Radey is an AV-rated firm consisting of lawyers who practice before state agencies and in all state and federal courts.
The Florida Office of Insurance Regulation has released its most recent annual report on the state of the Florida insurance market. The report describes the organizational structure of the Office of Insurance Regulation. In addition, the report discusses the economic impact of the insurance industry in Florida, stating that the industry accounts for $19.9 billion […]
It is not news to say that health insurance markets are typically dominated by a few big carriers. The question is not whether health insurance markets are concentrated, but instead the operative question is exactly how concentrated are they? In the 2010 edition of its Competition in Health Insurance: A Comprehensive Study of U.S. Markets […]
House Speaker Dean Cannon recently announced the creation of a select committee to consider the government reorganization and deregulation initiatives that have been gaining so much attention recently. Speaker Cannon asked Speaker pro tempore John Legg to serve as the chairman of the select committee and Rules & Calendar Chairman Gary Aubuchon to serve as the […]
Some familiar names at the Office of Insurance Regulation have moved to new positions. Belinda Miller, formerly Deputy Insurance Commissioner overseeing the property and casualty area, has been named acting General Counsel. She moves into this position following the retirement of former General Counsel Steve Parton. Robin Westcott has been named acting Deputy Insurance Commissioner […]
Sunshine State Insurance Company’s suit in Leon County Circuit Court that sought declaratory and injunctive relief against the State Board of Administration (SBA) has been dismissed because the insurer failed to exhaust its administrative remedies. The lawsuit related to loss reimbursement in connection with the SBA’s Florida Hurricane Catastrophe Fund (Cat Fund) Reimbursement Contract for […]
Today Judge Roger Vinson of the U.S. District Court for the Northern District of Florida – Pensacola Division agreed with Florida and twenty-five other states that the federal government cannot force its citizens to buy health insurance as it sought to do in the Patient Protection and Affordable Care Act as amended (“PPACA”). After concluding […]
The Florida Hurricane Catastrophe Fund is scheduled to hold a hearing today on proposed rules that would incorporate changes to its data reporting and retention requirements. The various forms insurers must use to report losses to the FHCF and the information they must maintain for audits are set forth in, or incorporated into, administrative rules. […]
The Florida Senate is again taking steps toward a state constitutional amendment in opposition to the federal Affordable Care Act. The legislature pursued an amendment last year (Amendment 9), but state courts precluded it from appearing on the ballot by finding the ballot summary to be misleading. The Senate Judiciary Committee has passed a resolution by a […]
The Office of Insurance Regulation has issued a letter to insurers providing guidance on annual statement reporting for reinsurance contracts with reinsurers subject to reduced collateral requirements. The OIR has adopted an administrative rule allowing insurers to take credit for reinsurance with certain highly-rated reinsurers even when those reinsurers do not meet the full collateralization […]
Governor Rick Scott issued his first executive order promptly upon taking office, issuing Executive Order 11-01 relating to rulemaking by Florida’s administrative agencies. The executive order specifies that all agencies under the direction of the Governor should immediately suspend rulemaking and should not move forward with any notices of rule develoment, amendments to existing rules, […]
