Tag: Florida Office of Insurance Regulation
Fireworks retailers are saying to stock up beofre a possible shortage.

Michael MolineOctober 15, 2018
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3min241
An “extremely preliminary” report from the Office of Insurance Regulation shows that roughly 38,000 Hurricane Michael-related claims have come into Florida carriers thus far, and that paid losses have reached $5.7 million. “These numbers are extremely preliminary and will continue to rise in the days and weeks to come,” office spokesman Jon Moore said via email. […]

News Service Of FloridaSeptember 12, 2018
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3min83
State Farm Florida this week dismissed a lawsuit that stemmed from a woman filing a public-records request for information that the company submitted to regulators about the controversial insurance practice known as “assignment of benefits.” State Farm filed the lawsuit in July against the Florida Office of Insurance Regulation, arguing that the information should be […]

Michael MolineAugust 28, 2018
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4min178
The ratings agency that recommends workers’ compensation insurance premium levels in Florida on Monday recommended a 13.4 percent reduction, to take effect Jan. 1. A summary released by the National Council on Compensation Insurance, or NCCI, cites “continued significant improvement in loss experience.” “This is consistent with prior experience filings in Florida and in line […]

Staff ReportsAugust 13, 2018
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4min89
Hurricane Irma should have been warning enough, but insurance regulators in Tallahassee are underscoring the imperative for homeowners to make sure they’re carrying enough insurance, including flood coverage. Most flood policies typically take effect 30 days after purchase, officials said in a written statement issued last week. With the 2018 hurricane season nearing its peak, there’s […]

Michael MolineMay 14, 2018
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5min129
Details of insurance claims gleaned for the ongoing battle against assignment of benefits (AOB) abuse are “trade secrets” that should be shielded from public view, a new lawsuit says. Universal Property & Casualty Insurance Co. recently filed in Leon County Circuit Civil court against the Office of Insurance Regulation (OIR), seeking to block it from complying with a public records […]

Michael MolineApril 24, 2018
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8min111
Daytona Aircraft Services had a beef with its workers’ compensation carrier — it believed the insurer had misclassified its operations, and that the mistake was costing $18,000 per year in inflated premiums. The company presented its case Tuesday before the Florida Workers’ Compensation Appeals Board, an independent forum overseen by the state Office of Insurance […]

News Service Of FloridaDecember 1, 2017
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5min81
More than 20 managed-care organizations are seeking state Medicaid contracts that could be worth up to $90 billion over a five-year period. A review of state records shows that a total of 21 managed-care organizations are seeking to be part of Florida’s Medicaid program, which provides health coverage for the poor. Southeast Florida, specifically Broward, […]

News Service Of FloridaOctober 25, 2017
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5min108
After past efforts have gotten bogged down, the Florida Legislature may finally approve legislation that, according to Sen. Tom Lee, would provide concierge medicine to the masses. Lee’s bill (SB 80), which would help lead to the use of “direct primary care” agreements, was approved unanimously Tuesday by the Senate Health Policy Committee. Business associations […]


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