Radey is an AV-rated firm consisting of lawyers who practice before state agencies and in all state and federal courts.
Governor Rick Scott has signed HB 99 into law, reducing Florida’s regulation of commercial insurance rates. In 2010, the legislature amended section 627.062 to provide that limited types of commercial insurance rates are not subject to prior regulatory approval. Instead, insurers writing the listed types of products can implement rate changes subject to a notice […]
Office of Insurance Regulation, Insurance Regulation News, property insurance
life insurers, Office of Insurance Regulation, Insurance Regulation News
Citizens Property Insurance Corporation, Office of Insurance Regulation, Insurance Regulation News, Rick Scott
Kevin McCarty, Office of Insurance Regulation, Insurance Regulation News, Life Insurance
The Florida Office of Insurance Regulation holds a public hearing today beginning at 9:30 to discuss life insurance claims settlement practices. The OIR delivered investigative subpoenas to MetLife and Nationwide Life. The OIR has indicated it also is looking into other insurers’ claims practices. Florida is part of a national task force reviewing these issues. […]
The Florida legislature passed Senate Bill 1816 authorizing the Florida Surplus Lines Office to implement NRRA, a Federal law designed to simplify surplus lines regulation by delegating most of the responsibility to the “home state” of the insured. How much taxation is actually simplified remains to be seen as a myriad of state laws and […]
In the property insurance arena, the legislative process is a delicate balancing act as the House and Senate attempt to make adjustments that will lead to insurance coverage that is both available and affordable while also ensuring that consumers are protected. SB 408, which recently passed in the legislature and is awaiting action by Governor […]
Citizens Property Insurance Corporation, Office of Insurance Regulation, Florida Legislature, Insurance Regulation News, SB 408
The current sinkhole claims crisis was one of the primary property insurance issues in the 2011 session. Insurers have paid more than $1 billion in sinkhole claims so far according to an Office of Insurance Regulation data call. Unfortunately, reviews found that up to 3/4 of policyholders filing these claims don’t make repairs. This has […]
