Radey is an AV-rated firm consisting of lawyers who practice before state agencies and in all state and federal courts.
Radey Thomas Yon & Clark, P.A. today announced that Florida Trend magazine ranked it among the Top 100 Best Companies to Work for in Florida. Florida Trend annually ranks the “Best Companies to Work for in Florida,” and its August issue lists the 2011 winners. The firm is one of only four Tallahassee companies to […]
Chief Financial Officer Jeff Atwater has named Robin Westcott as Florida’s next Insurance Consumer Advocate. CFO Atwater chose Ms. Westcott based on her long career in insurance regulation and her knowledge of issues that affect the insurance-buying public. “Robin will be an ardent, outspoken and persistent advocate for Florida’s insurance consumers,” said CFO Atwater. “She is committed to […]
The Florida Office of Insurance Regulation has announced that South Dakota has become the 6th state to join the Non-Admitted Insurance Multi-State Agreement. According to OIR, the six NIMA states represent 19.6 percent of the surplus lines market countrywide, according to 2009 data. The OIR believes additional states may join NIMA when the July 21, […]
Citizens Property Insurance Corporation Jim Malone created a buzz today when he suggested that Citizens’ risks should be privatized in some manner. Malone lamented that Citizens continues to grow as its rate levels remain subject to a glide path cap while the private market’s rate increase due to cost drivers in the market. So, can […]
The Florida Senate will conduct several interim projects in anticipation of the 2012 session that may be of interest to health insurers. In particular, the following projects relating to Health Regulation may have direct or indirect impacts on the health insurance market: Review 24-hour Admissions Limitations in Ambulatory Surgical Centers Review Consolidating, Eliminating, or Reorganizing […]
The Florida Supreme Court in American Optical Corporation v. Spiewak has invalidated legislation enacted by the legislature in 2005 designed to reduce asbestos related litigation in Florida. The legislature enacted the Asbestos and Silica Compensation Fairness Act to make significant changes to the cause of action for damages relating to exposure to asbestos. The Fourth […]
Each year, the legislature asks its committees to review significant issues and prepare reports in anticipation of the the next legislative session. This year is no different, and the Senate recently released its list of interim projects. Projects of the Banking & Insurance Committee can be seen in the attached document. Project 2012-11 will be […]
Insurers seeking to assume policies from Citizens Property Insurance Corporation understand the need to periodically obtain the most recent data from Citizens regarding its in-force policies. Likewise, a prospective investor group may be interested in obtaining the Citizens data to evaluate assumption opportunities and develop its business plan. Under updated procedures recently developed by Citizens, […]
The Florida Office of Insurance Regulation has issued an informational memorandum (OIR-11-05m) summarizing the minimum surplus requirements for property and casualty insurers as revised in SB 408. The bill was signed into law on May 17, 2011, and the surplus requirements became effective at that time. The new law specifies that a new insurer writing […]
The Division of Workers’ Compensation has issued 2 informational memoranda setting assessment rates for the 2012 calendar year. Workers’ Compensation Administration Trust Fund – DFS-02-2011 – The assessment rate for 2012 is 1.75%. Each year the Department estimates the amounts needed for the administration of Chapter 440, Florida Statutes. This figure takes into account the […]
