Articles by Michael Adams

Florida Governor Eyes Louisiana Official to Replace Insurance Chief McCarty

Florida Governor Rick Scott is looking for a replacement for the state’s top insurance regulator and has already contacted a potential candidate from Louisiana. Scott’s office has confirmed that the governor contacted Ron Henderson, Louisiana deputy insurance commissioner for consumer …

Uber Auto Policy Meets State Requirements, Says Florida Regulator

Florida’s insurance regulators have determined that a ridesharing company’s automobile commercial liability policy meets state regulations, but legislative action is likely necessary to clarify whether that entitles the company to legally operate in the state. Ridesharing firm Uber has been …

Florida Supreme Court Upholds Workers’ Comp ‘Exclusive Remedy’

Florida’s insurers are breathing easier after the state’s high court ruled that the state’s workers’ compensation law bars injured workers from seeking additional benefits in civil court. The Florida Supreme Court recently handed down a ruling in a case (Morales …

Florida PIP Report Shows Reduction in Rates and Fraud

Florida’s attempt to lower the cost of personal injury protection (PIP) automobile coverage is progressing as insurers’ rates have declined due in part to lower losses and fewer fraudulent claims. The Florida Office of Insurance Regulation released an annual report …

Florida Insurance Commissioner McCarty’s Reappointment in Doubt

Florida’s insurance regulator’s tenure could be coming to an end after more than a decade as the newly re-elected governor looks to shake up his administration by replacing the heads of state agencies. Rumors have been circulating that Insurance Commissioner …

Florida Court Upholds Workers’ Compensation ‘Exclusive Remedy’

Florida’s insurers are breathing easier after the state’s high court ruled that the workers’ compensation law bars injured workers from seeking additional benefits in civil court. The Florida Supreme Court recently handed down a ruling in a case (Morales v. …

Florida’s Citizens Dealing with ‘Takeout Fatigue’

Faced with a rising number of consumer complaints, Florida’s state-backed property insurer has announced a series of changes to its takeout program. The news comes as the insurer said it is highly unlikely to need policyholder assessments in 2015. Citizens …

North Carolina Home Insurers Weigh Appeal of Rate Denial

North Carolina property insurers are on hold while the industry-backed rating agency contemplates whether to appeal a decision by regulators denying a proposed 25.3 percent rate increase. The North Carolina Rate Bureau made the rate filing on behalf of the …

Florida PIP Report Shows Reduction in Rates and Fraud

Florida’s attempt to lower the cost of personal injury protection (PIP) automobile coverage is making progress as insurers’ rates have declined due in part to lower losses and fewer fraudulent claims. The Florida Office of Insurance Regulation released an annual …

FEMA Found to Have Overpaid Florida Residents by $177M

The federal agency that provides grants to states following a major catastrophe is under fire for providing Florida residents an estimated $177 million in funds that should have been covered by private insurers. A recent report by the Department of …