Category: Insurance Regulatory News

The insurer says the reopening of claims is part of ongoing efforts to assist policyholders after the storm, which hit the state last September, by revisiting claims and making additional payments as repairs are made.  https://www.insurancejournal.com/news/southeast/2018/04/17/486561.htm

Another session for public comment is scheduled for April 24, followed by a chance for the representatives from King’s Ranch to rebut and make their closing statements. Melissa Bill reports for the Lehigh Acres Citizen. http://www.lehighacrescitizen.com/page/content.detail/id/542400/Proposed-mining-operation-meets-resistance.html?nav=5095

The subject business is all from the Citizens coastal account, and consists of both personal and commercial residential property exposures, Artemis.bm reports. http://www.artemis.bm/blog/2018/04/17/citizens-returns-with-200m-everglades-re-ii-2018-1-cat-bond/

GuideWell Insurance Agency, an exclusive property and casualty agency for Florida Blue health plan members, will offer StormPeace, a new supplemental hurricane policy from Assured Risk Cover that provides coverage of losses and expenses not covered by traditional homeowners insurance. …

Coral Gables can’t force Florida Power & Light to upgrade infrastructure and trim trees around power lines ahead of hurricane season, but the city can seek monetary damages for the utility’s response to power outages following Hurricane Irma.  Kyra Gurney …

Florida Chief Financial Officer Jimmy Patronis has released a top 10 list of most wanted insurance fraud criminals and called on local communities to help with finding the individuals, Insurance Journal reports. Florida Agency Owner Arrested Over $62K Premium Fraud …

Suspect admits stealing nearly $62,000 in premiums over 7 years, ClickOrlando.com’s Mike Holfeld reports. Investigators Seek Others Insured by Central Florida Agent https://www.clickorlando.com/news/state-cfo-fraud-strike-team-uncover-central-florida-insurance-scheme

Dalley admitted he was part of a group of clinic owners, chiropractors and attorneys involved in the scheme. Court records show the fraud involving clinics in Broward, Palm Beach and Miami-Dade counties brought in at least $23 million from 10 …

Florida’s First District Court of Appeal asked the Florida Supreme Court on Wednesday to clarify whether the high court meant to rule eight years ago that state environmental law doesn’t allow parties to recover personal injury damages arising from toxic …

Tumbling catastrophe bond prices continue to exert pressure on the wider reinsurance market and are likely to curb rate increases at the upcoming Florida renewal, the Insurance Insider reports. http://www.insuranceinsider.com/-1274352/12