Capitol to Courthouse Florida Insurance Report: Wednesday, October 31
Oct 31, 2012
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9:30 a.m.–Florida Division of Workers’ Compensation Proposed Rule Hearing; Proposed amendment to Rule 69L-5.216, entitled “Provision of Benefits and Safe Working Environment by Self-Insurers,” would clarify when Form SI-19 (Certification of Servicing for Self-Insurers) is due to the DWC or Florida Self-Insurers Guaranty Association for current and former self-insurers who contract with Qualified Servicing Entities for at least one year. To view the hearing notice, click here.
The state’s insurance consumer advocate Tuesday called for an investigation into what she called “a troubling new trend” – insurers taking premiums for years but denying claims based on customer credit history.
In response to Hurricane Sandy’s impact on the nation’s east coast, Governor Scott has contacted the Governors of Connecticut, Delaware, Maryland, Massachusetts, New Jersey, New York, Pennsylvania and Rhode Island to offer Florida’s assistance in their recovery efforts.
Florida Insurance Commissioner Kevin McCarty released the following statement regarding Hurricane Sandy.
The insurance industry is insisting that rates in Florida won’t go up because of the billions in damage that Hurricane Sandy has caused up north.
A state task force report issued Tuesday by the governor’s office provides strategies for expanding military operations in Florida while also identifying challenges to keeping bases, such as encroachment by development, the risk of oil drilling in the Gulf of Mexico and needs for new buildings or repairs.
Investors who have put their money into specialist financial bonds which cover insurance companies from huge natural disasters are unlikely to be hit with big losses from monster storm Sandy even though it is one of the biggest ever to hit the United States.
Texas’ insurer of last resort for coastal property has paid out more than $1.2 billion in individual litigation costs related to Hurricane Ike, which struck in 2008, one state lawmaker says.
Virginia regulators will soon license public adjusters to help deal with insurance companies.
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