Articles by Michael Adams

Florida Welcomes Era of Workers’ Compensation Market Stability

Florida’s workers’ compensation system has reached a rare state of rate stability, according to insurers and officials. The agency, the National Council on Compensation Insurance, filed for a one percent increase for 2014 in August, which if approved by regulators …

Insurers Hope Court Decides Soon on Florida PIP Reforms

Florida automobile insurers are hoping a court will lift an injunction that has blocked portions of the state’s 2012 no-fault law from taking effect. Florida’s First District Court of Appeals recently heard oral arguments in the case [McCarty v. First …

Florida Medical Malpractice Consent Rule Preempted By Federal Law, Says Judge

A federal judge has struck down a key Florida medical malpractice law that required a patient to allow a defending physician’s attorney to informally discuss the case with the patient’s other health care providers. The law would have allowed those …

Florida’s Citizens, Heritage Defend Controversial Takeout Deal

Florida’s state-backed property insurer found itself on the defensive in Tallahassee this week as state lawmakers inquired into a deal whereby a private insurer stands to receive millions in exchange for removing policies. Officials from Citizens Property Insurance Corp. acknowledged …

Florida Consumer Advocate Westcott Resigns for Job with Industry

Florida’s Consumer Advocate Robin Westcott has resigned to become the vice president of the American Association of Insurance Services, an Illinois-based industry organization that develops standardized forms and rating information for 700 property/casualty insurers. Westcott, an attorney, handed in her …

Court Weighs Merits of Hold Placed on Florida PIP Reforms

Florida automobile insurers are hoping a court lifts an injunction that has blocked portions of the state’s 2012 no-fault law from taking effect. Florida’s First District Court of Appeals recently heard oral arguments in the case [McCarty v. First DCA …

Mississippi Insurance Chief Wants to Sue to Stop Flood Insurance Rate Hikes

Mississippi Insurance Commissioner Mike Chaney is prepared to sue the federal government to stop the flood insurance rate hikes triggered by a recent reform law, but it remains to be seen if he can move forward because the state’s attorney …

Groups Object to Florida’s Citizens Insuring Out-of-State Policyholders

A coalition of Florida business and consumer groups is objecting to the state-backed property insurer providing coverage for 180,000 individuals who reside outside of the state and, in some cases, the country. The Stronger Safer Florida Coalition has taken aim …

Florida Approves 6.3% Increase In Citizens Homeowners Rates

Florida homeowners who secure coverage through the state-backed property insurer will see their rates increase by a statewide average 6.3 percent based on a ruling by state regulators. Homeowners with multiperil policies will see a 4.4 percent increase – or …

Florida’s Citizens Increasing Rates on Some Commercial Policies

Florida regulators have approved a first round of rate changes for the state-backed property insurer that include an 8.3 percent increase in condominium association multiperil policies. Citizens Property Insurance Corp. was also granted an 8.6 percent increase in rates for …