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The Florida Office of Insurance Regulation (OIR) has released the final version of the actuarial report of Pinnacle Actuarial Resources relating to the anticipated savings under 2012’s Personal Injury Protection (PIP) reform law. The report estimates the indicates savings associated with HB 119 passed in this year’s legislative session. Most of the provisions of the […]
Office of Insurance Regulation, Insurance Regulation News, Insurance Consumer Advocate, lender-placed, NAIC, Robin Westcott, Insurance Regulation
Florida’s Insurance Consumer Advocate Robin Westcott raised concerns about Citizens Property Insurance Corporation’s mitigation reinspection program at its recent board and committee meetings. Ms. Westcott also issued a press release saying that the inspection process is confusing, has inequitable results, and serves as a threat to Florida’s already vulnerable economy. “The current inspection process is working against the very […]
The Tampa Bay Times published an interview with Insurance Consumer Advocate Robin Westcott today covering a range of topics. Among the topics discussed, the Tampa Bay Times asked whether she sees the Supreme Court’s ruling on the Affordable Health Care Act is a positive or negative for consumers. Ms. Westcott commented, “I’m concerned about the […]
The legislature passed a bill in the recently concluded 2012 session changing the way Citizens will recover deficits through assessments. The bill was unique in that it enjoyed broad support from the Office of Insurance Regulation, the Insurance Consumer Advocate, Citizens Property Insurance Corporation and the insurance industry. Despite this support, the proposal was in […]
The Florida House of Representatives has advanced HB 1127 by a vote of 89-25, sending it to the Senate for consideration. This is the bill that would decrease the reliance of Citizens Property Insurance Corporation on regular assessments, shifting instead to more of an emergency assessment-based approach. This is a rare bill in which Citizens, […]
PIP, Insurance Regulation News, Insurance Consumer Advocate, Rick Scott, auto insurance fraud
Insurance Consumer Advocate Robin Westcott has requested information from insurers writing personal injury protection (PIP) auto insurance. The request for information, made through an open letter to the auto insurance industry, is designed to facilitate the Consumer Advocate’s analysis of problems with PIP and potential solutions. As noted in her letter, the Consumer Advocate has […]
auto insurance, PIP, Insurance Regulation News, Insurance Consumer Advocate
Citizens Property Insurance Corporation, Office of Insurance Regulation, PIP, Insurance Regulation News, Insurance Consumer Advocate, Chief Financial Officer
