Long-awaited reforms for Florida’s assignment of benefits (AOB) crisis that the insurance industry and consumer advocates say has led to less coverage and higher rates for Florida property owners will officially become law July 1. Florida Governor Ron DeSantis signed …
Georgia Governor Brian Kemp has suspended Insurance Commissioner Jim Beck from his position while he faces a 38-count indictment from a federal grand jury. On May 16, Kemp issued an executive order suspending Beck, effective immediately. The order came in …
Georgia Governor Brian Kemp has asked embattled Insurance Commissioner Jim Beck to resign from his post, effective immediately, saying his recent indictment “severely undermines your ability to fulfill your obligations to the people of Georgia.” In a letter sent to …
A federal grand jury has indicted Georgia Insurance Commissioner Jim Beck on 38 counts of wire fraud, money laundering and mail fraud in an alleged $2 million scheme to defraud the Georgia Underwriting Association (GUA), his former employer. Beck, who …
A Florida bill that the insurance industry says will help modernize the state’s surplus lines system, as well as impact property insurer contracts under the Florida Hurricane Catastrophe Fund and reduce “bad faith” lawsuits, is now awaiting the governor’s signature …
After seven years of failed attempts, Florida legislators passed property insurance reform to address the abuse of a policyholder benefit known as assignment of benefits (AOB). The insurance industry and consumer advocates say the abuse has caused higher insurance premiums …
The Florida House on Monday passed a compromise bill that would make texting while driving a primary offense, as well as create a hands-free area within school zones and construction zones where workers are present. The bill, House Bill 107, …
Florida Governor Ron DeSantis has signaled his support of a property insurance reform bill passed by the Florida Senate Wednesday, saying in a statement Wednesday he will sign the legislation that the insurance industry and consumer advocates say will stem …
After seven years of failed attempts, Florida legislators have passed property insurance reform to address the abuse of a policyholder benefit known as assignment of benefits (AOB). The insurance industry and consumers advocates say the abuse has caused higher insurance …
A bill the Florida insurance industry says will help reign in assignment of benefits abuse that is plaguing the state and raising insurance costs has passed its final committee in the Florida Senate and is now headed to the full …
