Florida Cabinet Approves Revised Wind Mitigation Feature Reporting Forms; Florida Insurance Commissioner to Address CFO’s Insurer-Related Concerns

March 9th, 2010|Daily News|

The Florida Cabinet met today, March 9, 2010, during which it considered Proposed Rule 69O-170.0155 for final adoption by the Florida Office of Insurance Regulation ("OIR"). OIR Deputy Insurance Commissioner Belinda Miller presented the OIR agenda, which was approved with minimal discussion. The approved amendments to Rule 69O-170.0155 will serve to modify two forms, OIR-B1-1802 [...]

CFO Sink Reports Increased Efforts to Combat Growing PIP Fraud in Florida

March 5th, 2010|Daily News|

In a press conference today, March 5, 2010, that was designed to draw attention to the prevalence of Personal Injury Protection ("PIP") fraud in Florida, Florida Chief Financial Officer Alex Sink joined the Tampa Police Department and Allstate Insurance Company to report on increased efforts to combat PIP-related scams. According to CFO Sink's Division of [...]

Florida Senate Passes Florida Hurricane Catastrophe Fund Contract Year Remedy–SB 1460

March 3rd, 2010|Daily News|

SB 1460, which provides a remedy for the FHCF Contract Year, was passed unanimously (38-0) by the Florida Senate today, March 3, 2010.  The House of Representatives is expected to consider HB 1460 sometime next week (March 8-12). The House version of the bill, HB 949, passed its final committee of reference yesterday. Both bills [...]

Best Wire: Insurers Allege Florida PIP Abuse While Getting Sued for a Gallon of Gas

March 1st, 2010|News Coverage|

United Automobile Insurance Co., a nonstandard automobile insurer in Florida, recently defended itself against a lawsuit for $2.59. The practice is relatively common and it is an example of the rampant abuse in the state's personal injury protection benefits system, the company said. Richard Parrillo, chief executive officer of UAIC, said PIP plaintiffs and their [...]