NAVIGATION

March 24, 2017

Insurance

Demotech suspends written financial guidance for Florida property insurers

Although the 57 property insurers that Demotech reviews, rates, and follows were able to respond to Florida's weather related damages during 2016, we suspend previously written guidance applicable to property insurers writing in Florida due to the recent judicial reversals of industry claims procedures which remain intact in other operating environments. Read more »
Published on 2/15/2017

Florida workers compensation a dividing issue

The fallout from the Florida workers' compensation rate hike is only just beginning and the posturing early on from stakeholders will help shape the collective response. Read more »
Published on 1/24/2017

Insuring Your Data

Smart companies know the value of making modest investments to insure the integrity of essential electronic data. Read more »
Published on 12/28/2016

Risk Strategies grows Florida presence with acquisition of Advanced Insurance Underwriters

Risk Strategies bolsters real estate expertise, growing Florida presence with acquisition of Advanced Insurance Underwriters Read more »
Published on 12/21/2016

Lumina Analytics brightens future with addition of attorney Jessica Dareneau to Tampa-based operations staff

On Dec. 13, Lumina Analytics announced the addition of attorney, Jessica Dareneau to its client services team staff in Tampa, Florida. Read more »
Published on 12/19/2016

AIF Workers' Compensation Task Force: 'Workers' compensation system concerns prove to be justified'

News release from the Associated Industries of Florida (AIF) Read more »
Published on 12/14/2016

Senate workers' comp overhaul promises to be a chore

Senate leaders are promising to take a comprehensive approach to overhauling Florida's workers' compensation system as business groups rail against a pending 14.5 percent rate hike. Read more »
Published on 12/14/2016

Litigated water claims, 'Assignment of Benefits' (AOB) to top Citizens 2017 challenges

Rising water claims and “out of control” litigation threaten the Citizens Property Insurance Corporation's long-term financial stability and will stifle efforts by Citizens to offer premium breaks to policyholders in 2017, Citizens leaders stressed during a governing board meeting on Wednesday. Read more »
Published on 12/8/2016

FOIR files notice of appeal in workers' compensation court case

The Florida Office of Insurance Regulation (Office) has filed a Notice of Appeal with the First District Court of Appeal in the Fee v. National Council on Compensation Insurance (NCCI)/Office court case. Read more »
Published on 11/30/2016

Office Takes Action on Workers' Compensation Insurance Rates

After a thorough review of the workers' compensation insurance rate filing submitted by the National Council on Compensation Insurance (NCCI) and careful consideration of hundreds of public comments and testimony received from interested stakeholders, the Florida Office of Insurance Regulation (Office) has issued an Order that gives contingent approval to an overall combined average statewide rate increase of 14.5% versus the requested 19.6%. Read more »
Published on 9/28/2016

HHS analysis shows Floridians will still have affordable health coverage options next year

An estimated 82% percent of Florida HealthCare.gov consumers could still purchase a plan for less than $75 per month, even if all final rates were to increase by double digits. Read more »
Published on 8/24/2016

Worker comp insurers looking for 19 percent rate hike

Insurance researchers are recommending a nearly 20 percent hike in workers compensation rates. The increase comes in the wake of recent court decisions. Read more »
Published on 8/17/2016

Until the wind blows: Floridians have choices for property insurance

Floridians now have more choices than just state-run Citizens. Read more »
Published on 6/28/2016

Citizens Board approves 2017 rates

Citizens Board of Governors on Wednesday approved recommended rates for 2017 that respond to rising non-weather water losses and assignment of benefit abuse that left unchecked will force rate hikes for years to come. Read more »
Published on 6/23/2016

Citizens Property Insurance releases 2017 Rate Media Kit

Citizens Property Insurance Corporation's Board of Governors on Wednesday will be asked to approve a 2017 rate package that reflects the impact of skyrocketing non-weather related water loss claims in South Florida, a troubling trend that appears to be spreading to other parts of the state. Read more »
Published on 6/22/2016

Florida health insurance rate changes

Jonathan Gold, Press Secretary at the U.S. Department of Health and Human Services issued the following statement on Florida health insurance rate changes. Read more »
Published on 5/25/2016

FOIR approves removal of up to 15,000 policies from Citizens for July 2016 take-out

The Florida Office of Insurance Regulation (Office) has approved the removal of up to 15,000 personal residential policies from Citizens Property Insurance Corporation (Citizens) for the July 19, 2016 take-out period. Read more »
Published on 5/5/2016

Health Insurance Marketplace gained 731,000 new Floridians

Newly released data also shows active shoppers saved $260 in Florida. Read more »
Published on 3/15/2016

Florida Is the state with the 3rd-highest uninsured rate post-Obamacare

With the third open-enrollment period for health insurance upon us and 11.7 percent of the U.S. population still lacking coverage, the personal finance website WalletHub conducted an in-depth analysis of 2015's States with the Highest & Lowest Uninsured Rates. Read more »
Published on 11/10/2015

Florida property insurers pass hurricane 'stress tests'

Florida Office of Insurance Regulation Stress test data reconfirms the financial strength of Florida home insurers. Read more »
Published on 10/27/2015

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Florida's 'space coast' sees major return of business, employment
Florida's 'space coast' sees major return of business, employment

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