Florida Office of Insurance | FL Insurance Information

Statement From Commissioner Kevin McCarty on the Passage of HB 1065 Out of the House of Representatives

Florida Office of Insurance — Mon, 27 Feb 2012 14:43:59 +0000

View full post on Office of Insurance Regulation - Press Releases

Tags: house, 1065, from

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Vulture Culture: Dirty Deals, Unpaid Claims, and the Coming

Florida Office of Insurance — Mon, 27 Feb 2012 10:54:46 +0000

We all dutifully write out checks for insurance coverage each month, assuming that if the worst should occur, we'll be protected financially. But what we don't know about the insurance business could -- and most probably will -- hurt us. Vulture Culture is a hard-hitting exposé of the sorry state of the industry, from tales of rampant, widespread corruption to inconsistent state regulations and the inability – and often unwillingness – of the federal government to protect the rights of denied claimants.

The book takes readers into a world of bid-rigging, fraudulent commissions, and secret payoffs, revealing shocking abuses and ominous new trends. Readers will hear about a rogue’s gallery of shady executives, including a CEO whose massive claim denial schemes eventually got him fired . . . at great cost to consumers. From the Hurricane Katrina fiasco of unpaid claims, to a revolving door in which former insurance executives regulate their own industry before returning to it themselves, this is a shocking account of an industry on the brink of collapse, and what must be done to fix it before it’s too late.

Vulture Culture: Dirty Deals, Unpaid Claims, and the Coming Collapse of the Insurance Industry

Tags: insurance industry, brink of collapse, dirty deals, sorry state, Culture, federal government

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Florida Insurance License - Will They Deny Me With This Type of Criminal Record?

Florida Office of Insurance — Sun, 26 Feb 2012 22:52:16 +0000

Pled no contest, 1st degree felony (or 3rd, whichever is the least bad). Guilt (adjudication) was withheld, so technically I wasn't convicted and only did probation.

I'm wondering if in the state of Florida, if that will eliminate me from being eligible from getting my insurance license.

Tags: Law Crime, Rick Kriseman, Insurance

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Effective Statistical Methods for Group Insurance

Florida Office of Insurance — Sun, 26 Feb 2012 10:52:54 +0000

Given the risk characteristics and the observed claim cost for the experience period, this book describes some ways in which statistical methods can be used in the calculation of net premiums for individual groups having non-identical risk characteristics and credibility generally less than one.

The applications result in unique credibility formulas that take into account the individual characteristics, and are expected to provide adequate, equitable, and competitive premiums. The underlying methods are designed to be consistent with current actuarial practice, though giving attention to occasional need for suitable modifications.

Since stop loss claim costs are a function of the behavior of the tails of their respective distributions, this part of the book assesses such claim cost using well established parametric models, and provides comprehensive tables of the corresponding stop loss premiums.

Tags: group insurance, statistical methods, individual characteristics, suitable modifications

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Insurance Commander: How to Sell Property and Casualty Business

Florida Office of Insurance — Sat, 25 Feb 2012 22:51:27 +0000

Insurance Commander: How to Sell Property and Casualty Business Insurance

Tags: Human Interest, Business, Commander, Business Finance, property, property and casualty, insurance insurance

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Ocala Florida Life Insurance

Florida Office of Insurance — Sat, 25 Feb 2012 20:50:59 +0000

Are there any Ocala Florida Life Insurance agents who will be upfront with you regarding life insurance? Are you confused about how much you need or even if you need it at all? Well, let

Tags: Ocala Florida Life Insurance agents, Human Interest, Ocala Florida, Insurance, life insurance agents, Agents and Marketers, Ocala Florida Life Insurance

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Examinations Under Oath Must Take Place at a Mutually Convenient Time and Place as Contemplated by the Insurance Policy

Florida Office of Insurance — Sat, 25 Feb 2012 15:24:40 +0000

As we have discussed before, most insurance policies have several conditions that the insured must satisfy before an insured can file a lawsuit against the insurance company. One of the most common condition is having the insured sit for what is known as an Examination Under Oath (EUO.)

An EUO is a sworn statement given by someone who has made an insurance claim. Insurance companies typically use this procedure as part of their claims handling process and investigation. But they also employ an EUO if they suspect fraud, or if they are considering disputing coverage before going into litigation.

EUO's could be tape recorded, or even video taped. But it will certainly be transcribed, and you will be sworn to tell the truth. The sworn testimony that you give will also be used by the insurance company to serve their interest, and against you, if possible.

