Florida regulators, citing a backlog in property/casualty form filings and the need to train new staff, have extended a fast-track approval process for personal lines forms until the end of the year. Florida Insurance Commissioner Kevin McCarty this week ordered …
Florida’s state-backed property insurer requested a statewide average 6.6 percent increase in homeowners’ rates along with a cap on sinkhole rate increases in three high-risk counties at between 20 percent and 50 percent. Citizens Property Insurance Corp. officials signed-off on …
Officials at Florida’s property insurer of last resort say that it is entering the 2013 hurricane season in improved financial condition thanks in part to various private insurer policy takeouts. Those takeouts have also nearly cut in half the potential …
Florida’s Citizens Property Insurance Corp. has narrowly approved a plan allowing a domestic insurer to remove 60,000 policies and receive as much as $52 million from Citizens in exchange. A short-handed Citizens Property Insurance Corp. board of governors by a …
A Florida insurance trust that provides property insurance and other products to cities around the state has issued a $20 million private placement catastrophe bond to help pay claims due to hurricanes. Towers Watson Capital Markets, a wholly-owned subsidiary of …
Tennessee’s workers’ compensation system is going to undergo its most significant changes in decades including the creation of a new administrative court system to handle workers’ compensation claims. Governor Bill Haslam held a ceremonial bill signing at the Clarksville Foundry, …
In a victory for medical malpractice insurers and physicians, Florida lawmakers have approved a series of tort reforms that among other things will require expert witnesses testifying against physicians in a malpractice suit to be engaged in the same specialty. …
Tennessee’s workers’ compensation system is going to undergo its most significant changes in decades including the creation of a new administrative court system to handle workers’ compensation claims. Governor Bill Haslam held a ceremonial bill signing on Tuesday at the …
Florida lawmakers approved legislation that seeks to slow the growth of the state-backed property insurer by diverting new policies into the private market while largely retaining the status quo for the insurer’s current 1.27 million policyholders. By an overwhelming margin …
A Florida judge has upheld his temporary injunction partially blocking portions of the state’s automobile no-fault insurance personal injury protection (PIP) law on the basis it infringes on drivers’ access to the courts. Regulators are appealing to a higher court. …
