Tag: Office of Insurance Regulation

Jim RosicaApril 22, 2016
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3min221
Chief Financial Officer Jeff Atwater again picked state Rep. Bill Hager and two others to be interviewed for state Insurance Commissioner at next Tuesday’s Cabinet meeting. The decision came in a Thursday email. The current commissioner, Kevin McCarty, plans to leave the post this year. Hager, a former Iowa Insurance Commissioner, is Atwater’s choice but Gov. […]

Jim RosicaApril 20, 2016
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4min354
A top plaintiffs’ insurance lawyer is lauding Insurance Commissioner Kevin McCarty‘s offer to extend his departure, which was originally set for May 2. McCarty “staying on until a replacement is named is a massive blessing,” said Chip Merlin of the Merlin Law Group in Tampa. Merlin has built a business out of suing insurance companies that “deny, delay or underpay property […]

Peter SchorschMarch 21, 2016
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46min1011
Florida public records laws provide a treasure trove of information on candidates seeking top statewide positions, as well as a seemingly endless source of entertainment. Currently, the Florida Cabinet is seeking candidates for top jobs at both the Office of Insurance Regulation and the Department of Revenue. Unlike the Office of Insurance Regulation, the top […]

Drew WilsonFebruary 24, 2016
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3min611
A bill that would require insurers to take a more proactive stance on paying out life insurance benefits cleared the Senate Wednesday with a unanimous vote. SB 966, sponsored by Fort Myers Republican Sen. Lizbeth Benacquisto, would require insurers to compare their policy rolls with the Social Security Administration’s Death Master File and payout benefits. Current law allows […]

Peter SchorschFebruary 17, 2016
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2min295
As reported by FloridaPolitics.com earlier this week, the pool of applicants to replace outgoing Insurance Commissioner Kevin McCarty is so far anything but impressive. The applicant list stands at 32 interested parties, yet only three appear to be eligible based on the state’s pre-screening questions. On Tuesday, we learned that former Rep. Tom Grady would not be applying […]

Phil AmmannFebruary 9, 2016
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2min317
A Senate committee Tuesday unanimously approved a bill enabling insurance companies to sell standalone sinkhole policies for damages falling short of catastrophic loss, reports LobbyTools. The bill “would allow people to go out on the market and buy sinkhole coverage, standalone, not tied to their homeowner’s insurance,” said Sen. Jack Latvala, sponsor of Senate Bill […]

Jenna Buzzacco-FoersterJanuary 14, 2016
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2min169
Consumer advocates are calling on state lawmakers to tweak proposed legislation that removes the state’s pre-insurance inspection requirement. The provision is in two bills (SB 1036/HB 659) relating to automobile insurance. Among other things, the measure allows an insurer to opt out of the pre-insurance inspection program and create its own pre-insurance program if it […]

Ryan RayJanuary 4, 2016
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3min203
Citizens Property Insurance Corp. — Florida’s state-backed “insurer of last resort” — received approval Monday to shed another 71,500 home insurance policies from its rolls amid an ongoing effort to reduce the state’s liabilities. The Florida Office of Insurance Regulation announced two private carriers have been approved to take over the policies, which cover properties […]


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