Last week, our blog discussed how those entrepreneurs looking to make their dreams of owning and operating a small business a reality will need to ensure that they devote adequate attention to completing mundane yet crucial tasks, including ensuring that they are in compliance with Florida’s insurance law.
When an entrepreneur finally decides to move ahead with their plans for starting a small business, it will initiate a process that is equal parts excitement and exhaustion. That’s because in addition to doing everything in power to seeing their vision for a thriving enterprise become a reality, the budding small business owner will also have to handle a host of far more mundane yet crucial tasks.
Over the course of the last year, our blog has been closely following the growing debate over the utility and even the future of personal injury protection — otherwise known as PIP — here in Florida.
While most people view their state’s department of insurance as the government agency tasked with everything from licensing and regulating insurers to addressing complaints and controlling rates, it’s important to understand that they also exist to educate consumers about this sometimes arcane topic, enabling them to make informed decisions about their policy coverage.
If the unimaginable happens — your car is totaled in an accident, your apartment catches fire, your home is damaged in a tropical storm — you will understandably experience a host of emotions, including shock, anxiety, acceptance and ultimately peace of mind.
The Florida Office of Insurance Regulation recently announced that it will be holding a public hearing in just a few weeks to discuss requests by two of the state’s largest long-term care insurers to raise the rates paid by customers to a considerable degree.
Anyone who finds themselves in the market for a new car after the passage of a decade or more is likely going to find a considerable difference between their trusted older model and the models on the lot.
Back in April, our blog reported on a new Florida law now in effect that’s designed to combat unscrupulous tactics by insurance companies concerning payouts on life insurance policies. Specifically, the practice of insurance companies actively searching death records for annuity recipients in order to facilitate the stoppage of payments, while simultaneously making no effort to identify deceased policyholders whose unclaimed benefits could still be claimed by unwitting beneficiaries.
If you happened to watch the television news program 60 Minutes this past weekend, there’s a good chance you caught the eye-opening segment detailing how many insurance companies are wrongfully failing to pay out life insurance benefits to beneficiaries and how Florida Insurance Commissioner Kevin McCarty is leading the national charge to rectify this.
From auto and health to home and life, one of the unspoken benefits of insurance coverage is the peace of mind it grants the policyholder. Indeed, people rest a bit easier believing that even though the premiums they are paying are by no means cheap, they will nevertheless be okay from a financial perspective when it really matters.
