Category: Insurance Regulatory News

  Why Florida Insurance Commissioner Kevin McCarty wanted to “Unleash the Hounds of Hell” 60 Minutes reporter Leslie Stahl asked McCarty what he was thinking when he learned about problems with Life Insurance Company Audits.    Florida Announces Exit from …

  To view this release on its original Web page, click here.     RMS announced on April 13, 2016, that AeroEdge USA, a Florida based Managing General Agency promoting risk management by coupling cost effective hurricane mitigation with voluntary hurricane …

  How Will Scott’s Insurance Pick Bragg Survive Scrutiny? Cabinet members were talking softly, smiling at one another, clapping each other on the back.  But anyone who couldn’t sense a Baileygate hangover throbbing uncomfortably over the March 29 Cabinet meeting …

  Florida’s Chief Financial Officer Jeff Atwater and Insurance Commissioner Kevin McCarty will be featured during an episode of CBS News’ feature television program 60 Minutes this Sunday, April 17, 2016.   To read more on the show, click here. The segment …

  By Jennifer C. Erdelyi, Senior Associate The Florida Surplus Lines Service Office (“FSLSO”) issued Bulletin 2016-03 today, April 14, 2016, stating that Florida has withdrawn from the Nonadmitted Insurance Multi-State Agreement (“NIMA”) effective June 1, 2016.   The Bulletin also provides guidance …

  Signed by Governor Rick Scott today, April 14, 2016, HB 931 will make several changes to law relating to Florida’s Citizens Property Insurance Corporation (“Citizens”) effective July 1, 2016. The new law requires Citizens to revise its plan of …

  Florida Fines Humana Insurance In February, Humana agreed to pay a $500,000 fine for lack of cooperation in an investigation. The fine was included in a consent order. This investigation concerned charges that Humana had discriminated against people living …

  Questions Abound as Deadline To Apply To Be Florida’s Insurance Commissioner Approaches Remember that search for Florida’s next Insurance Commissioner?  Things have been relatively quiet since Governor Rick Scott refused to second a motion to appoint state Rep. Bill Hager, prompting …

  A proposed Rule published today, April 12, 2016, establishes a presumption that Florida’s statutory requirement that a public adjuster provides “prompt notice” of a claim to an insurer is satisfied if notice to the insurer is given within five …

  In a report issued today, April 12, 2016, the U.S. Government Accountability Office reported on how other countries have structured and funded their terrorism risk insurance programs.   Pursuant to a provision within the Terrorism Risk Insurance Program Reauthorization …