News
State Considering New Rules on ‘Public’ Adjusters
Revisiting an issue that has drawn heavy debate in the insurance industry, state officials on Thursday heard arguments about new regulations on adjusters who are hired by property owners to handle claims.
Post exclusive: ARE TITLE FEES FAIR? Florida costs highest in the Southeast
The title insurance business is making a lot of money for folks like William P. Foley II, the highest-paid Fortune 500 executive in Florida in 2010. Total compensation: more than $27 million from companies including the nation’s largest title insurer.
At long last, PIP reform in Florida
If at first you don’t succeed, try, try again. That famous quote, a favorite of moms everywhere, may never have been so true as when applied to the multi-year effort to pass reforms to our state’s personal injury protection insurance law (PIP).
When it comes to lobbying, Florida’s Sunshine law is dark
TALLAHASSEE — Florida has some of the nation’s most expansive open records policies, but its Sunshine Law does not adequately regulate the sometimes shadowy role of lobbyists, according to a national report released Monday.
Grading the Legislature
If last year’s legislative session was a yell, this year’s session was a yawn. The legislature did what it had to do — redistricting and budgeting — and little else.
Insurance companies could buy up to $150 million a year in tax credits under Alexander plan
Insurance companies could get up to $150 million a year combined in credits against their insurance-premium or corporate-income taxes, under a last-minute plan hatched Thursday by Senate Budget Chairman JD Alexander to raise money for the state’s public hurricane-insurance fund.
Make time for PIP reform
With the clock winding down on the legislative session, state lawmakers have one more shot at reforming Florida’s fraud-ridden no-fault auto insurance program.
Bill Newton: Senate PIP reform proposal attacks the problem of fraud, not consumer choice
Florida’s PIP system is broken and must be reformed. As executive director of the Florida Consumer Action Network and a board member of consumer groups, I’ve spent considerable time and effort on PIP legislation.
Surplus lines bill all but dead after House fails to beat opt-in amendment
A bill allowing surplus lines companies to take over policies of state-backed Citizens Property Insurance Corp. provided they have $50 million in surplus and a solid rating from a rating agency is essentially dead after the House refused to strip a hostile amendment Tuesday.
Opt-in amendment added to surplus lines legislation could kill bill
A crucial amendment allowing customers of Citizens Property Insurance Corp. to sign up for a take-out program that ushers them into a surplus lines carrier was tacked on by a narrow Senate vote Monday, which likely will have the effect of killing the bill.
Citizens bill clears Florida Senate panel
TALLAHASSEE — A proposal to shift the way the state-backed insurer pays claims is on its way to the Senate floor after being changed to lower the state’s overall risk after a major storm.
Legislators on Thursday will continue debating merits of ‘surplus lines’ insurance bill
The Florida Senate will resume debate Thursday on a bill to move Citizens insurance customers to “surplus lines” companies whose rates are unregulated.
Senate’s no-fault insurance bill heads to floor
Despite more than an hour of sometimes testy debate and flurry of proposed changes, a Senate plan to revamp Florida’s no-fault automobile insurance law left the Senate Budget Committee the way in came in, a more consumer friendly version than its counterpart across the hall.
Senate kills, then resurrects workers-comp bill
With one business lobbyist likening the bill to “Lazarus,” a Senate panel Tuesday kept alive a controversial proposal about doctors dispensing drugs to workers-compensation insurance patients.
Stuck in neutral? Automobile insurance changes stall in Senate
A push to change the state’s no-fault auto insurance law stalled Tuesday in the Senate.