EUO's could also often times be very intimidating. Part of that intimidation may be to employ the use of overly aggressive defense lawyer in an effort to intimidate the insured into dropping their insurance claim.

One of the most common methods used in intimidating an insured is when the lawyer hired by the insurance company insists on conducting the EUO at their office as opposed to a mutually convenient time and place.

This is critical because in the insurance company friendly ruling in Goldman v. State Farm, 660 So.2d 300, (Fla. 4th DCA 1995), the Fourth District Court of Appeal specifically held that an insured's failure to sit for an EUO could jeopardize their insurance claim. But the court also opined that the EUO must take place at, "a mutually convenient time and place as contemplated by the policy."

Therefore, and absent specific language in the insurance policy dictating specifically where the EUO must take place, it is incumbent upon the parties to mutually agree upon the location of the EUO. This is bolstered by the fact that said position was specifically set forth in the Goldman ruling.

If you are in doubt regarding your legal rights under the insurance policy, or you are in need of assistance with your insurance claim, please feel free to call us today to discuss your claim.

View full post on Florida Insurance Claim Lawyer Blog

Tags: common condition, insurance policies, specific language, insurance policy, policy, insurance companies, Insurance Claim Lawyer

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My Property in Florida Was Vandalized, Does My Homeowners Insurance Cover Vandalism?

Florida Office of Insurance — Sat, 25 Feb 2012 10:51:27 +0000

I am insured with homeowners insurance in South Florida, and my home got vandalized, doses my insurance cover Vandalism. And do I need a Florida public adjuster to represent me to my Florida homeowners insurance?

Tags: Agents and Marketers, vandalism, homeowners insurance

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Buying Individual Health Insurance Florida?

Florida Office of Insurance — Fri, 24 Feb 2012 22:54:28 +0000

I am having difficulty finding affordable health insurance here in Florida. Looking for a way to compare various plans.

Tags: Insurance, Financial services, individual health insurance, affordable health insurance, Agents and Marketers

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What Auto Insurance Companies Are Currently Appointing in Florida?

Florida Office of Insurance — Fri, 24 Feb 2012 10:51:23 +0000

I have been a licensed 2-20 Insurance Agent for a year now. I’m currently looking for auto insurance companies that are appointing in Florida. Any names and phone numbers of these companies would be a big help.
Here are lists of companies that I’m currently writing business with:
Bristol West
Progressive
Gainsco
Seminoles
I need some more companies so that I am not only limited to these four. By the way I am in the SW Florida area.
Thanks SO much for your help guys

Tags: Human Interest, auto insurance, florida area, bristol west

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Lawsuit Filed to Determine Proper Sinkhole Remediation Plan

Florida Office of Insurance — Thu, 23 Feb 2012 23:06:52 +0000

My client's homeowners insurer, Nationwide, confirmed the presence of sinkhole damage at his home. However, the remediation plan proposed by the insurance company's engineers only calls for underground grouting. The insurance company also estimated the damage to their insured's home (which appeared at first blush to be quite light).

I retained a geologist, engineer, and forensic general contractor to determine the proper remediation plan and the proper amount to repair the damage to the home. These experts determined that the remediation plan, and damage estimate are both inadequate. According to the geologist and geotechnical engineer, the home needs underpinning in order to properly remediate the sinkhole. The forensic general contractor believes the damages to the home are much more than what was estimated by the insurance company.

Yesterday, I filed suit against Nationwide in order to have a jury determine the proper remediation plan, and the amount of damage to the home.

A lot of the times, in this type of case, if I win, the insurance company is required to pay my fees and costs, and if I lose, I'll work for free.

View full post on Florida Insurance Law Blog

Tags: florida insurance, insurance law, Sinkhole, general contractor, Business Finance, Home

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POCKET PRINCIPLES for the INSURANCE BUSINESS: 365 DAILY

