Category: Insurance Regulatory News
Apr 16, 2018
The New York Department of Financial Services has advised its regulated insurers to encourage policyholders that investing in commercial global positioning system equipment could reduce motor vehicle collisions and result in lower insurance premiums. https://www.insurancejournal.com/news/east/2018/04/13/486415.htm’
Apr 16, 2018
Some insurers and others, meanwhile, are beginning to look toward 2020 when the U.S federal terrorism backstop comes up for renewal, the report said, which was entitled “Insurers Adjust to Changing Terrorism Risk Landscape.” Matthew Lerner of Business Insurance reports. …
Apr 13, 2018
Pointing to “human error,” the Florida Office of Insurance Regulation on Thursday increased its latest property-loss estimate from Hurricane Irma by more than $1.2 billion. THE NEWS SERVICE OF FLORIDA reports via the Orlando Sentinel. http://www.orlandosentinel.com/business/os-bz-nsf-florida-corrects-hurricane-irma-losses-20180412-story.html
Apr 13, 2018
Her insurance company told her the check was in the mail, but the post office says they don’t have it. And now one South Florida homeowner says the mix-up is keeping her from repairing her home damaged by Irma. So …
Apr 13, 2018
Statewide, according to Florida’s Department of Financial Services, in 2012, auto glass companies filed 1,389 lawsuits against insurers. Just four years later, the number of lawsuits soared to 19,695. https://www.wftv.com/news/action-9/action-9-investigates-door-to-door-auto-glass-repair-companies/731361463
Apr 13, 2018
The image of a future city undone by rising tides leading to “a kind of dystopian inundation scenario,” was invoked by Harvard University professor Charles Waldheim in a presentation to the Miami Beach city commission on Wednesday. http://www.miamiherald.com/news/local/environment/article208687504.html
Apr 13, 2018
In Florida, the limits for PIP are $10,000, which can become a challenge when considering that when the insurer is required to pay, there are often baseless litigations associated with the no-fault cases https://flarecord.com/stories/511369632-personal-injury-protection-insurance-scrutinized
Apr 13, 2018
The Florida Department of Highway Safety and Motor Vehicles just launched the “Drive Baked, Get Busted” campaign, a brand new $5 million initiative intended to discourage people from getting behind the wheel after they have smoked or consumed marijuana. News4Jax.com’s …
Apr 13, 2018
Expect efforts to revamp workers’ compensation insurance laws to return as new House and Senate leaders take over for the 2019 legislative session, according to Florida Insurance Commissioner David Altmaier. http://sunshinestatenews.com/story/backroom-briefing-workers-comp-could-return
Apr 13, 2018
Want to find out how Florida’s workers’ compensation system regulates pharmacy fees, as compared to other states? FloridaPolitics.com’s Michael Moline reports. http://floridapolitics.com/archives/261038-report-workers-compensation-containment