Category: Insurance Regulatory News

With Florida having declared a State of Emergency in all 67 counties as Hurricane Irma advances, Citizens Property Insurance Corporation (“Citizens”) has called an emergency meeting of its Board of Governors (“Board”) tomorrow, September 6, 2017. The Board meeting has …

Scott Declares State of Emergency as Florida Braces for Hurricane Irma Governor Rick Scott officially declared a State of Emergency for all of Florida’s 67 counties on Monday in preparation for what could be the most powerful storm to hit …

Flooding Continues In Bonita Springs In Bonita Springs roads are still impassable, and people are stuck at home waiting for the water to recede.   Risa Morris reports for NBC. IRS Looking To Collect Nearly $8 Million From Former Florida Insurer …

Florida Workers’ Comp Premiums Going Down? NCCI Files for 9.6% Decrease Just under a year since Florida Workers’ Compensation Rates shot up by 14.5 percent, Florida Businesses may get some relief in their Workers’ Comp Premiums.  Insurance Journal’s Amy O’Connor …

  Universal Insurance Holdings, Inc. to be Honored By Women Executive Leadership Florida for Advancing Gender Diversity in The Boardroom Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that it will be honored at the Women Executive Leadership Florida 2017 …

  Florida Workers’ Comp Rates Could Decrease In 2018 Florida Businesses could see Workers’ Compensation Insurance Premiums Decrease in 2018, after a tumultuous period that included a Double-Digit Rate Hike late last year and a Lobbying Battle about whether to …

  Alron Construction LLC Claims State Farm Should Reimburse It For Home Repairs The Plaintiff holds State Farm Florida Insurance Co. responsible because the Defendant allegedly refused payment for all of Plaintiff’s Covered Losses.  The Florida Record reports.   Insurer …

  25 Years Later: How Florida’s Insurance Industry Has Changed Since Hurricane Andrew Andrew was responsible for the failure of at least 16 Insurers between 1992 and 1993.  Insurance Journal’s Amy O’Connor reports.   Facebook Friendship Doesn’t Disqualify Judge in …

  As part of his presentation at yesterday’s Florida Office of Insurance Regulation public hearing on rates filed by Citizens Property Insurance Corporation (“Citizens”), Citizens’ President and CEO Barry Gilway noted a study on hurricane risk exposure recently completed by the …

  Assuming no further deterioration in Florida’s assignment of benefits crisis, Citizens Property Insurance Corporation’s (“Citizens’”), average Miami-Dade premiums would rise more than 30 percent during the next four years, Citizens President and CEO Barry Gilway explained yesterday, August 23, …