Radey is an AV-rated firm consisting of lawyers who practice before state agencies and in all state and federal courts.
The Consumer Advocate released his report to the legislature entitled “Claims Dispute Resolution Roundtable and Alternative Dispute Resolution Roundtable.” The report follows two separate “roundtable” discussions held by the Consumer Advocate, the first regarding claims disputes and the second pertaining to alternative dispute resolution. The report notes the appraisal process has become very costly and […]
The OIR has announced a notice of proposed rulemaking for Rule 69O-137.002, Model Audit Rule. If requested a hearing will be held on April 23, 2010. Some highlights of the rule, which attempts to match Florida’s rule with the NAIC model. 1. It now expressly requires: (a) Communication of Internal Control Related Matters in an […]
Staged accidents, phony billing, and other types of personal injury protection (PIP) insurance fraud continue to be a major problem in Florida and the investigation and prosecution of PIP fraud is a high priority for the state’s Division of Insurance Fraud. Those were the main messages of a March 5, 2010, press conference held in […]
Each year at the outset of the legislative session, there is considerable speculation as to proposals that might pass and those that will fall by the wayside. Some proposals evoke strong feelings from opposing sides of the debate, as is likely to be the case in 2010 with proposals like the “consumer choice” bill that […]
Radey Thomas Yon & Clark congratulates Taproot Creative, developer of our www.radeylaw.com website, on its recent ADDY award in the interactive media division. Taproot Creative submitted www.radeylaw.com for consideration as an example of its website development work, and the site won a silver ADDY award from the American Advertising Federation. Radey Thomas Yon & Clark […]
Senator Garrett Richter’s Cat Fund bill (CS/SB 1460) sailed through the Banking and Insurance Committee. The bill addresses the accounting problems insurers have encountered with the contract year change made in statutory amendments last year. The bill will require companies to execute reimbursement agreements in March, but provide that the contract year will still run […]
On February 22, 2010, the Office of Insurance Regulation held a workshop on potential revisions to the workers’ compensation insurance excessive profits rule (69O-189.007, F.A.C.) and its incorporated Excessive Profits Reporting Form (OIR-B1-15). The Office is engaging in rulemaking as the result of an agreement reached with the petitioner in an ongoing administrative law rule […]
Coventry First LLC is a Florida viatical settlement provider. It provided the OIR with thousands of pages of documents during OIR’s regulatory investigation of Coventry’s business in 2007. Among the documents produced to the OIR were Coventry trade secrets. When the documents were produced, the Insurance Code made the documents confidential and exempt from disclosure […]
By statute, the OIR is to adopt an administrative rule that creates a “report card” for personal residential property insurers. This is to include a letter-grade scale which grades each insurer on the number and nature of consumer complaints received by the Department of Financial Services against the insurer, the disposition of complaints, the average […]
At today’s Senate Banking and Insurance Committee meeting, the Committee responded favorably to all the proposed legislation on its agenda. SB844 amends the Insurance Code to enhance penalties for unethical annuities sales practices and provides additional consumer protections for senior citizens who purchase annuity products. SB844, introduced by Senator Bennett, was reported favorably by the […]
