Imbalance between adequate and affordable rates
The Long-Term Care insurance business continues to be one of the toughest lines to offer and manage, as premiums haven’t been able to keep pace with rapidly rising medical costs and longer life expectancies. …
AOB gaining growing attention, too
The Assignment of Benefits (AOB) abuse in Florida and other states has attracted the attention of the National Council of Insurance Legislators (NCOIL) which has scheduled a general discussion on the problem at its upcoming …
The third week of legislative committee meetings
We’re recapping the third week of legislative committee meetings from January 22-24 and previewing this week’s fourth week of meetings – the first of three weeks in a row. The legislature will then …
Feds now paying 100% of debris removal
There is encouraging news to report on recovery efforts in Florida’s Panhandle from Hurricane Michael. The federal government has agreed to pay 100% on interim debris removal, FEMA is pumping $2 million into …
This past week I attended the Windstorm Insurance Conference put on by WIND (the Windstorm Insurance Network), which is an association that was formed to bring together defense and insurance company lawyers and other professionals on a variety …
AOB, artificial intelligence, automated vehicles discussed
While the Florida Office of Insurance Regulation (OIR) has adopted a wait-and-see stance now that the Supreme Court has taken up the Assignment of Benefits (AOB) issue, it devoted a lot of attention to …
Truth, or rather, objective truth, seems to be an elusive creature these days. No matter where you go, bias has seeped into every aspect, it seems, of our fragmented, postmodern society. This is not entirely wrong or necessarily bad, but …
New NFIP bills being floated in Congress
Unemployment in Florida remained at 3.3% going into this month as the convenience store chain Wawa announced it will hire 1,000 people for its Florida stores over the next three months. That sort …
Overall rate continues to decline
The number of new foreclosures is on the upswing again in Florida, despite national foreclosure activity dropping to a 13-year low. Hurricane Irma damages and related economic disruption is partly responsible. For the country as …
$52 million released to affected homeowners
Florida’s other and often-forgotten natural calamity – citrus canker – has been resolved, at least from the perspective of 84,000 homeowners who had diseased trees in their yards. After a delay of as long …