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Florida’s Insurance Regulator Buried a Completed Report That Raised Red Flags About Insurer Affiliate Profits
Yesterday’s testimony before the Florida House Insurance & Banking Subcommittee ripped the cover off a story that’s been brewing for years: the Office of Insurance Regulation (OIR) under David Altmaier had a completed, paid-for, red-flag-waving report about insurer affiliate transactions [...]
Florida’s Secret Insurance Scandal: Today’s Hearing Exposes the Truth
Something big is happening this morning in Tallahassee. The Florida House Insurance and Banking Committee is holding a long-overdue investigative hearing beginning at 8:00 a.m., and for once, the spotlight is shining where it should—on the Florida Office of Insurance Regulation [...]
Amy Bach and United Policyholders Raise Issues About Insurance Executives Taking Monies Through Excessive Payouts
Amy Bach‘s recent LinkedIn post yesterday highlighting concerns about excessive compensation in the insurance industry has struck a chord with many policyholders and consumer advocates. Bach raised these issues in a panel discussion at the American Academy of Actuaries. [...]
Did Florida’s CFO Call Public Adjusters Despicable?
There must have been a lot of “at a boy” congratulatory text messages from insurance industry lobbyists to Florida CFO Jimmy Patronis after they read the Insurance Journal article, Florida CFO Issues Order on ‘Despicable’ Public Adjusters as Debby Floods Carolinas. [...]
Amendment to Louisiana Unfair Claims Settlement Practice Adds Weapon to the Policyholder’s Arsenal
The “Hurricane Season from Hell” 1 is upon us. Hurricane Beryl, a Category 5 storm at peak strength and a rarity for July, impacted the Texas coast only weeks ago. As we inch closer to the statistical height of the Hurricane Season, [...]
