In the celebration over the Florida Legislature’s sweeping insurance reforms approved last month, one statutory change has slipped under the radar a bit – one that insurance attorneys said will streamline the settlement process and could help reduce litigation. Among …
The Florida Office of Insurance Regulation’s Division of Workers’ Compensation is having a busy January. Starting today, Jan. 5, the Division of Workers’ Compensation will hold meetings on key medical reimbursement issues. The division also has posted proposed changes to …
Frontline Insurance Group, parent to two significant property insurers in Florida, has had its financial rating stability withdrawn by the Demotech rating firm. Frontline corporate leaders were not available to talk about the move. But company officials who spoke on …
Some of the best-read and most-commented-on stories in the Southeast this year were mostly about Florida’s imploding insurance market, insurer insolvencies, and hurricanes, but also included news on Georgia’s auto insurance rates and proposed legislation on roofs. The Top 10 …
Florida officials have taken strong action against two of the insurance industry’s most-detested adversaries, disbarring a notorious plaintiffs’ attorney who filed thousands of frivolous claims lawsuits, and moving to revoke the license of a public adjuster that obstructed insurers in …
The Florida Legislature’s insurance rescue bill, approved last week, won’t take effect soon enough to help policyholders and insurance agents who’ve had no response from beleaguered United Property & Casualty Co. on Hurricane Ian claims. The lack of information has …
Cincinnati Insurance Co. dodged a $4.6 million judgment last week when the Kentucky Supreme Court found that a trial judge should have preempted a jury and granted a directed verdict in a bad-faith claim. If the injured third-party plaintiff failed …
The question of whether a state guaranty fund, which assumed outstanding claims for insolvent insurers, is considered a primary payer and owes money to Medicare, will have to wait for another day to be answered – for a second time. …
Florida’s insurance commissioner on Thursday announced his resignation, effective Dec. 28, surprising some in the industry despite rumors that have swirled for the past few days. David Altmaier, who has been in the role since 2016, during one of the …
Do some Florida property insurance companies hire independent adjusters to inspect property claims, then routinely alter their inspection reports to reduce estimated losses? Yes, and it’s a widespread and fraudulent practice, according to three adjusters who spoke Tuesday at a …
