Florida Politics - Campaigns & Elections. Lobbying & Government.

Michael MolineSeptember 16, 2016

State regulators approved premium increases averaging 6.4 percent on homeowner policies issued by Citizens Property Insurance Corp., Florida’s state-run insurer of last resort. The Office of Insurance Regulation pared down that increase slightly from the 6.9 percent Citizens sought during a rate hearing last month. You can read the order here. The office approved rate […]

Michael MolineSeptember 16, 2016

Florida’s insurer of last resort has paid more than $90,000 in Hurricane Hermine claims. That was the tally as of Friday afternoon, with 618 claims still being processed. “Most of the claims have been filed for the Tampa Bay area — relatively far from where the storm landed,” said Michael Peltier, spokesman for Citizens Property […]

Michael MolineSeptember 15, 2016

Heritage Property & Casualty Insurance Co. has requested premium increases averaging nearly 10 percent on most Florida policy renewals effective on Dec. 1. The new rates would cover the approximately 68,200 homes and condo policies Heritage acquired last year from Citizens Property Insurance Corp. Citizens, the state-run insurer of last resort in Florida, is pursuing […]

Michael MolineSeptember 14, 2016

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Legislation targeting auto insurance fraud has produced savings on personal-injury claims of 17. 5 percent, and reduced premiums by a little more than 15 percent. Claim frequency and severity were reduced, too — by 10.2 percent and nearly 11 percent, respectively, producing a reduction in total loss costs of 20 percent. That compared to an […]

Michael MolineSeptember 8, 2016

A business coalition warned Florida homeowners Thursday against signing away their insurance claims for Hurricane Hermine damage to dodgy contractors or attorneys. The warning came amid a gathering campaign against such assignment-of-benefits agreements — sometimes known as AOBs. The effort promises to figure prominently when the Legislature meets next year. “Sadly, storms bring out scam […]

Mitch PerryJuly 21, 2016

There have been a number of problems documented in recent years at University Village on North 22nd Street in Tampa, which has been operating as a continuing care retirement community (CCRC) since 1987. The home is accused of filing false information, failing to pay more than $4 million in refunds to residents, taking on new residents while being […]

Staff ReportsJuly 18, 2016

Jeff Rainey, formerly a financial analyst for the Office of Insurance Regulation, has joined the Colodny Fass Tallahassee office. “Jeff’s highly specialized experience analyzing complex mergers, acquisitions, demutualizations, conversions and new company formations of property and casualty and specialty insurers is uniquely suited to the core insurance regulatory services of our firm,” said Wes Strickland, who […]

Jim RosicaJune 9, 2016

The state’s business lobbying groups called for legislative action Thursday after a Florida Supreme Court decision earlier that day on the worker’s compensation law. The court’s 5-2 ruling for injured St. Petersburg firefighter Bradley Westphal strikes down a provision in the law limiting the time that injured workers can get temporary disability benefits. (Story here.) Three justices, […]

Jim RosicaMay 31, 2016

The National Federation of Independent Business/Florida is adding its voice to the business groups decrying a proposed 17 percent hike in the cost of workers’ compensation insurance to employers. The rate increase “is a $623 million tax on workers in Florida that will go primarily to workers’ compensation attorneys,” NFIB/Florida Executive Director Bill Herrle said in […]

Jim RosicaMay 27, 2016

The state’s business groups are saying “we told you so” over the cost of workers’ compensation insurance. The National Council on Compensation Insurance (NCCI) has asked the state to consider a 17 percent rate hike in the cost of workers’ comp to employers. Workers’ comp is mandated by states to pay workers who get hurt on the job. The council submitted its filing to […]

Tag: Florida Office of Insurance Regulation
Image via AP.

Citizens Insurance wins 6.4 percent increase in property premiums

Assessing Hermine: Citizens Insurance pays $90,000 in storm claims

Insurer seeks 10 percent premium increase on home policies in Florida

No-fault insurance reforms appear to be lowering costs [updated]

Hermine enlisted in business campaign against insurance rackets

Ed Narain says he wants to regulate CCRC’s as working conditions at University Village in Tampa deteriorate

Personnel note: Jeff Rainey joins Colodny Fass

Business lobby upset over worker’s comp decision

NFIB/Florida joins groups opposed to workers’ comp hike

Business lobby blasts workers’ comp rate hike