WJXT in Jacksonville (News4Jax) recently highlighted how the windshield replacement scam is affecting Duval County residents. The news report advised viewers to be on the lookout for door-to-door solicitors who approach residents asking for their auto insurance information and trying to get them to file claims. News4Jax called this what it is— a scam. They […]
The Florida Association for Insurance Reform (FAIR) presented its Founder’s Award to Joe Petrelli and Sharon Romano of Demotech, Inc. FAIR is a non-profit educational organization that educates consumers and industry stakeholders about issues involving insurance public policy. The 2015 FAIR awards banquet provided an opportunity to reflect on the history of the Florida insurance […]
Florida Insurance Commissioner Kevin McCarty received the Lifetime Achievement Award from the Florida Association for Insurance Reform (FAIR) at its 2015 awards banquet. FAIR is a non-profit association that works to educate consumers and industry stakeholders about the effects of insurance public policy considerations. FAIR attempts to encourage dialogue among consumers, insurers, public adjusters, the trial […]
The Florida Office of Insurance Regulation (Office) has issued an order establishing the 2016 commercial lines rates for Citizens Property Insurance Corporation (Citizens). The overall estimated statewide average rate changes are shown in the chart below. The effective date for both new and renewal rates within the Commercial Lines and Coastal Accounts is February 1, 2016. […]
From time to time, questions arise as to whether an agent may impose credit card fees on customer transactions. The insurance code treats this issue differently for agents than for insurers. The Florida Department of Financial Services (DFS) recently summarized the ability of agents to charge credit card fees as follows: If a credit card company […]
For a variety of reasons, an agent operating an insurance agency might find it necessary to close the agency’s operations. The Florida Department of Financial Services (DFS) recently identified three key steps that agents might overlook when closing an agency in Florida. Surrender the agency license. First, DFS points out that the agent will need to […]
The Florida Department of Financial Services (DFS) recently advised in its Insurance Insights publication that it has seen an increase in the number of potentially misleading agency names following the enactment of the Affordable Care Act. Under Florida law, an agency cannot have a name that would be potentially misleading or deceptive. For example, agency […]
Floridians received some good news Saturday morning as Erika began to dissipate. Even so, storm paths and storm strengths can be difficult to predict, so many us will keep watching the Weather Channel this weekend. It’s hard to believe that ten years have passed since Florida saw the unprecedented series of hurricanes in 2004 and […]