Radey is an AV-rated firm consisting of lawyers who practice before state agencies and in all state and federal courts.
Effective January 1, 2022, insurers using credit reports or credit scoring for underwriting or rating purposes must provide a new notice to consumers. The notice must state: The Department of Financial Services offers free financial literacy programs to assist you with insurance-related questions, including how credit works and how credit scores are calculated. To learn […]
The Federal Insurance Office (FIO) of the U.S. Department of the Treasury (Treasury) has issued a Request for Information (RFI) seeking public input on climate-related financial risks and their impact on the insurance industry. The RFI requests written comments from interested parties on or before November 15, 2021. As background, the FIO points out that […]
credit-based pricing, underwriting guidelines, underwriting, Insurance Regulation News, auto insurance
ISO, auto coverage, underwriting, property and casualty insurance, Insurance Regulation News
The Florida Department of Financial Services has issued a reminder to insurance agents and agencies that referral fees for inspectors are prohibited. DFS points out that an insurance agent, customer representative, or agency employee is prohibited from directly or indirectly accepting any compensation, inducement, or reward from an inspector for the referral of the owner […]
Bills working their way through the 2015 legislative session would limit the use of drones with imaging devices, but would allow legitimate uses such as for insurance underwriting or claims activity. SB 766 and HB 649 are moving through their respective chambers and would amend Florida’s Freedom from Unwarranted Surveillance Act. The bills would restrict […]
The Office of Insurance Regulation has released its 2014 annual report on the state of the Florida workers’ compensation insurance market. The report concludes that the market currently is competitive, well-capitalized, and robust. The report points out that six of the 10 largest workers’ compensation insurers in Florida are Florida-domiciled, up from four in the […]
