NFIP rate hike set for Oct. 1 triggers storm of controversy

Tue Sep 24th, 2013 on     Homeowners Insurance,    

The reforms included in the Biggert-Waters Act of 2012 were directed at making the National Flood Insurance Program more financially secure. In Florida, the arguments about fiscal responsibility and actuarially sound rate structures were merely an extension of the ongoing debate over the solvency of Citizens Property Insurance Corp. — until homeowners here started to open their mail.

Mental health and insurance claims: Relief could be in sight

Wed Sep 11th, 2013 on     Health Insurance,    

Fighting with insurance companies over whether or not they will cover a claim can be one of the most frustrating and agonizing aspect of working in the medical field. Too often, clinics and physicians spend so much time trying to get an insurance company to cover the costs of certain procedures that they lose time working with the patients who need them.

Citizens: ‘Greetings. You have been selected for depopulation.’

Sat Sep 7th, 2013 on     Homeowners Insurance,    

Private insurance companies will take as many as 400,000 policyholders off the books of Citizens Property Insurance Corp. by the end of 2013, if all goes as the insurance company hopes. The Florida Office of Insurance Regulation approved the plan recently as part of the state’s ongoing effort to “depopulate” Citizens by moving homeowners insurance policies from the state-backed carrier to the private market.

NFIP reforms causing ripple effect in South Florida

Fri Aug 30th, 2013 on     Insurance Law,    

The National Flood Insurance Program is a program managed by the Federal Emergency Management Agency, and Congress made some changes in 2012 that are prompting a big reaction in South Florida. Properties that are mortgaged and fall in a flood zone require flood insurance, and in Miami, that means a lot of people pay these premiums. In fact, 37 percent of all flood insurance policies cover properties in Florida, and 47,362 of those properties can be found in Miami-Dade County.

FIO, Part 4: Insurers wait, consumers wonder

Wed Aug 28th, 2013 on     Insurance Law,    

We are wrapping up our discussion of the responsibilities, accountabilities and jurisdiction of the Federal Insurance Office. The FIO was created by the Dodd-Frank Wall Street Reform and Consumer Protection Act, and insurance companies are wondering what exactly to make of it.

Insurers await modernization report; consumers wonder what FIO is – 3

Tue Aug 20th, 2013 on     Insurance Law,    

The insurance industry is one of the most highly regulated industries in the country. As a result, insurers did not warmly embrace the idea of the Federal Insurance Office, created under the Dodd-Frank Wall Street Reform and Consumer Protection Act. The federal government had to make it clear that the FIO would not be another regulator and would have only limited powers to affect an insurance company’s operations.

Super Lawyers
Florida Legal Elite
Top Lawyer - South Florida Legal Guide
Association of Corporate Counsel - South Florida Chapter
Back to top