Oct 4, 2016
Members of the two national task forces convened by the Federal Reserve to make payments faster and more secure have begun to review and discuss 19 specific proposals submitted by interested task force members across the payments industry that …
Oct 4, 2016
SEPTEMBER 2016 Florida Insurance Matters is a monthly update on Florida insurance-related legal developments by the Colodny Fass Insurance Litigation Practice, recognized as the 2014 Insurance Litigation Department of the Year in South Florida by the Daily Business Review. About …
Oct 4, 2016
The U.S. Department of the Treasury’s Federal Insurance Office (“FIO”) released its fourth Annual Report on the Insurance Industry on September 30, 2016. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the FIO must report …
Oct 4, 2016
Governor Scott Issues State of Emergency, Urges Caution in Florida as Hurricane Matthew Bears Down on Haiti Scott said he is Signing the Executive Order “to Ensure we have Resources for Evacuations, Sheltering and other Logistical Needs across our State.” The …
Oct 3, 2016
Comments are being accepted until October 21, 2016 by the Florida Division of Workers’ Compensation on the following proposed Rules (to view the corresponding Notice of Proposed Rule, click on the corresponding hyperlinks below): 69L-7.501: The proposed Rule is …
Oct 3, 2016
The Florida Office of Insurance Regulation (“OIR”) submitted its five-year Long Range Program Plan to Governor Rick Scott’s Office and the Appropriations Committees of both the Florida House and Senate this past Friday, September 30, 2016. The OIR is …
Oct 3, 2016
The Florida House of Representatives’ Insurance and Banking Subcommittee would be under the oversight of a newly created “Commerce Committee” as proposed by Florida House Speaker Designate in a memorandum issued Friday, September 30, 2016. The proposed committee …
Oct 3, 2016
Florida Supreme Court Rules in Ocala Sinkhole Case The Florida Supreme Court ruled in favor of an Ocala Woman in an Opinion filed Thursday. Her Case asked the High Court to consider whether she or her Insurance Company should …
Sep 30, 2016
The Florida Office of Insurance Regulation (“OIR”) advised today, September 30, 2016, that it has issued an Order establishing the 2017 commercial property rates for Citizens Property Insurance Corporation (“Citizens”). The effective date for both new and renewal rates within the …
Sep 30, 2016
Justices Say Insurer Required To Foot Legal Fees The Florida Supreme Court on Thursday said a Property Insurer must pay the Attorneys’ Fees of a Homeowner who successfully challenged the Company’s contention that her home was not damaged by a sinkhole. THE …