year’s hurricanes. But heading into a new storm season, the state has enacted only a few changes — the largest aimed at protecting seniors in …