April 19, 2024
Insurance
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.
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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.
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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%.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Published on 5/5/2016
Health Insurance Marketplace gained 731,000 new Floridians
Newly released data also shows active shoppers saved $260 in Florida.
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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.
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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.
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Published on 10/27/2015
Florida is the 8th-most expensive state for car insurance
Florida drivers pay 12% more than the national average. Miami-Dade County (56% above the Florida average) has the most expensive car insurance in the state. Alachua County (32% below the Florida average) has the cheapest.
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Published on 4/27/2015
The Effect of Changes in the National Flood Insurance Program on Florida
Last year, the U.S. Congress passed the Biggert-Waters Flood Insurance Reform Act, which extends the National Flood Insurance Program (NFIP) for five years and makes changes to the program's major components, including flood insurance, flood hazard mapping, grants, and management of floodplains. [November 2013]
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Published on 11/20/2013
Calculations and choices for health insurance
Editor's column by Mark Howard
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Published on 9/5/2013
Health Insurance Overhaul
The Affordable Care Act is poised to transform Florida's health insurance system, encouraging more people to buy insurance.
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Published on 9/3/2013
A disrupted health care market in Florida
A cornerstone of the Affordable Care Act is the new health care exchanges that will sell insurance online to individuals and small businesses.
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Published on 9/3/2013
An Affordable Care Act case study
To illustrate the choices that companies face under the Affordable Care Act, consider a hypothetical firm, Florida Inc...
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Published on 9/3/2013
Opportunity amid uncertainty in Florida's health care
What do you do when the government decides to become your biggest competitor?
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Published on 9/3/2013
Insurance overhaul impact on a large employer: Bealls
Because of the ACA, Bealls says they will enforce a strict 30-hour workweek on part-time workers. Also, health care costs for full-time workers will increase.
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Published on 9/3/2013
Insurance overhaul impact on a midsized employer: Firehouse Subs
Because of the ACA, Firehouse Subs will likely have to ask full-time employees to pay a portion of their health care premiums.
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Published on 9/3/2013
Insurance overhaul impact on a small employer: Aegis Business Technologies
Pam Butler, business owner of Aegis, is not planning any changes to employee's health care coverage.
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Published on 9/3/2013
Florida's health care insurance exchange
Last year, Gov. Rick Scott rejected the option under the Affordable Care Act to set up a state-based online health insurance exchange...
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Published on 9/3/2013
Employers taking 'wait and see' attitude toward health insurance
While many expect the link between job and health insurance to disappear over time, most employers say they don't plan to stop offering health care in the short term.
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Published on 9/3/2013
