Category: Insurance Regulatory News

Colodny Fass partner Sandy Fay in Sunrise and Broad and Cassel partner Nina Gordon in Miami represented Federated National Holding Co.’s purchase through its Federated National Insurance Co. subsidiary, Lidia Dinkova reports for the Daily Business Review today, March 6, 2018.

Irma Loss Increase Triggers Reinsurance Claim For Florida Citizens Florida Citizens Property Insurance is now expecting to make some Reinsurance Recoveries related to its Hurricane Irma Claims.  Trading Risk reports. America’s Flood Insurance Chief Has A Message For All Floridians: …

The Federal Railroad Administration should identify and adopt a method for systematically communicating information to railroads and use a risk-based approach to prioritize its resources and workload, the U.S. Government Accountability Office said.

The Florida Senate on Saturday unanimously approved a bill that would curb the ability of health insurers and HMOs to retroactively deny claims, THE NEWS SERVICE OF FLORIDA reports via FloridaPolitics.com.   http://floridapolitics.com/archives/258039-senate-targets-denial-insurance-claims

Investigators from the Miami Police Department and the Florida Department of Investigative and Forensic Services’ Bureau of Insurance Fraud raided two clinics in Miami-Dade County, Ryan Smith reports for Insurance Business Magazine. https://www.insurancebusinessmag.com/us/news/breaking-news/seven-arrested-for-insurance-scam-in-raid-on-south-florida-clinics-93912.aspx

State lawmakers’ long to-do list for the final week includes a sweeping gun and school safety bill, an education bill and a payday loans bill.  The Associated Press reports via the Gainesville Sun. Final budget items start getting “bumped” Tampa …

At 20 of 80 railroad crossings in Palm Beach County no upgrades will be made to keep motorists, bicyclists or pedestrians from maneuvering around lowered warning gates despite plans to silence train horns along the rail line now hosting the high-speed …

Florida is the only state that lacks the legal authority to charge people banned from possessing a gun but who “lie and try” to buy one anyway.  ABC Action News reports. https://www.abcactionnews.com/longform/fl-felons-escape-punishment-when-they-lie-try-to-buy-a-gun

Passporting rules allow EU finance companies to sell their services across the 28-member bloc with a local license, rather than getting a license to operate in each member country where it does business.  Reuters’ William James reports via Insurance Journal. …

Heritage Insurance Seeking Hefty Rate Hikes, Blames Claims Fraud Industry Officials blame Insurance Fraud tied to the “Assignment of Benefits” Crisis.  They add that further Rate Hikes stemming from Hurricane Irma last year will start hitting Consumers this summer.  The …