Nov 20, 2017
Florida opens delinquency proceedings for allegedly insolvent insurer Florida’s Office of Insurance Regulation is asking the state’s chief financial officer to initiate delinquency proceedings against an insurer underwriting workers compensation, claiming the company “is impaired or insolvent” or “is about …
Nov 16, 2017
People’s Trust Insurance Sues Dozens Of Its Own Policyholders In Claims Disputes The Deerfield Beach-Based Insurer, opening a new front in the long-running war over Third-Party Claims Assignments, has filed more than 80 Lawsuits against Customers it accuses of failing to …
Nov 16, 2017
Court tosses out verdict against tobacco companies A Florida appeals court ordered a new trial involving tobacco companies, THE NEWS SERVICE OF FLORIDA reports via FloridaPolitics.com. Chicken processor settles water pollution suit in Florida The company was cited multiple times …
Nov 15, 2017
The Federal Advisory Committee on Insurance (“FACI”) has scheduled its next public meeting on December 6, 2017, during which members will discuss a number of topics, including cyber regulation, the effect of natural catastrophes on the insurance marketplace, and U.S. …
Nov 15, 2017
The Florida Building Commission (“Commission”) will be accepting written comments until December 6, 2017 on proposed changes to Florida Building Code amendment procedure, as well as Rules relating to Commission organization and operations. The proposed changes, which would bring the …
Nov 15, 2017
House Wades Into Property Insurance Controversy The House Judiciary Committee approved the Proposal (PCB JDC 18-01) to revamp the Insurance Practice known as “Assignment of Benefits.” The Bill, in part, would seek to curb litigation about Claims and impose new …
Nov 14, 2017
Florida Approves Workers’ Comp Rate Decrease of Nearly 10% Florida Insurance Commissioner David Altmaier has issued a Final Order granting Approval to the National Council on Compensation Insurance for a Statewide Overall Rate Level Decrease of 9.5 percent and Premium Level Decrease …
Nov 8, 2017
The Florida House of Representatives Commerce Committee (“Committee”) met yesterday, November 7, 2017, to discuss HB 19 relating to Motor Vehicle Insurance by State Representative Erin Grall. To access complete bill information, click here. HB 19 aims to repeal Florida’s …
Nov 8, 2017
Heritage takes over policies from troubled Sawgrass Mutual Heritage said it believes the acquisition will increase the company’s operating income and make its book of business more attractive to reinsurers, the Sun-Sentinel’s Ron Hurtibise reports. Jeff Garretson, Vice President of …
Nov 7, 2017
The Florida Senate Committee on Banking and Insurance Committee (“Committee”) met today, November 7, 2017, to discuss property insurance-related managed repair programs, with the goal of better understanding the effects of these types of programs on insurers, as well as …