Florida Insurance Council - Covering Florida Since 1962
By: Katrina Callaway, FIC General Counsel The OIR will likely implement their catastrophe data reporting for Hurricane Irma. In order to prepare for the data call, insurers may want to review the Catastrophe Reporting Form template on the OIR website (http://www.floir.com/Sections/PandC/ProductReview/CatastropheReporting.aspx) to become familiar with it. According to the OIR, it is very similar to…
By: Katrina Callaway, FIC General Counsel The OIR issued the following notice to health insurers, managed care entities, and other health entites about early prescription refills as a result of Governor Scott’s Executive Order relating to the State of Emergency due to Hurricane Irma: http://www.floir.com/siteDocuments/Hurricane_Irma_Prescription_Refill_Notification_09052017.pdf
By: Katrina Callaway, FIC General Counsel Last week, Rep. Santiago, vice chair of the House Insurance Committee, filed HB 97 which restructures part of the Florida Hurricane Catastrophe Fund (FHCF). The 2018 bill proposes fewer changes to the FHCF than the 2017 FHCF restructuring bill (which did not pass). Following are some of the highlights…
By: Katrina Callaway, FIC General Counsel Sen. Farmer filed a very unfriendly workers’ comp bill on September 5, 2017. SB 258 prohibits attorney fees paid in workers’ comp cases from being included in the insurer’s rate base and used to justify a rate or rate change. This is a major issue for the trial bar…
By: Katrina Callaway, FIC General Counsel Sen. Farmer filed a very unfriendly bill relating to insurance rate setting on September 5, 2017. SB 258 prohibits attorney fees paid under the one-way attorney fee statute (s. 627.428) in insurance cases from being included in the insurer’s rate base and used to justify a rate or rate…