State-owned Citizens Property Insurance Co. is once again seeking to increase annual rates by about 10 percent — the maximum allowable by state law — while blaming “skyrocketing nonweather related water loss claims in...
Category: Florida News
New Reimbursement Manuals Not Available Because Fee Schedules Weren’t Approved
If you’re looking for new reimbursement manuals that detail changes in Florida’s medical fee schedules, don’t bother, the Florida Division of Workers’ Compensation said this week. The Legislature this...
Jimmy Patronis announces efficiency savings in workers’ comp oversight efforts
Florida employers will save nearly $20 million in workers’ compensation premiums next year because of “sound financial management” of the state’s two compensation trust funds, Chief Financial Officer Jimmy Patronis...
Citizens rolls out new lobbying disclosure requirements
Lobbyists representing clients before the state-backed Citizens Property Insurance Corporation will soon have to disclose their efforts publicly. Citizens President and CEO Barry Gilway told Chief Financial Officer Jimmy...
Hurricane Irma-related lawsuits surged at Citizens Property Insurance Corp. early this year, representing a nearly 50 percent increase in the company’s litigation load compared to the same period in 2017. More than 90...
Assessment Rates for Division, Special Trust Funds Cut Again
The assessment for the Workers’ Compensation Administration Trust Fund will drop, from 0.97% to 0.90%, for calendar year 2019, the seventh straight decrease, the Department of Financial Services announced in a...
A restoration contractor company owner has been arrested over an alleged assignment of benefits (AOB) fraud scheme that impacted 19 homeowners in eight Florida counties and one Texas county, according to a statement from...
Flood insurance program could lapse in midst of hurricane season. What home buyers need to know
With hurricane season under way, home buyers who plan to get flood insurance through the federal government might want to speed up their purchasing process. Unless Congress takes action, the National Flood Insurance Program...
Deductibles, spoiled food, evacuation costs: New hurricane coverage pays what traditional policies won’t
Damaged roof tiles didn’t exceed your $6,000 deductible? Whip out the credit card. Evacuating and need gas and lodging? Hit the ATM on the way out of town. Now, homeowners can buy coverage that fills in those gaps. A new...
5 Questions With Stacey Giulianti, Co-Founder Of Florida Peninsula Insurance Company, On Hurricane Season
Last year was a rough hurricane season, from Harvey stalling on Houston, Irma traveling up Florida and Maria divesting Puerto Rico. What are the lessons we learned from the 2017 hurricane season? We learned a great deal of...