Dec 13, 2016
The Florida’s State Board of Administration will be accepting written comments until December 28, 2016 on proposed revisions to Florida Hurricane Catastrophe Fund (“FHCF”) Rule 19-8.029, entitled “Insurer Reporting Requirements,” and the proposed repeal of Rule 19-8.030, “Insurer Responsibilities.” …
Dec 13, 2016
California Insurance Commissioner Dave Jones has issued new Anti-Steering in Auto Body Repair regulations that increase consumer protections to prevent consumers from being misled or claims delayed when a collision-damaged vehicle needs to be repaired. Announced today, December 13, …
Dec 13, 2016
The National Association of Insurance Commissioners (“NAIC”) announced today, December 13, 2016, that it has adopted a white paper on insurance coverage issues in the sharing economy for home rentals. “Home-sharing companies like AirBnb and HomeAway offer consumers the …
Dec 13, 2016
The Palm Beach Post’s Charles Elmore reported this afternoon that Florida Senator Jeff Brandes will file legislation to repeal Florida’s requirement that drivers carry Personal Injury Protection insurance. To access the bill text, click here. To read the complete …
Dec 13, 2016
The Florida House of Representatives announced the 2016 – 2018 committee and subcommittee assignments and chairs late yesterday, December 12, 2016. The Insurance and Banking Subcommittee assignments are: Burgess, Danny (Chair)Santiago, David (Vice Chair)Stark, Richard (Democratic Ranking Member)Beshears, HalseyClemons, …
Dec 13, 2016
Florida Workers’ Comp Rate Hike Continues Amid Legal Battle A Florida Appeals Court Monday said an increase in Workers’ Compensation Insurance Rates will continue amid a legal battle about whether Florida’s Sunshine Law was violated during the Ratemaking Process. …
Dec 12, 2016
Citizens Insurance Chief Sees “Absurd” Rise in Litigation Expenses “Out of Control” Litigation Costs are slowing efforts by Florida’s Property Insurer of Last Resort to shift risk onto Private Insurers, and may lead to Aggressive Restrictions on Claims for …
Dec 7, 2016
About a Third of Insurance Claims From Florida’s 2016 Hurricanes Were Denied Nearly one out of every three people who have put in a Damage Claim from the two Hurricanes that hit Florida this year won’t receive a nickel …
Dec 6, 2016
The National Association of Insurance Commissioners (“NAIC”) announced today, December 6, 2016, that it sent a letter to Vice President-Elect Mike Pence late in November to offer the Presidential Transition Team assistance with health care and other financial services …
Dec 6, 2016
On December 2, 2016, Florida Chief Financial Officer Jeff Atwater and Florida Insurance Commissioner David Altmaier hosted an insurance roundtable discussion with representatives from more than 25 insurance companies operating in Florida. Hosted at Flagler College in St. Augustine …