Category: Insurance Regulatory News

Patriot National to Reorganize For Acquiring Lenders; Subsidiaries to File Chapter 11 The Company, headquartered in Fort Lauderdale, Fla., expects the Reorganization, which is subject to Regulatory Approval, will be completed early in the Second Quarter of 2018.  Insurance Journal’s …

The National Association of Insurance Commissioners’ (“NAIC”) Public Adjuster Working Group (“Working Group”) met yesterday, November 27, 2017, to review submitted public comments on the following documents relating to the hiring of public adjusters: (1) Insurance Industry Advisory (2) Advisory …

The National Association of Insurance Commissioners (“NAIC”) is planning a February 2018 public hearing in either New York or Washington, D.C. that would specifically be devoted to soliciting feedback on the reinsurance aspects of the Bilateral Agreement Between the United …

Insurance Company Tied to Patriot National Agrees to be Acquired Ashmere Insurance Co.’s Parent Company, which is majority owned by Patriot National’s Former CEO and majority shareholder Steven Mariano, announced on November 21 that it plans to be acquired by Bedrock …

Florida’s Citizens Property Insurance Corporation’s (“Citizens”) Consumer Services Committee (“Committee”) will convene this Thursday, November 30, 2017, to review various aspects of the State-run insurer’s ongoing response to Hurricane Irma.  The Committee, which has not met since June of this …

Florida Nursing Home Hurricane Deaths Ruled Homicides Authorities say the Deaths of 12 of the 14 Florida Nursing Home Patients who died after Hurricane Irma have been ruled Homicides.  The Sun-Sentinel reports. When Will Floridians Fight Tax Insurance Regulation?  Seems the old proverb about …

Florida opens delinquency proceedings for allegedly insolvent insurer Florida’s Office of Insurance Regulation is asking the state’s chief financial officer to initiate delinquency proceedings against an insurer underwriting workers compensation, claiming the company “is impaired or insolvent” or “is about …

People’s Trust Insurance Sues Dozens Of Its Own Policyholders In Claims Disputes The Deerfield Beach-Based Insurer, opening a new front in the long-running war over Third-Party Claims Assignments, has filed more than 80 Lawsuits against Customers it accuses of failing to …

Court tosses out verdict against tobacco companies A Florida appeals court ordered a new trial involving tobacco companies, THE NEWS SERVICE OF FLORIDA reports via FloridaPolitics.com. Chicken processor settles water pollution suit in Florida The company was cited multiple times …

The Florida Building Commission (“Commission”) will be accepting written comments until December 6, 2017 on proposed changes to Florida Building Code amendment procedure, as well as Rules relating to Commission organization and operations. The proposed changes, which would bring the …