Florida employers could have to pay more in workers’ compensation premiums if regulators go along with a proposed statewide average 8.9 percent rate hike. The rate change may also trigger legislative action to clamp down on doctor-dispensed drugs and the …
Florida residents who have sinkhole insurance through the state-backed property insurer will not have to pay a proposed statewide average 447 percent increase. Citizens Property Insurance Corp. customers will also be spared big price hikes for standard coverages under several …
South Florida residents will have their say over the state-backed insurer’s proposed triple-digit increase in sinkhole rates as regulators announced they will hold a public hearing on the issue in Tampa on September 13. Insurance Commissioner Kevin McCarty said his …
Florida Chief Financial Officer Jeff Atwater has urged state insurance regulators to consider an affordable “glide path” for homeowners seeking to buy sinkhole insurance from Citizens Property Insurance Corp. Atwater questioned Insurance Commissioner Kevin McCarty about the possibility of phasing …
Florida Insurance Commissioner Kevin McCarty announced several staff changes at the Office of Insurance Regulation (OIR). Al Willis has been appointed acting deputy commissioner for Property & Casualty. Willis was the director of Life & Health Financial Oversight and has …
Florida Insurance Commissioner Kevin McCarty is back in federal court looking to end a legal battle with the Texas-based Dallas National Insurance Co. and its owner Charles David Wood, who claims the commissioner denied his insurer a license to operate …
A Texas-based workers’ compensation insurer has lost its appeal of rulings by the Florida insurance commissioner that have blocked it from doing business in the state. On Jan 20, without explanation, a three-judge panel in Florida’s First District Court of …
A Texas insurance company and its owner are suing Florida Insurance Commissioner Kevin McCarty, accusing him of being vindictive and defamatory in his efforts to ban the company from writing workers’ compensation insurance in his state. Charles David Wood and …
