Viewpoint: The Cold, Hard Truth About Florida Litigation By Lisa Miller | April 16, 2021
Greater clarity came this week from the National Association of Insurance Commissioners (NAIC) via Florida Commissioner David Altmaier: Florida has 8% of all homeowners’ claims in the U.S., yet 76% of all homeowners’ claims lawsuits. Boom.
In a letter to House Commerce Chairman Rep. Blaise Ingoglia (R-Spring Hill), widely quoted in committee meetings last week, Commissioner Altmaier laid it all out in black and white with cold, hard data.
“In 2019, Florida accounted for 8.16% of all homeowners’ claims opened by insurance companies in the U.S. However, in 2019, Florida accounted for 76.45% of all homeowners’ suits opened against insurance companies in the U.S. The results for 2019 are not an anomaly. As the chart below depicts, litigation trends in Florida have been consistently many times higher than any other state.
To embed, copy and paste the code into your website or blog:
State and federal regulators, Congress, and the plaintiffs’ bar are increasingly focused on compliance with the Mental Health Parity and Addiction Equity Act (MHPEA), particularly given the opioid epidemic and COVID-19’s impact on mental health. MHPAEA compliance and enforcement is a top priority for the United States Department of Labor (DOL) and the National Association of Insurance Commissioners (NAIC) with market conduct exams, state attorneys general investigations, and DOL investigations and subpoenas focused specifically on MHPAEA. A recent amendment to MHPAEA requires DOL, the Department of Health and Human Services, and the Treasury (collectively, the Departments) to audit MHPAEA compliance for at least 20 health plans each year, beginning February 10, 2021.
Travelers issued its first insurance policy in 1864 when its founder charged a Hartford banker two cents for accident protection on his walk home from work. Travelers is now one of the largest insurance providers in the U.S.
Travelers is a well-known, established insurance provider with a long history of covering auto and home claims. Unlike its competitors, though, Travelers does not cover life insurance. Rates are below the industry average but not the cheapest. Yet you’ll have a wide variety of flexible coverage options and discounts to choose from.
You could be best served by a Travelers policy that provides sufficient financial protection that also fits your budget.
Maine and North Dakota Are Latest States to Adopt the NAIC Data Security Model Law | Robinson+Cole Data Privacy + Security Insider jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
Friday, April 16, 2021
State and federal regulators, Congress, and the plaintiffs’ bar are increasingly focused on compliance with the Mental Health Parity and Addiction Equity Act (MHPEA), particularly given the opioid epidemic and COVID-19’s impact on mental health. MHPAEA compliance and enforcement is a top priority for the United States Department of Labor (DOL) and the National Association of Insurance Commissioners (NAIC) with market conduct exams, state attorneys general investigations, and DOL investigations and subpoenas focused specifically on MHPAEA. A recent amendment to MHPAEA requires DOL, the Department of Health and Human Services, and the Treasury (collectively, the Departments) to audit MHPAEA compliance for at least 20 health plans each year, beginning February 10, 2021.