Aug 12, 2016
In an Opinion issued yesterday, August 11, 2016, Florida’s First District Court of Appeal (“First DCA”) determined that it lacked jurisdiction in an appeal involving uninsured motorist coverage issued by State Farm Mutual Auto Insurance Company (“State Farm”). …
Aug 11, 2016
The Florida Office of Insurance Regulation (“OIR”) announced today, August 11, 2016, that it will conduct a rate hearing in Tallahassee on August 18 at 9 a.m. (ET) to receive public comment on Citizens Property Insurance Corporation’s (“Citizens’”) proposed …
Aug 11, 2016
Florida Office of Insurance Regulation Announces Long-Term Care Public Rate Hearings The Florida Office of Insurance Regulation will conduct two Public Hearings to receive public comment on the proposed statewide Average Rate Increases for specific Long-Term Care Insurance Products …
Aug 10, 2016
Florida Supreme Court Gets Construction Defect Insurance Question The U.S. Court of Appeals for the Eleventh Circuit wants the State High Court to interpret Florida Insurance and Contract Law and answer this question of first impression: Is Chapter 558’s …
Aug 9, 2016
Kevin McCarty, Former Florida Insurance Commissioner Joins the Advisory Board of MBF Healthcare Partners MBF Healthcare Partners announced that Kevin McCarty, Former Florida Insurance Commissioner and Former President of the National Association of Insurance Commissioners has joined its Advisory …
Aug 8, 2016
Remember the Flood Insurance Scare of 2013? It’s Creeping Back into Tampa Bay and Florida The Tampa Bay Times’ Jeff Harrington recollects that three years ago, Tampa Bay was roiling over massive Flood Insurance Rate Hikes. Important for …
Aug 5, 2016
The National Association of Insurance Commissioners’ (“NAIC”) Reinsurance Task Force has advised that public comments are due by August 22, 2016 on a draft of recent revisions to the XXX/AXXX Credit for Reinsurance Model Regulation. This comment deadline was …
Aug 5, 2016
Florida Signs Four More Life Claim Settlement Agreements The Florida Office of Insurance Regulation, Florida Department of Financial Services, and the Florida Office of the Attorney General announced late yesterday that National Life Claim Settlement Agreements have been signed with four Life …
U.S. Government Accountability Office Evaluates Potential Barriers to Private Flood Insurance Market
Aug 4, 2016
Does the current regulatory environment pose barriers to growing the private flood insurance market? This was the question the U.S. Government Accountability Office (“GAO”) set out to answer in its recent report (GAO-16-611) issued during July 2016 entitled “Potential …
Aug 4, 2016
Universal Insurance Holdings, Inc. Subsidiary American Platinum Property and Casualty Insurance Company to Launch Commercial Residential Program Receives Authorization to Add Fire, Commercial Multi-Peril, and Other Liability Lines of Business in Florida. Wife of Accused Insurance Fraudster Who …