NEWS

Florida Clears Insurance Agency Representatives to Work Remotely Amid Coronavirus

The Loss Recovery Law Group, PL. In normal times, Florida insurance agents are not allowed to work from home. But in response to the COVID-19 Coronavirus crisis, Florida Chief Financial Officer Jimmy Patronis, who oversees the Florida Department o...

What About My Property Insurance Claim During the COVID-19 Crisis?

The Loss Recovery Law Group, PL. On March 16, 2020, the Florida Office of Insurance Regulation (OIR) advised all insurance companies doing business in the State of Florida that they must review and update their Business Continuity Plans and/or Con...

Pressure Builds on Insurers Nationwide to Be Part of Coronavirus Business Solution

The Loss Recovery Law Group, PL. While legislators in Washington D.C and various states try to fashion financial relief for businesses interrupted by the public health actions related to coronavirus, CBS Chicago reports that outside pressure is mo...

Florida's Home Improvement Funding PACE and YGrene Programs Not Without Controversy, Insurance Journal Reports

The Loss Recovery Law Group, PL. Florida's popular "PACE" program has not been without controversy, the Miami Herald's Alex Harris reported here via the Insurance Journal today, March 4, 2020. Called the Property Assessed Clean Energy program or ...

Florida Insurance Carriers Are Seeking “Massive” Rate Increases. Is Your Insurer On the List?

The Loss Recovery Law Group, PL. Florida property insurance companies have been seeking substantial rate increases over the past few months. Their requested rate filings with the Florida Office of Insurance Regulation have ranged from 20 to 40 per...

FEMA’s Hurricane Michael Mitigation Assessment Team Issues 69 Florida-Specific Recommendations

The Loss Recovery Law Group, PL In response to a request for technical support from the Federal Emergency Management (FEMA) Joint Field Office in Florida, FEMA's Federal Insurance and Mitigation Administration's (FIMA) Building Science Branch depl...

Florida's Citizens Property Insurance To Advise Certain Policyholders of New AOB Reform Benefits

In the wake of HB 7065, the 2019 Assignment of Benefits Reform Bill, Florida's Citizens Property Insurance will be mailing specific information to certain current policyholders during February 2020 on what effect these reforms may have on rates. F...

Florida Insurance Agent “Exchange of Business” and “Receipt of 24 Risks” Rules Being Amended

Two regulations relating to property and casualty insurance agents who write business outside of companies the agent is appointed to represent are being reviewed for development as of February 12, 2020 by the Florida Division of Insurance Agent and A...

Florida Office of Insurance Regulation Approves Plan to Provide Seamless Coverage for Anchor Property and Casualty Insurance Company Policyholders

Policyholders will have guaranteed access to insurance coverage from Homeowners Choice Property and Casualty Insurance Company On Thursday, February 13, 2020, Florida Insurance Commissioner David Altmaier signed a Consent Order approving a plan for ...

Florida CFO Jimmy Patronis, Lawmakers Introduce Insurance Post-Disaster Consumer Protection Bill

During early February, Florida CFO Jimmy Patronis joined bill sponsors Senator Tom Wright and State Representative Chuck Clemons to congratulate the passage of their legislative package, Senate Bill 1492 and House Bill 1137, which would extend the am...

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