Recent Florida Supreme Court decisions and ongoing abuse in Florida’s insurance market have led a ratings company to change the criteria it uses when rating insurers in the state. The announcement comes as insurers get ready to announce their 2016 annual reports that could indicate unfavorable results for many. Ohio-based Demotech — which rates 397…
Florida Politics – Michael Moline Insurance Commissioner David Altmaier laid out his office’s solution to the insurance assignment-of-benefits problem to Gov. Rick Scott and the Cabinet Tuesday, and it includes limiting contractors’ ability to recover attorney fees in litigation against insurance companies. Florida’s one-way attorney fee statute is intended to shield policyholders against legal bills if they want to…
Florida Trend TALLAHASSEE, Fla. – Florida’s Chief Financial Officer Jeff Atwater anounced today that following the 2017 Legislative Session he will be accepting the position of Vice President of Strategic Initiatives and Chief Financial Officer of Florida Atlantic University. In this capacity Atwater will lead strategic initiatives and economic development opportunities for FAU as well…
If you missed the Florida Chamber Insurance Summit, February 1-3, 2017, read the news that was generated about rising property insurance rates, PIP, workers comp and so much more. South Florida’s leaky pipe problem poses risk to homeowners insurance By Mary Ellen Klas, and as reported in the Tampa Bay Times Five Things You Need…
TALLAHASSEE — Florida’s no-fault auto insurance system could be nearing the end of its road. Legislation has again been filed to eliminate personal-injury protection coverage and require motorists to carry bodily injury liability coverage. And lawmakers were told last week that personal-injury protection reforms — championed by Gov. Rick Scott and state Chief Financial Officer Jeff…
DAYTONA BEACH – It’s not uncommon for plumbers called in to fix a broken pipe to ask a homeowner to sign an assignment of benefits form before making repairs. Faced with the immediate need, many agree to sign, which transfers the right to file an insurance claim to the plumber. In most cases, there is nothing…
News4Jax – Jim Saunders, News Service of Florida TALLAHASSEE – In a defeat for medical providers, a divided Florida Supreme Court on Thursday sided with Allstate Insurance Company in a dispute about fees paid to care for auto-accident victims. The 4-3 ruling focused on the personal-injury protection insurance system and attempts by Allstate to reimburse…
The exclusive and free online guide from the Palm Beach Post offers multiple financial safety ratings on more than 100 companies operating in the state, along with data crunched by the newspaper to show which insurers generate the most complaints. The guide also provides company contact information to help homeowners shop around. Continue to Property Insurance…
Miami Herald The timing of the resignation by Gov. Rick Scott’s former environmental secretary, Jon Steverson, has stirred plenty of talk in the state Capitol. Amid House criticism of the size of the legal expenses in a long-running multi-state dispute over water rights, Steverson submitted his resignation a week ago Friday, Jan. 20, to take…
Miami Herald – Kristen Clark, Steve Bousquet Four days after Republican Gov. Rick Scott suggested lawmakers should be prohibited from working for law firms that lobby the Legislature, Florida Senate President Joe Negron says he is “stepping away” from the law firm he works for. The Stuart Republican announced his resignation in a statement today — provided by his Senate…