Tag Archives: Florida

Florida Office of Insurance Regulation Issues Emergency Order Post Hurricane Irma

On September 4, 2017, Florida’s Governor, Rick Scott, declared a state of emergency in every county in Florida in anticipation of Hurricane Irma, through Executive Order No. 17-235, triggering Insurance Commissioner David Altmaier’s related emergency authority. Fla. Stat. § 252.63(1). On September 13, 2017, Commissioner Altmaier issued the Office of Insurance Regulation’s (the “Office”) Emergency … Continue Reading

The Constitutional Challenge to Florida Unclaimed Property Law

In 2016, the Florida legislature amended its unclaimed property law to require life insurance companies to conduct annual Death Master File (“DMF”) searches on active and terminated policies dating back to 1992. Fla. Stat, § 717.107.  One life insurer immediately filed suit against Florida’s Chief Financial Officer and the Florida Dept. of Financial Services to … Continue Reading

Florida Property Insurers Must Pay All Losses If Any “Concurrent Cause” Is Covered

In the latest of a string of recent decisions adverse to insurers, the Florida Supreme Court held that, where a residential property incurs damage due to the cumulative or combined effects of multiple “concurrent” causes, any of which a homeowners policy covers, the insurer must pay the entire loss even if its policy expressly excludes … Continue Reading

Judgment Based Partly on Florida Civil Theft Statute Neither Covered nor Insurable by Directors and Officers or Property Policies

A Florida federal court in Miami awarded D&O and property insurers summary judgment in a declaratory action, ruling in their favor on essentially every coverage issue, while also ruling that the damages for which their insured was found liable were uninsurable.  Twin City Fire Ins. Co. v. CR Technologies, Inc., 25 F.L.W.Fed. D113a (SDFL Mar. … Continue Reading
LexBlog