Category: Insurance Regulatory News

  Reinsurers in Florida Advised Caution Over AOB Epidemic If the Assignment of Benefits Epidemic sweeping Florida continues unchecked, insurers with weaker capitalisation could see rating downgrades or be put out of business entirely, while Reinsurers’ Credit Risk Skyrockets.  Reinsurance …

  The opportunity to submit written comments is open until July 5, 2017 on proposed Rules relating to the certification of neutral evaluators used in neutral evaluations for sinkhole insurance claims in Florida. Subsection 627.7074(18), F.S. was amended in 2016 …

  Air Ambulances: Insurers Call for End to Balance Billing to Consumers Consumers should not receive devastating Bills for tens of thousands of dollars for Air Ambulance Transport when Providers and Insurers cannot agree on a reimbursement, a Group representing …

  Florida’s Citizens Property Insurance Corporation (“Citizens”) advised today, June 13, 2017, that the edited version of the 2017 Personal Lines Assumptions Calendar was not emailed to the Takeout Companies at the time it was updated on the Citizens Web …

  The third meeting of the Florida Insurance Consumer Advocate’s Emergency Medical Transportation (“EMT”) Working Group is in progress this morning, June 13, 2017, until 1 p.m. (ET) in Tallahassee. To view this today’s agenda, click here. To access the …

  Flooding Prompts Miami to Consider Returning Some Homes to Nature Miami’s Shorecrest Neighborhood, near Biscayne Bay, deals with frequent flooding because of storms and high tides. Local Officials are considering forgoing the Construction of Infrastructure such as Sea Walls …

  Water damage claims litigation statistics to be reported at the upcoming Citizens Property Insurance (“Citizens”) Claims Committee meeting on June 15, 2017 do not bode well for South Florida, with 93 percent of incoming residential property lawsuits arising from …

  Florida Legal Insurance Launches Bringing Affordable Legal Services to Floridians Florida Legal is a Nonprofit Legal Insurance Organization now operating across the State of Florida and founded with a vision to ensure that all Floridians have affordable access to …

  Aon Benfield wins Florida accounts from rivals Aon Benfield placed a trio of accounts at the 1 June Florida renewal freshly won from rivals, The Insurance Insider’s David Bull reports. Aon Reports U.S. Storms in May to Cost Insurers $3B; …

Scenes from today’s Florida Hurricane Catastrophe Fund Participating Insurers’ Conference:  Colodny Fass’ Wes Strickland and Claude Mueller were on hand in Orlando to hear the event’s keynote address by Florida Insurance Commissioner David Altmaier.  To view the day’s agenda, click …