Radey is an AV-rated firm consisting of lawyers who practice before state agencies and in all state and federal courts.
Insurance Commissioner Kevin McCarty announced today that he is resigning as of May 2, 2016. According to a release from the Florida Office of Insurance Regulation, Commissioner McCarty is resigning to pursue other job opportunities. Commissioner McCarty has served as Insurance Commissioner since 2003, when the Office of Insurance Regulation was created in connection with other restructuring of Florida’s government. “The privilege of serving […]
The Florida Hurricane Catastrophe Fund (FHCF) has scheduled a rule development workshop for January 5 to discuss potential revisions to rule 19-8.029 relating to insurer reporting and 19-8.030 governing insurer responsibilities. These are longstanding rules that govern topics such as insurers’ reporting of exposures and losses to the FHCF. The FHCF reviews and updates these […]
The Florida Department of Financial Services is reminding licensees about key compliance issues as we ring in 2016. According to DFS, advertising issues are among the most commonly investigated. The insurance code generally prohibits advertising that is untrue, deceptive, or misleading. With respect to life and health advertising, DFS reminds licensees that advertising materials must […]
Each year seems to go by quickly, and the holidays always seem too short. The ball has barely dropped in Times Square before we are back to work thinking about what is in store for the next year. If it seems like this is taking place faster than usual in 2016, it is not our […]
As 2015 comes to a close, several aspects of this year’s insurance market stand out. Each year presents its share of successes and its share of challenges, which is expected in a cyclical industry. However, on balance we will remember 2015 for its continued stability in several key insurance markets. In Florida, our view of […]
As the year comes to a close, we reflect on the year that has passed and look forward to what is in store for 2016. Our offices will be closed for Christmas on the 24th and 25th and will reopen on Monday, December 28. We hope you have an enjoyable holiday season and we wish […]
The Florida Office of Insurance Regulation (OIR) will conduct a public hearing to discuss the application for the proposed acquisition of CarePlus Health Plans, Inc., Humana Health Insurance Company of Florida, Inc., Humana Medical Plan, Inc. and CompBenefits Company by Aetna Inc. on December 7, 2015. The next day, the OIR will conduct a public […]
The Department of Financial Services recently published a short article in its Insurance Insights newsletter relating to what constitutes a referral fee, marketing or advertising gift, or unlawful inducement. Insurance licensees will recognize these labels from references to them in the Unfair Insurance Trade Practices statute (Section 626.9541) and Section 626.112(8). Although each situation is fact-specific and […]
The Florida Department of Financial Services recently highlighted its divisions that work to reduce fraud in Florida. Insurers are familiar with the state’s Division of Insurance Fraud, which investigates instances of possible insurance-related fraud. DFS points out that the range of fraudulent activities can include staged car accidents to fake water leaks for insurance payments, to […]
The Florida Office of Insurance Regulation has scheduled hearings on consecutive days in December relating to major pending health insurance acquisitions. On December 7, the OIR will hold a public hearing on Aetna, Inc.’s proposed acquisition of CarePlus Health Plans, Inc., Humana Health Insurance Company of Florida, Inc., Humana Medical Plan, Inc., and CompBenefits Company. […]
