Category: Insurance Regulatory News

Florida Appeals Court, Regulator Reject Policy Language Aimed at Curbing AOB Abuse The decision could have a significant impact on the Florida Insurance Market, as other Insurers writing Homeowners in the State using similar Policy Language may no longer be …

The Florida Hurricane Catastrophe Fund Advisory Council meeting scheduled for today, January 9, 2018 at 1:30 p.m. (ET) has been canceled, inasmuch as no request for a Hearing on proposed Rule 19-8.029, Insurer Reporting Requirements and Responsibilities was received. To …

Florida Legislators Discuss Change In Law That Punishes Injured Immigrant Workers A Florida Lawmaker said he will file a measure in the Session that began Tuesday to require Employers and Insurers to pay Workers’ Compensation Benefits to Undocumented Workers Injured …

Irma insurance losses top $7 billion More than 83 percent of the claims involve residential property, with most in South Florida.  THE NEWS SERVICE OF FLORIDA’s Jim Turner reports via the Gainesville Sun. Insurance executive’s yacht seized in Miami Della …

Insurance Companies Send Settlement Checks to Hurricane Irma Victims with Strings Attached Some Florida Homeowners are discovering their Insurance Companies are employing an interesting strategy to avoid future Claims Costs. The Sun-Sentinel’s Ron Hurtibise reports. Climate Gentrification: In Florida, The …

If a request(s) for a hearing are received on the recently published Notice of Proposed Rule for Rule 19-8.029, F.A.C., Insurer Reporting Requirements and Responsibilities, the Florida Hurricane Catastrophe Fund (“FHCF”) Advisory Council will meet on January 9, 2018 at 1:30 …

Public Adjuster Licensing Among Six New Florida Laws Now Effective HB 911 makes a series of changes related to Rules and Licensure for Public Insurance Adjusters.  THE NEWS SERVICE OF FLORIDA’s Jim Turner reports via the Ocala Star-Banner. Gloria Estefan’s …

In a notice issued December 19, 2017, the Florida Hurricane Catastrophe Fund (“FHCF”) announced its maximum statutory adjusted capacity for mandatory FHCF coverage, the maximum statutory coverage for any optional coverage, and the aggregate fund retention used to calculate individual …

Assignment of Benefits Abuse Tops Florida News for 2017 From threats of insurer ratings downgrades caused by the escalation in litigated water loss claims accompanied by an AOB, to the push for legislative reform to the state’s one-way attorney fee …

Assignment of Benefits Abuse Tops Florida News for 2017 From threats of insurer ratings downgrades caused by the escalation in litigated water loss claims accompanied by an AOB, to the push for Legislative Reform to the State’s One-Way Attorney Fee …