Florida business owners could see their workers’ compensation premiums go up if regulators agree to raise rates by a recommended statewide average 8.9 percent. The National Council of Compensation Insurance (NCCI) submitted their annual filing calling for the increase, which …
Florida residents in rural areas may be having fire insurance difficulties now that insurers have begun using revised community fire ratings that rate some rural counties a high risk for fire loss. The industry’s Insurance Service Office has assigned new …
Florida officials are filling out the board of governors for Citizens Property and Casualty Corp. Florida Chief Financial Officer Jeff Atwater announced the appointments of Nancy Baily and Rob Wallace to the board. Baily is a former chair of the …
South Florida residents will have their say over the state-backed insurer’s proposed triple-digit increase in sinkhole rates as regulators announced they will hold a public hearing on the issue in Tampa on September 13. Insurance Commissioner Kevin McCarty said his …
Florida employers may be under more pressure to document the status of their workers after a panel of state judges ruled that illegal residents who are injured on the job are eligible for workers’ compensation benefits. The Florida First District …
Florida insurance agents should have an easier time placing commercial policies with surplus lines carriers under a new law that allows them to offer the coverage without first scouring the admitted market for the coverage. For years, Florida required retail …
FPIC Insurance Group has agreed to settle a class action shareholder lawsuit clearing the way for its merger with Fountain Acquisition Corp., a wholly-owned subsidiary of The Doctors Co., of California. The Jacksonville, Florida-based FPIC provides medical professional liability insurance …
While state officials are trying to digest Citizens Property Insurance Corp.’s proposed triple-digit sinkhole rate increase, other elected officials are taking their case to the public. Senator Mike Fasano, R-New Port Richey, whose district has one of the highest sinkhole …
Applications are now being accepted in Tennessee for firms looking to create captive insurers under the state’s revised law. The Tennessee Department of Commerce and Insurance released a new application form for companies to use as required under a new …
Florida officials are calling for an investigation into the role of check cashing services in helping construction subcontractors avoid paying their fair share of workers’ compensation premiums. Florida Chief Financial Officer Jeff Atwater, who has called for a working group …
