Category: Insurance Regulatory News

Florida’s cost for deadly hurricane keeps going up The tab for Hurricane Irma keeps rising, and Florida legislators are warning that it could require some tough budget choices for next year.  The Associated Press reports via the Palm Beach Post. …

Florida CFO Voices Concerns to FEMA Over Policy Management Vendor Transition Florida’s Chief Financial Officer Jimmy Patronis is urging the Federal Emergency Management Agency to reconsider an upcoming vendor transition that he says could delay the processing of federal flood …

Florida Insurance Consumer Advocate Sha’Ron James will host the fourth and final Emergency Medical Transportation Working Group meeting on October 31, 2017 in Tallahassee. The Insurance Consumer Advocate formed the 13-member Working Group in October 2016 to study the impact …

Galvano Brings Policy Skills To Top Senate Post Senator Bill Galvano, a 51-year-old lawyer from Bradenton, will be designated Tuesday by Senate Republicans as the next president of the Florida Senate.  THE NEWS SERVICE OF FLORIDA’s Lloyd Dunkelberger reports. ·         …

Florida’s Boomtown That Shouldn’t Exist When Hurricanes aren’t smashing Florida’s Low-Lying Strip Malls and Red-Roof Houses, the State’s machine of inexorable growth is already destroying the natural resources that have helped make that growth so inexorable.  Politico’s Michael Grunwald reports. …

The legal meaning of “liability insurance” and the future of state-based insurance, cybersecurity, health care, and myriad other critical issues are on the line as the National Conference of Insurance Legislators (“NCOIL”) is scheduled to convene its 2017 Annual Meeting …

Increased attorney fees in water damage case backed by Florida Supreme Court In a case stemming from a claim for water damage, a divided Florida Supreme Court on Thursday ruled that an attorney was entitled to receive stepped-up fees for …

The Florida Office of Insurance Regulation (“OIR”) published its annual property and casualty profit and contingency factors for 2016 in Informational Memoradum OIR-17-02M issued today, October 19, 2017. To view the precipitating Order, click here. To view Informational Memoradum OIR-17-02M, …

U.S. Senator Bill Nelson Worries FEMA Exec Is “Fox Guarding The Henhouse” Senator Bill Nelson (R-Fla.) has demanded that FEMA ensure that its Hurricane Claims be handled in an “Open, Transparent and Independent Process” after Reports surfaced that 90% of …

Hurricane Irma Insurance Claims In Florida Approach $5 Billion Hurricane Irma related Insurance Claims in Florida have increased further in the last week, rising around 8.5% to almost $5 Billion, with almost 32% of Claims now Closed, according to the …