Seven North Carolina Better Business Bureaus and 148 Chambers of Commerce are receiving letters of caution from Insurance Commissioner Jim Long urging them to warn their members and citizens about the differences between legitimate health insurance and the increasingly common …
North Carolina farmers who suffered flooding losses from last year’s hurricanes will soon receive disaster-assistance grants from the North Carolina Department of Agriculture and Consumer Services. The checks issued to date will help farmers with the cost of removing debris …
Insurance companies formerly insuring Jacksonville, Fla. will pay $50 million, while the city will pay $25 million, in the $75 million settlement of a class-action lawsuit filed in 2003 by local residents. The city settled the lawsuit claiming residents were …
The Florida Office of Insurance Regulation has withdrawn proposed state-specific requirements regarding the accounting treatment of finite reinsurance, making it the second state to do so. The office has opted instead to implement the uniform standards that the National Association …
An overall 4.5 percent decrease for workers’ compensation in Florida in five major industrial classifications has been requested by the National Council on Compensation Insurance Inc. of Boca Raton, Fla. This is the third time since major reform legislation was …
The Nationwide Mutual Insurance Company has announced it is taking steps to reduce its property exposure in Florida. After these reductions, Nationwide said it will continue to serve more than 570,000 policies in Florida, including 240,000 homeowners. Nationwide will increase …
Columbus, Ga.-based Aflac Insurance has announced it will allow a 90-day grace period for premiums due from its policyholders in counties and parishes proclaimed disaster areas by the Federal Emergency Management Agency due to Hurricane Katrina. Aflac said it had …
Four South Florida locations where consumer service professionals will be assisting victims of Hurricane Katrina have been announced by Tom Gallagher, Florida’s CFO. Department of Financial Service specialists will be at: Publix Shopping Center, 12850 Biscayne Blvd. N. Miami; and …
South Floridians whose homes were destroyed or heavily damaged by Hurricane Katrina have to look elsewhere for someone to pay their lodging and repair expenses as the Federal Emergency Management Agency has refused their requests. The same day FEMA denied …
An emergency rule capping adjuster fees at 10 percent of the claim payment has been issued in Florida to prevent Hurricane Katrina’s victims from becoming “gouged” by public insurance adjusters. In addition to limiting fees, the rule contains other consumer …
