Tag: Florida Office of Insurance Regulation

Staff ReportsJune 2, 2017
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2min171
State regulators have approved two private insurers to assume more than 19,000 policies from Citizens Property Insurance Corp. during August. National Specialty Insurance Co., based in Fort Worth, Texas, will take over as many as 4,520 personal coastal residential policies. Southern Oak Insurance Co., of Jacksonville, will assume as many as 5,000 personal lines and […]

Staff ReportsMarch 7, 2017
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2min588
The new deputy commissioner for property and casualty insurance in the Office of Insurance regulation is Susanne Murphy, Insurance Commissioner David Altmaier announced Tuesday. Eric Johnson becomes deputy for life and health insurance, Altmaier said. “Susanne has been an invaluable resource to the office since joining in 2013,” Altmaier said in a written statement. “Over those years, […]

Michael MolineFebruary 17, 2017
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5min243
Legislation sought by regulators, insurance, and business interests to reform assignment of benefits agreements finally dropped Friday — and the first thing it would do is bar attorney fee awards to contractors who use those contracts to sue insurers. “Nothwithstanding any other law, as to suits based on claims arising under property insurance policies, attorney […]

Michael MolineFebruary 7, 2017
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4min751
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 sue their insurers for failure […]

Michael MolineFebruary 7, 2017
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5min528
The Office of Insurance Regulation and an organization that proposes workers’ compensation premium rates have filed legal briefs refuting arguments that they calculated Florida’s recent 14.5 percent rate hike in violation of the Sunshine Law. James Fee, a Miami workers’ compensation attorney fighting the increase, and a group of press and press-freedom organizations, had argued […]

Michael MolineJanuary 31, 2017
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5min498
The Associated Press, Florida Press Association, and Florida First Amendment Foundation have entered the legal battle over whether the state’s Sunshine Law covered the organization behind the state’s workers’ compensation premium increase. In a friend-of-the-court brief, the three accused the National Council on Compensation Insurance, or NCCI, of employing “an evasive device” to get around […]

Staff ReportsJanuary 30, 2017
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2min387
Florida will receive $111,000 in a multistate settlement over alleged one-sided use of the Social Security Administration’s death master file. Ameriprise Group, and its RiverSource Life Insurance Co. and RiverSource Life Insurance Co. of New York  affiliates, will pay $1.5 million in all to California, New Hampshire, North Dakota and Pennsylvania, as well as to Florida. The […]


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