Category: Insurance Regulatory News

  FEMA Responds to Florida’s Flood Rate Request, Sort Of The Federal Emergency Management Agency (FEMA) has responded to Florida’s request to review the National Flood Insurance Program (NFIP) rates and it may not be as forthcoming and helpful as …

  Florida Insurance Regulator Approves Aetna’s Acquisition of Humana Florida’s insurance regulator approved Aetna Inc.’s acquisition of Humana Inc., and required no divestitures, an important win for the companies from a state that is a key market.  Reuters reports via …

  Florida home insurance:  How safe is it after record Citizens drop? Florida, land of the nation’s costliest home insurance, has reached a new era in early 2016. State-run Citizens Property Insurance is no longer the company with the most …

  Florida Lawmakers Want To Overhaul Homeowner Insurance Claim Process Many homeowners use assignment of benefits after an emergency to hand insurance payment directly to contractors. But former Insurance Consumer Advocate Steve Burgess says assignments can lead to higher premiums.  …

  To assist regulatory actuaries who are reviewing Own Risk and Solvency Assessment (“ORSA”) reports, the National Association of Insurance Commissioners Casualty Actuarial and Statistical Task Force has prepared an explanatory paper with background information on the Enterprise Risk Management …

  Reuters reported today that the National Highway Traffic Safety Administration (“NHTSA”) has issued a letter interpreting that the artificial intelligence system piloting a self-driving vehicle could be considered the “driver” under federal law–a major step toward ultimately winning regulatory …

  Property Insurance Reforms Could Keep Down Premium Costs Never underestimate the ability of the legal class to find new ways to extract money from the insurance industry – and indirectly from the consumer.  The most recent example is related …

  In a news release issued today, February 9, 2016, Florida’s Citizens Property Insurance Corporation (“Citizens”) announced the launch of a multi-faceted education campaign to improve customer claims handling, while taking steps to combat fraud and claims abuse. Dubbed “Call …

  Florida renters pay $279 more for car insurance, survey finds Florida drivers are being charged an average of 10 percent more, or $279 a year, for car insurance simply because they rent instead of own their home, according to …

  The Florida Office of Insurance Regulation (“OIR”) released its “2015 Review of Assignment of Benefits Data Call Report” today, February 8, 2016.  The report provides aggregated results from a data call in which the top 25 personal residential insurance …