FHCF May 2018 Bonding Capacity
FHCF May 2018 Bonding Capacity.pdf
Florida Insurance Council - Covering Florida Since 1962
FHCF May 2018 Bonding Capacity.pdf
By: Katrina Callaway, FIC General Counsel The Advisory Council (Council) for the Florida Hurricane Catastrophe Fund (FHCF or Fund) met on May 17, 2018 and learned the FHCF is still financially strong despite losses to the Fund in 2017 from Hurricane Irma. During the meeting, the Council received and approved the May Claims Paying…
By: Katrina Callaway, FIC General Counsel The Division of Workers’ Compensation (Division) recently released proposed changes (click here) to the administrative rules governing reimbursement disputes between workers’ compensation carriers and health care providers. The proposed changes will be discussed during a rule workshop on May 30, 2018 from 9:00 am – 12:00 pm in Tallahassee. …
By: FIC and Greenberg Traurig The life insurance industry received a big win in court last Friday when a Tallahassee judge ruled the 2016 changes to the unclaimed property statute violated life insurers’ due process rights and enjoined retroactive application of the new law. A copy of the Judge’s Order is attached here. The…
4-24-18 FIC’s OIR Draft 2018 Claims Reporting Form Comments.pdf
By: Katrina Callaway, FIC General Counsel Florida Governor Rick Scott signed HB 533 into law last week. Starting July 1, 2018, the bill allows an insurer to condition the sale of insurance on the purchase of motor vehicle services if such services are purchased from a membership organization that as of January 1, 2018 is…
By: Katrina Callaway, FIC General Counsel Last week, Florida Governor Rick Scott signed HB 483 into law. Starting July 1, 2018, insurers and insurance agents will be allowed to give additional types of promotional and advertising gifts to insureds, prospective insureds, or others. Store gift cards, gift certificates, event tickets, goods, wares, anti-fraud or loss…
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