Florida Office of Insurance — Thu, 23 Feb 2012 10:54:04 +0000

Pocket Principles for the Insurance Business provides daily motivation for those in the insurance industry who wish to embrace adversity in order to reach success. As a seasoned life insurance salesman who has qualified for the million dollar roundtable every year he's been in the business, B.A. Newman truly understands the ups and downs of a business that has a retention rate of just 12 percent, and he provides the tools necessary to face rejection and rely on it as a positive influence when success seems unattainable. His inspirational snippets include relational and easily applied advice such as: work for the best companies, listen to your clients, love what you do, and don't sacrifice your reputation to make a sale. In a profession that can sometimes seem more like a roller coaster ride than smooth sailing, these motivational quotes will help inspire anyone to do great things ... every day. "Ben's Principles help our producers keep striving for goal achievement even on their toughest days." -Michael T. Fleming, CLU, ChFC General Manager & Financial Advisor, Mass Financial Group, Inc. "Pockets principles will have an impact on my first Million Dollar Roundtable qualification ..." Mark E. Kull, Financial Representative Northwestern Mutual Financial Network, Louisville, Kentucky AUTHOR BIO Benjamin Newman is a life insurance salesman who is a several-time qualifier for the million dollar roundtable. He is Founder of Continued Fight, LLC, a company that helps organizations overcome challenges and seek positive outcomes. Benjamin and his wife Ami live in St. Louis, Missouri, with their son J. Isaac.

POCKET PRINCIPLES FOR THE INSURANCE BUSINESS: 365 DAILY PRINCIPLES FOR EMBRACING THE ADVERSITY OF THE INSURANCE BUSINESS

Tags: retention rate, -michael t, son j, Financial Representative, several-time qualifier

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Student Accident Coverage Is a Smart Move Florida Insurance Tips

Florida Office of Insurance — Wed, 22 Feb 2012 23:04:58 +0000

The state of Florida has 67 county school districts. Some school boards purchase student accident insurance to cover the entire school district student population. Many private schools choose to cover their student body using this same method. This type of policy is referred to as blanket or mandatory.

Several school boards choose to have a plan known as voluntary coverage. This allows the parents to select and purchase medical or accident insurance voluntarily for their child. This method of providing student accident insurance saves the school board a large expense in their budget.

Most of the county school districts select and contract with a plan administrator which offers both mandatory and voluntary plans. The plan premiums usually start at $10- $12 annually for school time coverage. Sports premiums are higher.The voluntary plans have a schedule of benefits with specific limits for each accident. For example, $2,000 per day in the hospital, $500 for X-rays and imaging, etc. These plans usually carry a maximum limit of $25,000 with no deductible.

Some school districts require any student involved in extracurricular activities to purchase one of these plans from the contracted administrator. Other school districts only require proof of insurance either from their parents or otherwise.

The school district requirement for students to purchase the student accident insurance plan is important. A student signs up for football showing only proof of his parents group insurance. He would be allowed to play, which is happening in some county school districts.

However, two weeks later, unknown to the coach and the school officials, his father loses his job and group insurance. That student would no longer be covered and would continue to play football. The parent will not normally inform the school district or coach of the loss of insurance. This scenario would place the school board at risk of a lawsuit in the event of an injury.

If a student has medical insurance and purchases the student accident plan it will pay most of the out-of-pocket expenses such as deductibles and co-pays. For the low premium, it is a valuable policy when a claim occurs.

Our company, School Insurance Agency, contracts with 33 county school districts in Florida for student accident insurance. We provide all of the principles and coaches with password access to our student database online. So the principals or coaches can monitor who has student accident insurance and who can participate in school events.

The Florida High School Activities Association requires a catastrophic sports accident plan of at least $1 million with a $25,000 deductible. This is usually referred to as a Cat plan and the premium is usually paid by the school board. The mandatory or voluntary plans previously mentioned usually have a $25,000 maximum limit that will normally satisfy this deductible. Here again is another good reason to purchase voluntary student accident insurance.

Robert “Bob” Fowinkle, CIC, CLU is the president of Moore, Fowinkle, %26 Schroer Agency in Bradenton.

Call Moore, Fowinkle, %26 Schroer Agency at 755-2628.

Tags: medical insurance, student population, accident insurance, school officials

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Florida Well Being Insurance Policy Group Feedback on Universal Healthcare

Florida Office of Insurance — Wed, 22 Feb 2012 20:53:26 +0000

A latest wellness insurance policy group offers analysis on the the numerous possibilities for Universal Healthcare. Is this concept out of the question? Can we as Patriotic People in america uncover a way to insure our no cost region. FreeHealth, a group supporting universal well being protection in Florida, mentioned previous year much more than 340,000 Florida residents lost their large-finish or tech jobs, and the health care protection that went along with it. Delta insurance plan was their only option, but at $700 per month -- some picked more affordable policies -- most found new specific health protection out of reach. According to the group, cheap insurance plan charges can be identified now with the help of a no cost on the web insurance plan consultant.

