Category: Florida and Insurance News

Assignment of Benefits Abuse Tops Florida News for 2017 From threats of insurer ratings downgrades caused by the escalation in litigated water loss claims accompanied by an AOB, to the push for Legislative Reform to the State’s One-Way Attorney Fee …

Aflac, State Farm reach life insurance settlements  Some insurance companies managed to check death rolls quietly but quite efficiently to stop paying annuities, an investigation spearheaded by Florida officials found.  Charles Elmore reports for the Palm Beach Post’s “Protecting Your Pocket” …

Florida Senator Resigns Amid Sexual Misconduct Allegations The Resignation came hours after Republican Goveernor Rick Scott and Attorney General Pam Bondi said he should resign.   Senator Latvala criticized calls for his Resignation and said he no longer wants to serve …

Keys Metal Roof Proposal Meets More Resistance A move to require Metal Roofs for Homes and Businesses needing a new roof after Hurricane Irma damage ran into more headwinds at Wednesday’s Meeting of the Monroe County Commission.  The Keynoter’s Kevin …

Florida’s Citizens Property Insurance Plans For (Slightly) Harder Reinsurance Market in 2018 Florida Citizens aims to buy $1.45 Billion of Risk Transfer and Reinsurance for 2018, up from the $1.33 Billion purchased in 2017, likely from a mix of Traditional …

Florida’s Disposable Workers: Companies Profit From Undocumented Laborers, Dump Them After Injuries A 37-year-old Father whose dominant hand remains damaged, thought he could rely on Florida’s Workers’ Compensation System, which requires Employers to cover Medical Care and Lost Wages for …

Insurer Citizens expects to get bigger after Irma After Hurricane Irma stung property insurers for $6.3 billion in claims and counting, Florida’s state-run and second-largestcarrier expects to add customers in 2018.  Charles Elmore reports for the Palm Beach Post. Citizens …

Citizens Insurance Customer?  There’s a Change in Your Rate Change Customers who get wind-only coverage from Citizens could fare a little better, with an approved increase just under 1 percent.  The Palm Beach Post’s Charles Elmore reports for the “Protecting …

Florida Senate Eyes Possible No-Fault Insurance Repeal A key Senate Committee next month will take up a Proposal that would replace the State’s No-Fault Auto Insurance System, while a similar Bill has already sped to the House Floor.  THE NEWS …

PCI Calls on Florida Senate Insurance Committee to Approve Auto Glass Assignment of Benefits Legislation The Property Casualty Insurers Association of America called on the Florida Senate Banking and Insurance Committee to pass Senate Bill 396, which seeks to curb …