By Jennifer C. Erdelyi, Senior Associate The Florida Surplus Lines Service Office (“FSLSO”) issued Bulletin 2016-03 today, April 14, 2016, stating that Florida has withdrawn from the Nonadmitted Insurance Multi-State Agreement (“NIMA”) effective June 1, 2016.   The Bulletin also provides guidance …

  Signed by Governor Rick Scott today, April 14, 2016, HB 931 will make several changes to law relating to Florida’s Citizens Property Insurance Corporation (“Citizens”) effective July 1, 2016. The new law requires Citizens to revise its plan of …

  Florida Fines Humana Insurance In February, Humana agreed to pay a $500,000 fine for lack of cooperation in an investigation. The fine was included in a consent order. This investigation concerned charges that Humana had discriminated against people living …

  Questions Abound as Deadline To Apply To Be Florida’s Insurance Commissioner Approaches Remember that search for Florida’s next Insurance Commissioner?  Things have been relatively quiet since Governor Rick Scott refused to second a motion to appoint state Rep. Bill Hager, prompting …

  A proposed Rule published today, April 12, 2016, establishes a presumption that Florida’s statutory requirement that a public adjuster provides “prompt notice” of a claim to an insurer is satisfied if notice to the insurer is given within five …

  In a report issued today, April 12, 2016, the U.S. Government Accountability Office reported on how other countries have structured and funded their terrorism risk insurance programs.   Pursuant to a provision within the Terrorism Risk Insurance Program Reauthorization …

  Florida Leads Nation in Zika as CDC Confronts Threat Florida health officials have been pretty successful controlling recent outbreaks of Dengue fever and the chikungunya virus.  Zika is shaping up to be far more challenging, Ledyard King reports for …

  Effective October 1, 2016, certain insurers and insurance groups will be subject to the requirements of SB 1422 relating to Insurer Regulatory Reporting, which was signed into law by Florida Governor Rick Scott this past Friday, April 8.   …

  Signed into law by Governor Rick Scott on April 6, 2016, SB 1274 will now allow insurers to offer a new type of personal lines residential sinkhole insurance coverage in Florida. Effective July 1, 2016, the legislation creates s. …

  Florida Governor Signs ORSA Bill Florida Governor Rick Scott approved SB 1422 last Friday, which will implement the NAIC’s Risk Management and Own Risk and Solvency Assessment (ORSA) Model Act and the Corporate Governance Annual Disclosure Model Act.   …