Legislators ask for fresh look at claims process
There’s been some fuss since summer about the number of open insurance claims from Hurricane Michael, which struck the Florida Panhandle a year ago October 10. So regulators ordered an enhanced data …
New numbers and answers from regulators
Florida Insurance Commissioner David Altmaier shared some new numbers from Hurricane Michael with returning legislators last week. He addressed lingering questions on the number of closed claims and why the number isn’t higher 11 …
Plus new counseling for young survivors
New figures show progress is indeed being made in resolving the number of open claims from Hurricane Michael. Florida insurance regulators told carriers in late July to “redouble efforts” to resolve open claims from …
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, 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 …
The National Flood Insurance Program (NFIP) is enjoying a weeklong reauthorization while Congress decides on a potential six-month extension in lieu of meaningful long-term reform. It’s another reason we here work so hard at promoting private flood insurance market solutions …