The Wall Road Journal published a report on well being care in America and they found that the regular family of 4 compensated $twelve,000 per year in premiums, and deductibles. Florida's governor was not available for comment but his workplace in the past has stated "the health treatment crisis is a main concern" of the governor's and he will do every thing he can to push for reasonably priced coverage for all Floridians.

Millions of Florida citizens are a single sickness absent from fiscal damage
FreeHealth, an advocacy group supporting state sponsorship of free of charge wellbeing coverage, said, "Florida residents can have complete health treatment coverage" and pay for it with a basic tourism tax, and/or a state sales tax increase to 10 cents. "Millions of Florida citizens are one illness away from fiscal ruin" and we all have the energy to adjust it with a few nickels and dimes," said group spokesman Gil Malone, "The Florida Legislature would approve a measure like this one" if absolutely everyone received behind the strategy and we think all of us would give up a minor spare change to have wellness protection.

Malone explained its group is sponsoring a state-extensive march this fall in every metropolis in Florida as a way of kicking off their 'FLACare' campaign. "Supporters of the measure ought to turn out at our events, and make contact with their Congressmen" month-to-month and allow them know you support FreeHealth's prepare for wellness insurance. When asked what citizens can do to get much better prices now, Malone explained, "your greatest wager is to employ a wellbeing insurance consultant."

At present the well being rates in Florida have forced numerous to drop their wellbeing insurance coverage policies. Premiums now top $10,000 per year, per family $4500 for personal wellbeing insurance coverage policies. Health insurance plan consultant Morgan Moran mentioned, Most individuals do not know that "there are less costly wellbeing insurance plan prices available" if you "have an insurance coverage consultant build the appropriate policy for you". Insurance quotes can range by hundreds of bucks per month, and consultant companies are free to the buyer with some on the web providers.

Insurance coverage advisor Moran mentioned, "the charge of getting Florida wellness insurance coverage can be a burden" on even the most effectively off families. There are numerous wellness insurance consultants who are willing to work with men and women who are in the market place for a personal policy. "You can find affordable protection if you dig for it," mentioned Moran.

Moran a managing companion of Florida Health Insurance Web, explained by operating with an insurance coverage advisor anybody can become acquainted with the options that are accessible in the state of Florida "helping buyers to get what they want, at a price that their finances allows."

For more info get in touch with Moran at http://www.FloridaHealthInsuranceWeb.com
Make contact with FreeHealth Insurance plan Group for totally free details about planned marches and events.

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Article Source: http://www.articlealley.com/http://geraldtudo81.articlealley.com/florida-well-being-insurance-policy-group-feedback-on-universal-healthcare-2186809.html

Tags: insurance coverage advisor, universal healthcare, group spokesman, specific health protection, policy group feedback, florida legislature, wellness insurance

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New Life Insurance Investment Advisor: Achieving Financial

Florida Office of Insurance — Wed, 22 Feb 2012 11:09:20 +0000

"For anyone who needs to understand different types of life insurance, as well as considerations for purchasing and managing policies, this book should be on your nearby reference shelf. If you've frequently found yourself fumbling around with terminology, such as the differences between variable, universal, and variable universal life (VUL) policies, you'll finally see some light through the haze." - MorningstarAdvisor.com

Life insurance doesn't have to be complex or intimidating. Ben Baldwin's completely revised and updated guidebook makes it clear and logical, discussing how to analyze insurance products based on their investment merits and best overall financial returns. This clear, authoritative resource for consumer insurance information covers the pros and cons of Internet purchases, techniques to use capital within a policy, the fixed premium feature, insurance for different stages of life, and the new emergence of "immediate annuities."

New Life Insurance Investment Advisor: Achieving Financial Security for You and your Family Through Today's Insurance Products

Tags: authoritative resource, financial security, consumer insurance information, consumer insurance, Social Issues, anyone

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Life and Health Insurance License Exam Cram

Florida Office of Insurance — Tue, 21 Feb 2012 22:52:39 +0000

If you are studying for your life and health insurance licensing exam, we have the ultimate study tool for you. Life and Health Insurance License Exam Cram is a great resource to help you learn the concepts, laws, rate calculations and state and federal regulations that will be covered on the exam. You'll also receive a CD that includes a fully-customizable test engine, detailed score report and state-specific law supplement. No matter where you are taking your exam or which area you need to focus on during your studying, Life and Health Insurance License Exam Cram is your smartest way to get certified.

Tags: Exam, Human Interest, licensing, insurance license, ultimate study tool