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Florida

Hurricane Shelter Plan

The creation of new public faculties across Florida has contributed to a significant increase in the number of storm shelter spaces, according to a plan approved this. The Division of Emergency Management presented its updated statewide crisis plan to the cabinet at a meeting held at a Florida Keys elementary school. A combination of hurricane shelter surveys, retrofitting existing schools and building new schools to meet shelter design criteria has created more than 939,000 public shelter spaces over the last 12 years, emergency management officials said. More than half of those spaces were created through the construction of new public… Read More »Hurricane Shelter Plan

April Bound Accounts

CALIFORNIA – Lessors Risk Package- Apartments and mercantile, Total premium $15,522.45 – Vacant building- squeaked under the x renewal price. $9,000 – Apartment with law and ordinance – $9,240 – Home health care – $3,000 – Large Electrical Contractor – $51,000 FLORIDA, GULF COAST & TEXAS – Supermarket – Hialeah, FL, multiple losses $40k package – Paving Contractor, FL – GL/ XS/IM $60,000 – FL – Excess Cargo – air freight carrier for gold and silver shipments – $38,000 – FL Panhandle- Wind Only – $19,000 – FL – Banquet Hall GL/LL – $19,000 – FL – Schedule of Vacant… Read More »April Bound Accounts

Florida Personal Injury Protection Law

A bill (HB 119) designed to reduce the fraud in the state’s personal injury protection insurance was passed Friday in the Florida House of Representatives. PIP fraud results in higher costs to customers through increased premiums. In some places, that translates into hundreds of extra dollars per year. Lawmakers passed PIP coverage in 1972 to ensure that anyone hurt in an automobile wreck could get medical treatment. The legislation mandated that a driver’s insurance company pay up to $10,000 to cover medical bills and lost wages after an accident  regardless of fault. All Florida drivers are required to carry no… Read More »Florida Personal Injury Protection Law

New Enhancements to Real Estate E&O Program

We are proud to announce that we’re now offering an exclusive Real Estate Errors and Omissions Liability protection. Easy Way to Quote and Bind Online We offer an advanced and intuitive online application that allows to facilitate the quotation, binding and policy issuance process for our customers. For qualified applicants, a quote and policy may be processed in minutes. Coverage Features We’re confident that our program will bring you superior underwriting and service. That said, the policy’s coverage will remain packed with coveted features and include 2 free hours of access to a toll-free, confidential risk management hotline and, for qualifying risks, new coverage… Read More »New Enhancements to Real Estate E&O Program

Workers’ Comp Rate Increase in Florida is Approved

Employers in Florida will be paying more for workers’ compensation coverage next year following the state insurance chief’s approval of an 8.9 percent statewide average rate hike. Florida Insurance Commissioner Kevin McCarty said that he will approve the 8.9 percent rate bid filed by the insurers’ rating organization, the National Council on Compensation Insurance (NCCI). The new rates will apply to all new and renewal business, effective Jan. 1, 2012. In granting the rate request, McCarty noted that the state’s overall rate level has fallen significantly since lawmakers rewrote the state’s workers’ compensation law nearly a decade ago. Don’t wait… Read More »Workers’ Comp Rate Increase in Florida is Approved

Workers Comp Fraud With Check Cashing Firms

Florida officials, law enforcement officers and trade groups are working to stop check cashing companies from aiding workers’ compensation fraud in the construction industry. Officials are to investigate the role of check cashing companies in order to develop a legislative recommendations for the next year sessions. According to the officials, schemes involve individuals who set up fake companies that apply for a workers comp. policy. Subcontractors then pay the shell company to use the policy and obtain a certificate of insurance to show general contractors they have insurance. Once the job is completed, the general contractor then writes a check to… Read More »Workers Comp Fraud With Check Cashing Firms

Travelers Expands Coverage for Healthcare Organizations

Travelers has unveiled new property coverages through its IndustryEdge product for healthcare organizations. New coverages include: Ordinance or Law – Communicable Disease Contamination Coverage – This coverage pays the costs incurred to clean up and remove communicable disease contamination from a premise when mandated by an ordinance or law. Condemnation of Medical Property – This coverage pays for loss of visibly undamaged medical property that a government regulatory authority has condemned as a direct result of a covered cause of loss. Unintentional Errors or Omissions – Failure to Report Locations – This coverage is extended when the insured unintentionally fails to… Read More »Travelers Expands Coverage for Healthcare Organizations

How Important to Go Through Drill

If you ever rolled your eyes during a fire or earthquake drill, may be this short article can help to reintroduce the value of readiness exercises. Florida, for example, a state well know for it’s catastrphes and high insurane rates, annual training to prepare for hurricane season. All state agencies as well as county emergency management departments are taking part in the exercise that will test computers, communications gear and other equipment as well as personnel. Officials will be coping with simulated flood and wind hazards as well as possible tornadoes spun off from the storm. Paperless Advise: make sure you… Read More »How Important to Go Through Drill

Commercial Insurance Rates Will Go Up in Florida

Commercial insurers in Florida will have more freedom in setting rates. The Florida legislature approved CS/HB 99 that expands the list of commercial lines policies that insurers could set rates without seeking prior approval from the state’s Office of Insurance Regulation. Property Casualty Insurers Association of America assistant vice president and regional manager for Florida said: “This bill makes Florida a much more attractive place for commercial insurers to do business and create jobs. We commend the legislation and ask Gov. Scott to sign it and enact it into law.” Paperless Comment: although market should regulate itself, leaving the rates… Read More »Commercial Insurance Rates Will Go Up in Florida

New Florida Discovery Rules

How many good news from Florida have we seen lately, particularly in the area of bad faith litigation. Not too many… However, the Florida Supreme Court has declared that the liberal rules that it adopted a few years ago requiring disclosure of work product in first party bad faith cases does not apply with respect to attorney-client privileged communications. In connection with evaluating the obligation to process claims in good faith under Section 624.155, all materials, including documents, memoranda, and letters, contained in the underlying claim and related litigation file material that was created up to and including the date… Read More »New Florida Discovery Rules