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Category: Headlines

Bad Faith Meets Bad Science

The attempts of defenders of Obamacare to rouse the American people in favor of the doomed monstrosity have become more desperate and bizarre. The most recent example is taking place in Florida, where the sudden death of a young uninsured woman is being cited as an indictment of the Republican-controlled state legislature for

Florida Blue: ACA enrollments “exceeded expectations” but premiums may rise in 2015

Most of the consumers who bought a private health plan from Florida Blue through the Affordable Care Act’s insurance exchanges between October and April were previously uninsured — one of many factors potentially leading to higher premium rates in 2015, according to a senior executive. Jason Altmire, a former Pennsylvania congressman and

Providers Assault on Managed Care Moves to Full Senate

From the Florida Insurance Council: The Senate Appropriations Committee this afternoon approved and cleared for the full Senate probably the most expensive assault on health insurance and managed care in recent legislative history. A major amendment produced some improvements, but FIC and other health plan lobbyists continued to oppose the

With hurricane season on horizon, act now to reduce costs

Florida has a unique opportunity to lower its risk of hurricane taxes and to make it more likely that the Florida Hurricane Catastrophe Fund will be able to pay its claims in a timely manner. In order to take advantage of this opportunity, the State Board of Administration (SBA), whose members

Citizens Insurance to shift 130 jobs to Jacksonville

Citizens Property Insurance Corp. will begin consolidating its information technology staff in Jacksonville later this year, including 130 jobs that are currently in Tallahassee. Most of the personnel moves take place in 2015, Citizens spokesman Michael Peltier said Tuesday. The relocations include another 18 IT positions in Tampa. “There are some folks

Flood Insurance Rates to Recede Soon

ST. PETERSBURG — Flood insurance rates will return to more affordable levels for many people come May 1, as the federal government’s insurance program looks to quickly enact changes passed last month. The Federal Emergency Management Agency advised insurers this week that new and renewed policies issued May 1 and after will

Florida Senators Considering Principles-Based Reserving Legislation

TALLAHASSEE, Fla. – Florida is among seven states currently considering bills to approve use of principles-based reserving for use by life insurers. SB 1308 is sponsored by Sen. David Simmons along w ith the Banking and Insurance Committee he chairs and the Judiciary Committee. It contains a host of updates to insurance

Bill Nelson seeks local solution to expand Medicaid in Florida

TALLAHASSEE — Expanding Medicaid to cover thousands of uninsured Floridians has mostly been ignored by Republicans during this year’s legislative session, but U.S. Sen. Bill Nelson is making a last-ditch effort to get it done. Medicaid is a joint state-federal program, though most of the expansion called for under the Affordable Care Act would be funded by Washington.

Commissioner McCarty Recommends Floridians Prepare for Hurricane Season and Consider Purchasing Flood Insurance Coverage

​TALLAHASSEE, Fla. – Florida Insurance Commissioner Kevin McCarty recommends Floridians begin preparing now for the 2014 hurricane season and also encourages the purchase of flood insurance for enhanced protection of homes and businesses.  Generally, a standard homeowners or business insurance policy does not cover damage from a flood, requiring the additional

Health Insurers Besieged with Major Issues This Session

From the Florida Insurance Council: The Florida Legislature is in recess the week of April 13 in observation or religious holidays. When it returns to Tallahassee April 21, there will be two weeks remaining in the 2014 session and the 2014-2015 state budget will begin to take center stage. FIC has