Florida Insurance Council - Covering Florida Since 1962
By: Katrina Callaway, FIC General Counsel On September 20, 2018, in a 4-3 decision, the Florida Supreme Court decided a bad faith case against GEICO (Harvey v. GEICO). In the opinion, the Court reaffirmed its holding in Boston Old Colony v. Gutierrez and Berges v. Infinity Insurance Co., two of the seminal bad faith cases…
By: Katrina Callaway, FIC General Counsel The 4th District Court of Appeal ruled for the insurer, Ark Royal Insurance Company, in an AOB case on September 5, 2018. The opinion can be found here. The District Court of Appeal is the second level in the Florida court system. The Supreme Court is the highest…
FOR IMMEDIATE RELEASE: August 28, 2018Contact Info: Karen Kees, (850) 413-2515, Press@floir.com OIR Receives Annual Workers’ Compensation Rate Filing TALLAHASSEE, Fla. – The Office of Insurance Regulation (OIR) has received the 2019 Florida workers’ compensation rate filing by the National Council on Compensation Insurance (NCCI), which proposes a statewide average premium decrease of 13.4%. The…
By: Katrina Callaway, FIC General Counsel On August 27, 2018, the National Council on Compensation Insurance (NCCI) filed for a 13.4% rate decrease for Florida effective January 1, 2019. Last year the OIR approved a rate decrease of 9.5%. This year’s filing is based on experience data from policy years 2015 and 2016 with the…
By: Katrina Callaway, FIC General Counsel The Office of Insurance Regulation (OIR) is holding a second rule development workshop on proposed rules relating to the registration of pharmacy benefit managers (PBMs) by OIR. The workshop is set for September 12, 2018. The first workshop was held in May 2018. A copy of the latest…
By: Katrina Callaway, FIC General Counsel On August 20, 2018, the Florida Hurricane Catastrophe Fund (FHCF) held a rule workshop on proposed changes to their reimbursement contract rule and the actual reimbursement contract with its addendums. The FHCF will accept written comments on the proposed changes until August 24, 2018. They plan to submit the…