Category: Insurance Regulatory News

  House Panel Stages Civilized Discussion of Assignment of Benefits Reform The House Insurance & Banking Subcommittee held a calm, measured, largely drama-free discussion of Assignment of Benefits reform Wednesday.  Michael Moline reports for FloridaPolitics.com. ·         Debate Heats Up Over …

  Calling it an “unconstitutional taking” that Florida hospitals have the ” . . . unfettered right to set whatever outpatient prices they want without any due process safeguards to the payers,” XL Specialty Insurance has challenged the validity of …

  Florida Department of Financial Services regulations applicable to surplus lines insurers and agents relating to the collection of taxes are being proposed for repeal, inasmuch as their functions are now governed by the Florida Surplus Lines Service Office. The …

  Debate Heats Up Over Property Insurance Claims With Insurers and Regulators blaming a surge in water-damage claims for higher property-insurance rates, Florida Lawmakers began grappling with a controversial debate that includes Homeowners, Contractors, Insurance Companies and Trial Lawyers.  THE …

  Contractors mount defense of assignment of benefits agreements During a hearing today, the Senate Banking and Insurance Committee heard from defenders of AOB agreements, FloridaPolitics.com’s Michael Moline reports.   Negron will renew push to end insurance industry’s jobs credit …

  In a report issued today, January 9, 2017, the U. S. Government Accountability Office (“GAO”) said that the Federal Emergency Management Agency (“FEMA”) has yet to revise its compensation practices for Write-Your-Own (“WYO”) companies to reflect actual expenses as …

  Senate Bill Offers Redress for Hurricane-Damaged Home Florida bore the brunt of Hurricane Matthew last fall. For Homeowners who suffered damage, a particular burden was imposed, via Property Appraisals that fit the period before the storm wrecked their houses.  …

  South Florida Con Artists Turn “Sober Homes” Into Insurance Scam Hundreds of barely regulated Sober Homes have proliferated in Palm Beach and Broward Counties over the past decade.  Many are tied into very lucrative Addiction-Treatment Programs eligible for Medical Insurance …

    Panel seeks changes to Florida’s workers’ comp billing and new drug formulary A state workers’ compensation advisory panel voted Wednesday to ask the Legislature to consider letting regulators establish a drug formulary, Michael Moline reports for FloridaPolitics.com.   …

  FPL Looks to Recoup Hurricane Matthew Costs Florida Power & Light is seeking approval to collect $318.5 million from customers to recoup costs from Hurricane Matthew and to replenish a storm reserve, according to documents filed at the Florida …