PIP insurance reform advances from state Senate committee
\n(Miami Herald © 02/03/2012) (Registration Required)\n
The Florida Senate’s plan to reform the no-fault auto insurance program has already achieved what its counterpart in the House has not: unanimous approval from a committee.Insurers and b");
document.write("usiness groups have sided in favor of the House proposal, while Democrats, consumer advocacy organizations and attorneys have lined up against it. But the Senate legislation received almost universal support...\n
Office Announces a Multi-Agency, Multi-Million Dollar Agreement with Prudential for Life Claims Settlements
\n(Florida Office of Insura");
document.write("nce Regulation © 02/03/2012)
TALLAHASSEE, Fla. ? The Florida Office of Insurance Regulation (Office) along with the Department of Financial Services (DFS) and the Office of the Attorney General (AG) today announced a multi-million dollar settlement agreement with Prudential Insurance Company of America and its affiliates (Prudential). By entering this agreement, Prudential is taking a leadership role in the industry to invest...\n
Federal Insurance Office Says Overdue Regulation Report Still Weeks Away
\n(Insurance Journal © 02/03/2012)
The Treasury Department?s Federal Insurance Office was expected to complete and send its highly anticipated report on modernization of insurance regulation to Congress in January. But now, it looks like it may take a bit longer....\n
Florida CFO Jeff Atwater Announces Arrest of Miami Clinic Owner for Filing Fraudulent PIP Claims
\n(Florida Department of Financial Services © 02/02/2012)
TALLAHASSEE?Florida Chief Financial Officer Jeff Atwater announced today the arrest of a Miami clinic owner for submitting fraudulent Personal Injury Protection (PIP) claims from his unlicensed clinic....\n
Small business healthcare plans
\n(Florida Trend © 02/01/2012)
Florida insurance agents say the premium increases their customers are seeing vary from low single digits to double digits, but a 2011 Kaiser Family Foundation annual national survey found an 8% increase in premiums for employee coverage. In Florida, the size of premium increases has much to do with geography, the age of a small business's workforce and its claims history....\n
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Big ?I? and Swiss Re Launch E&O Web Resource
\n(Insurance Journal © 02/01/2012)
The Independent Agents & Brokers of America (IIABA) Big ?I? Professional Liability Program and Swiss Re Corporate Solutions have launched a new risk management website....\n
J.D. Power: Despite Jump in Auto Claims, Overall Satisfaction Unchanged
\n(Property Casualty 360 © 02/01/2012)
Satisfaction with auto claims was virtually unchanged on a quarter-to-quarter basis despite the increase in insurance claims due to weather related damage during the fourth quarter of this year, according to a consumer survey....\n
Possible Florida insurance reforms
\n(Business Insurance Daily News © 01/31/2012)
Florida has one of the most challenging insurance environments in the United States. A recent paper from the James Madison Institute suggests a series of reforms that could improve the situation. Read the paper....\n
Workers' comp exempt from excess profits law
\n(Florida Tribune © 01/31/2012)
Workers' compensation carriers would no longer be required to return “excess profits” to policyholders under a bill approved by the House Insurance and Banking Subcommittee Monday afternoon. \n\nThe bill passed along partisan lines and heads to the Economic Affairs Committee next. There is no Senate companion. The measure was supported by Associated Industri");
document.write("es of Florida, the Florid...\n
CAT Fund Needs Immediate Action
\n(Lakeland Ledger © 01/30/2012) (Registration Required)\n
For years, Florida's property-insurance crisis has remained unsolved, with an ever-building mountain of unfunded debt obligations building up, driving up consumer costs, creating unnecessa");
document.write("ry risk and uncertainty, hampering Florida's economic recovery and discouraging insurance competition for your business.\n \n \n\nEpitomizing these crises, Florida Hurricane Catastrophe Fund leadership has testif...\n
Capitol preview: What to expect this week in Florida politics
\n(Saint Petersblog? © 01/30/2012)
Three major pieces ");
document.write("of legislation arrive on the floor of one chamber or the other this week. The big legislative news this week won’t come until Friday, when the House votes on the final maps in the once-in-a-decade redistricting process. That would leave only a final Senate vote between the maps and their respective destinations — the legislative plan heading to the Florida Supreme Co...\n
Legislation puts Florida's no-fault auto insurance fraud on ropes
\n(Bradenton Herald © 01/29/2012)
Legislation championed by Rep. Jim Boyd of Bradenton gained momentum over the past week -- and deservedly so. With Florida serving as ground zero for staged vehicle accidents, bogus injuries and auto insurance fraud for several years now, the Legislature has tried but failed to adopt remedies. This session looks like the game-changer.\n\nBoyd’s measure passed through two House subcommittees las...\n
Senate PIP bill makes sense
\n(Winter Haven News Chief © 01/29/2012)
The PIP battle has been joined.\n \n \n\nPIP stands for personal injury protection. Every driver in the state of Florida is required to carry auto insurance and every auto insurance policy is required to carry $10,000 of PIP coverage.\n\nThat $10,000 is there to pay for medical treatment regardless of who i");
document.write("s at fault in an accident, a provision that has become increasingly important as the recession...\n
Reform auto insurance, but don't create crisis
\n(Orlando Sentinel © 01/28/2012) (Registration Required)\n
Another legislative session, another shot at fortifying the Florida automotive insurance against rampan");
document.write("t fraud.\n\nPersonal injury protection has long been a sucker for scam artists. The question has been how best to buffer it without undermining the effectiveness, and accessibility to treatment, in PIP coverage.\n\nThis year, lawmakers have a proposal before them that could provide an effective antid...\n
Senate Legislation Would Offer Limited MLR Exemption for Agent C");
document.write("ommissions
\n(Property Casualty 360 © 01/28/2012)
Revised legislation narrowing the proposed exemption of agent commissions from the healthcare reform law?s Medical Loss Ratio is being introduced in the Senate....\n
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