Oct 19, 2017
U.S. Senator Bill Nelson Worries FEMA Exec Is “Fox Guarding The Henhouse” Senator Bill Nelson (R-Fla.) has demanded that FEMA ensure that its Hurricane Claims be handled in an “Open, Transparent and Independent Process” after Reports surfaced that 90% of …
Oct 17, 2017
In response to to widespread damage caused by Hurricanes Harvey, Irma, and Maria, four federal financial institution regulatory agencies announced today, October 17, 2017, that they have taken action to facilitate the recovery process by temporarily easing appraisal requirements for …
Oct 17, 2017
Hurricane Irma Insurance Claims In Florida Approach $5 Billion Hurricane Irma related Insurance Claims in Florida have increased further in the last week, rising around 8.5% to almost $5 Billion, with almost 32% of Claims now Closed, according to the …
Oct 16, 2017
Citizens Property Insurance Corporation (“Citizens”) advised today, October 16, 2017, that the Florida Office of Insurance Regulation has approved new rules and endorsements filed by Citizens for residences held in trust. These materials will apply to personal residential new business …
Oct 16, 2017
Insurance regulators nationwide are being challenged to see who can get the most “steps” in at the upcoming National Association of Insurance Commissioners (“NAIC”) Fall 2017 National Meeting, which convenes in Honolulu, Hawaii from December 2-4. The event includes the …
Oct 16, 2017
After Irma: Why Are 90% Of Flood Claims Being Denied? Nine out of 10 Flood Claims resolved by the National Flood Insurance Program in the early going after Hurricane Irma have been closed without payment, Federal Records provided to Florida …
Oct 13, 2017
Joe Negron: “Nothing Nefarious” In Gary Farmer’s Re-Assignment State Senator Gary Farmer was taken off the Chamber’s Banking and Insurance Committee, but Senate President Joe Negron told FloridaPolitics.com’s Peter Schorsch there was “Nothing Nefarious” about the Removal. House Insurance Chairman …
Oct 12, 2017
Presentations on hurricane-related insurance issues and a discussion on property insurance-related post-loss assignment of benefits accounted for the majority of the Senate Committee on Banking and Insurance (“Committee”) interim meeting yesterday, October 11, 2017. To access the meeting materials, audio, …
Oct 12, 2017
Florida Appeals Court Upholds Major Tobacco Verdict Though it raised concerns about a jury instruction, a State Appeals Court Wednesday upheld a nearly $35 Million Verdict against R.J. Reynolds Tobacco Company in the Death of a Longtime Smoker. THE NEWS SERVICE OF …
Oct 11, 2017
The Florida Office of Insurance Regulation (“OIR”) announced today, October 11, 2017, that it has introduced a new subscription service that allows consumers and other interested parties an opportunity to sign up and receive their choice of several OIR-issued communications. …