Live Insurance News

Uber auto insurance bill makes its way through the Florida Senate

April 28, 2015April 25, 2015 H. Cutner

A new plan has focused on app-based ride sharing transportation services. An auto insurance plan that concentrates on the coverage requirements for app-based ride sharing transportation services such as Lyft and Uber has now made its way through the Senate and has now stepped into the House in Florida. In the Senate, the ride share insurance bill, SB 1298 by Senator David Simmons, was passed by a vote of 28 to 12. The bill requires that these transportation network companies (TNC) that offer ride share programs, will need to obtain…

Deceptive travel insurance practices scrutinized by California and Florida

April 9, 2015April 8, 2015 Julie Campbell

The two states have released statements with regards to sketchy opt-out rules from some companies. California and Florida have both now issued their own statements with regards to certain selling practices that have been adopted with regards to travel insurance and the opt-out methods that are used extremely regularly. The states feel that these methods of selling the travel coverage are deceptive and are hoping to promote change. The first statement was issued by Florida in February, when the state’s Office of Insurance Regulation produced an informal memorandum. Within it,…

Health insurance plan in Florida may be set aside, for now

April 9, 2015April 8, 2015 S.Vagus

State may not be able to support the expansion of its Medicaid program at this time Plans to expand Florida’s Medicaid program may be stalling as the state’s governor, Rick Scott, withdraws his support for such an initiative. Governor Scott had been a supporter of the concept of expanding Medicaid for some time, suggesting changes to the state budget in order to accommodate the initiative. Expanding Medicaid would have brought federal funds to the state, which would have helped cover the cost of the expansion and make health insurance coverage…

Homeowners insurance policies continue to be released by Florida’s Citizens Property Insurance

March 23, 2015March 21, 2015 S.Vagus

State-run insurer finds success with its depopulation efforts Florida’s Citizens Property Insurance, which offers homeowners insurance coverage to consumers, has successfully shed the bulk of its policies over the past year. The state-run organization has been trying to depopulate itself of policies in order to address its financial issues, reducing its exposure to risks while becoming more stable and resilient against future natural disasters. The policies released by the organization have been picked up by private companies, which continue to provide consumers with homeowners insurance coverage. Citizens Property Insurance now…

1.2 million people in Florida receive coverage through state’s health insurance exchange

January 19, 2015January 17, 2015 S.Vagus

Florida’s health insurance exchange has successfully enrolled some 1.2 million people Approximately 1.2 million residents of Florida have signed up for health insurance through the state’s insurance exchange. The exchange is managed by the federal government, as Florida opted not to build its own insurance exchange some time ago. The exchange had been relatively successful in making coverage more accessible to consumers during the last open enrollment period, but the latest open enrollment period has proven to be more active, in terms of insurance policies being sold through the exchange.…

Flood insurance rates in Florida to spike for some properties

December 30, 2014December 27, 2014 H. Cutner

Non-primary residences are going to be seeing an increase in their premiums for protection against flooding. Although owners of primary residences have been breathing a sigh of relief over recent flood insurance news, the story for owners of rental properties and vacation homes will soon be quite different. The reform bill that passed in Congress in March is working to assist homeowners, but not non-primary residence owners. The owners of non-primary residences could be in for somewhat of a shock, this spring, when they receive their flood insurance policy renewals…

Severe storm could lead to insurance fraud in Florida

November 24, 2014November 22, 2014 S.Vagus

Homeowners insurance fraud storm prevention and claims

Storm-struck Jacksonville could see a spike in insurance fraud in the coming weeks A severe storm struck the Jacksonville, Florida, area earlier this week, causing significant damage to many properties. The majority of this damage was caused to roofs, which may present a major problem for those that fell victim to the storm. The Florida Association of Public Insurance Adjusters has issued a warning to those affected by the storm, cautioning them against fake insurance adjusters. In the wake of major storms, fraudulent adjusters often seek to take advantage of…