Florida lawmakers have approved a bill that reduces the assessment rate of the state-run property insurer to give policyholders more time to retire deficits. The bill would also reduce the financial pressure on the insurer, which would no longer have …
The Florida Senate has rewritten the House’s bill aimed at reforming the state’s no-fault auto law, adding numerous provisions that are opposed by House lawmakers. As a result, there is a chance that the issue will become the subject of …
Florida largest property insurer has named a state regulator and former state lawmaker as its interim president, effective March 12. Citizens Property Insurance Corp. announced yesterday that it has hired Tom Grady to take over as president and CEO, replacing …
A bill that would allow surplus lines policies to directly assume policies from Florida’s state-run property insurer is all but dead after lawmakers tacked on an amendment that would require policyholders to sign-up for the program. The Florida Senate by …
North Carolina regulators have recovered over $400,000 for policyholders stemming from claims filed in the aftermath of Hurricane Irene. At the same time, the regulators are calling for a five year extension in the federal flood insurance program and a …
Alabama regulators and public adjuster groups are lobbying state lawmakers to pass a bill that would allow the state for the first time to license and monitor the actions of public adjusters. Insurer groups, however, are objecting to the proposal …
Funding for the Florida’s state-run property insurer is likely to change as state lawmakers are looking to access the insurer’s total assessment base quicker and give it more time to collect funds in the event of a deficit. Citizens Property …
North Carolina’s third largest homeowners insurer is looking to reduce its exposure in the state by increasing rates and rolling back its policyholder numbers, citing steep increases in reinsurance costs. The North Carolina Farm Bureau Insurance Co. announced it will …
Florida lawmakers appear headed toward a stalemate over how to rein-in the cost of physician-dispensed workers’ compensation prescription drugs. In an effort to force a deal, Senate lawmakers are calling for a statewide average 2.5 percent rate cut if a …
How automotive glass repair companies are allowed to access glass claims has become a contentious issue in South Carolina where independent shops are trying to break a national company’s hold on the market. South Carolina lawmakers are considering an amended …
