Category: Insurance Regulatory News

  Rainy Season Douses Fiery Florida After months of drought conditions that helped fuel nearly 2,500 wildfires across the State, Florida has quickly moved deep into its Rainy Season.  THE NEWS SERVICE OF FLORIDA’s Jim Turner reports via SunshineStateNews.com.   …

  The Florida Hurricane Catastrophe Fund (“FHCF”) issued a Bulletin today, June 21, 2017, reminding that FHCF Proof of Loss Reports are due from Participating Insurers no later than June 30, 2017. The Bulletin is attached for review. Pursuant to …

  What could be substantial legislative changes to the Florida Building Code pending Governor Rick Scott’s action, along with the final draft of an extensive analysis of building damage caused during the 2016 Hurricane Season will be reviewed during the …

  Legislation Would Make Major Changes to Florida’s Building Code Now, a coalition of Building Officials and people tied to the Insurance Industry fear HB 1021 could lead to a patchwork of requirements and higher Insurance Costs.  Mike Vasilinda reports …

  Biggest Citizens rate hikes aim at South Florida as contractors fume A restoration company president who has spoken out in meetings around the state questioned how it’s a fair choice for consumers, who have little way to know when water …

  At its meeting in Maitland, Florida today, June 20, 2017, Citizens Property Insurance Corporation’s (“Citizens’”) Board of Governors (“Board”) approved recommended rates and policy changes for 2018 that reflect what the State-run insurer describes as “rising non-weather water losses, …

  Flood Insurance Plans Unite Rubio, Warren, But Upset Florida Agents Watchdogs including Congress’ General Accounting Office have questioned as unfounded more than $10 Billion in Fees since the 1980s to the Private Middlemen. Under a Program called Write Your Own, Agents …

  The National Association of Insurance Commissioners’ (“NAIC”) Public Adjuster Working Group will hold a conference call on Monday, June 26, 2017 (12:00 p.m. Eastern/11:00 a.m. Central/10:00 a.m. Mountain/9:00 a.m. Pacific) to discuss its proposed workstreams.  Those include:   Development of …

  During its meeting yesterday, June 15, 2017, Florida’s Citizens Property Insurance Corporation’s (“Citizens”) Consumer Services Committee reviewed proposed changes to the method by which it values personal lines coverage for mobile homes.   Citizens explained that, in 2011, it began …

  Florida Insurance Commissioner Calls For Assignment Of Benefits Changes Commissioner Altmaier is weighing changes to claims forms—things like narrowing the definition of emergency mitigation or imposing requirements for notifying an Insurer—that he believes could discourage Fraud. Nick Evans reports …