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Public adjusters and all property insurance adjusters working in Florida need to take notice. These violations could put your license at risk. Failure to comply with the estimating standards laid out in Rule 69BER24-4, now permanently incorporated into Rule 69B-220.201, may result in serious ethical violations.
They handed Citizens Property Insurance Corporation our state-run insurer of last resort the ability to force policyholders into administrative arbitration at the Division of Administrative Hearings (DOAH) instead of letting disputes be decided by a jury of … The post Floridas DOAH Arbitration Disaster: How the Legislature Gave Citizens a License (..)
They handed Citizens Property Insurance Corporation our state-run insurer of last resort the ability to force policyholders into administrative arbitration at the Division of Administrative Hearings (DOAH) instead of letting disputes be decided by a jury of … The post Floridas DOAH Arbitration Disaster: How the Legislature Gave Citizens a License (..)
Tennessee has seen a 25% jump in the number of insurance producer licenses in the past five years, an increase that regulators have attributed to a population boom in the state and easy access to producer exams. The state now …
Starr Insurance reported that South Korea’s Financial Services Commission has granted Starr International Insurance (Singapore) Pte. Korea branch, a license to operate in Seoul and begin selling commercial property/casualty insurance throughout Korea. “Korea is one of the largest commercial …
Starting January 1, 2025, Maryland will begin requiring businesses employing security guards or in-house loss prevention personnel to meet new licensing and certification requirements and provide proof of insurance. According to the legislation (Senate Bill 760 (2023), any business or …
ATLANTA (AP) — Former Georgia Insurance Commissioner John Oxendine, now in federal prison, has surrendered his law license after pleading guilty to conspiracy to commit health care fraud. The Georgia Supreme Court, in a brief decision on Tuesday, accepted Oxendine’s …
This post is part of a series sponsored by PCF Insurance Services. PCF Senior Benefits Practice Leader, Jason Milz, shares some tips to help begin your journey as a Medicare licensedinsurance professional. The demand for experienced Medicare guidance is …
AP) — A judge has appointed a mediator in the long-running dispute over who gets licenses to grow and sell medical marijuana in Alabama. MONTGOMERY, Ala. (AP) Montgomery Circuit Judge James Anderson named retired Circuit Judge Eugene Reese to act as …
Introduction: Hiring the right licensed-only agents (LOAs) is a critical step in scaling your agency or call center. Whether you're looking to expand your Medicare, ACA, Life Insurance, or Ancillary product offerings, finding top-tier agents can help you increase sales and streamline operations. or "Message us to learn more."
As I indicated in that post, it appeared that Patronis was warning people of the scammers and bad actors that … The post Florida Department of Financial Services Recognizes The Value of Licensed Public Insurance Adjusters appeared first on Property Insurance Coverage Law Blog.
The issue raised in this title usually arises with policyholders not wanting to pay a public adjuster fee because the public adjuster service contract was not valid or the public adjusters license lapsed sometime during the contract. appeared first on Property Insurance Coverage Law Blog.
The recently issued Emergency Rule 69BER24-4 in Florida creates a concerning conflict with Xactimate’s license agreement, highlighting yet another way the insurance industry exercises control over claims adjusting practices.
(AP) Kentucky’s auditor said Thursday that her office will investigate the state’s medical cannabis program after receiving complaints about the lottery system used to award highly sought-after licenses to grow, process and sell the medicinal products to …
If you plan to drive, one of the most important things to understand is car insurance. The importance of having car insurance in Germany can never be overemphasized, especially if you’re holding a foreign driver’s license.
The Hidden Cost of Manual License Verifications Keeping insurance producers’ licenses and appointments compliant is a critical responsibility shared by nearly everyone in the insurance distribution channel. This post is part of a series sponsored by AgentSync. However, plenty of …
A former insurance agent plead guilty to stealing premium from a premium finance company. Formerly licensedinsurance agent Tonja Van Roy, 59, who currently resides in Las Vegas, but operated an insurance agency based in Northridge, California, pleaded guilty today …
the Jacksonville, Florida-based specialty insurer and subsidiary of Tiptree Inc., announced it has received regulatory approval to launch a UK subsidiary, called Fortegra Insurance Company UK. The Prudential Regulation Authority (PRA) granted Fortegra UK the license, … The Fortegra Group Inc.,
As a follow-up to my post, Everybody Must Follow the LawInsurance Restoration Contractors Need to Stop Acting as Public Adjusters or Face Fines and Class Action Lawsuits, a Consent Order 1 was recently issued by the Iowa Insurance Commissioner in which Darren Reeves and his companies, Darren Reeves Roofing LLC and Darren Reeves Construction LLC, … (..)
The Texas Department of Insurance approved an application from Porch Group Inc. to form and license Porch Insurance Reciprocal Exchange, a homeowners insurance reciprocal exchange. Porch said that forming PIRE is a key step in its strategy to increase profitability …
A North Carolina insurance agent who was penalized by regulators almost 20 years ago has given up her producer license after she was charged with pocketing insurance premiums. Lori Ann Crisp, 56, of Kannapolis, was charged with forgery, embezzlement and …
The Florida Department of Financial Services (DFS) issued Emergency Rule 69BER24-4, which aims to address issues in the property insurance claims process. While the rule attempts to improve transparency and accountability, it raises several concerns and potential unintended consequences.
Florida’s chief financial officer, Jimmy Patronis, whose office oversees insurance agent and adjuster licensing, along with insurance fraud investigations, plans to step down and run for Congress next year. News outlets reported that Patronis, a staunch supporter of President-elect Donald …
One person in Texas and four people in Florida, including a previously licensedinsurance broker, face insurance fraud charges in separate schemes, local and federal authorities said Wednesday. In Hialeah, Florida, three people were arrested at a medical clinic for …
Hawley Insurance Co. 2025)), the United States District Court for the Southern District of New York determined that the plaintiff lacked an insurable interest in property it insured because it did not own or possess the property or suffer economic loss due to the propertys destruction. Hawley Insurance Co.
You’ve earned your Idaho contractor license—now what? Learn the crucial steps to safeguard your business with expert tips from Central Insurance The post You Just Got Your Idaho Contractor License, Now What? appeared first on Central Insurance Blog.
Having a criminal charge or conviction in one’s background can make things more difficult for a licensedinsurance producer. This post is part of a series sponsored by AgentSync. However, it doesn’t always have to mean the end of a …
When M3 Insurance began rapidly expanding its distribution channels, its existing licensing process wasn’t just inefficient: It was becoming a serious obstacle to growth. The Wisconsin-based insurance agency needed a … This post is part of a series sponsored by AgentSync.
This edition of Interational People Moves details appointments at the brokers Price Forbes and WTW. A summary of these new hires follows here. Price Forbes Bermuda Promotes Kelley to CEO Price Forbes Bermuda announced the promotion of Carrie Kelley to …
Two years after it was founded, Hamburgs Marine Alliance is growing through the acquisition of a majority stake in London-based insurance broker Speedwell, who will join the current partnership of Marine Assekuranz and Fram Insurance Brokers.
The Iowa Insurance Division last month entered into a consent order with a contractor who had made claims they were offering services that require a public adjuster license. Central Iowa Gutter and Donald Smart have agreed to make changes to …
Thousands of dollars, a lost job, denied insurance coverage and the possibility of a suspended law license for a Mississippi workers’ compensation attorney, apparently. What’s in a name? It all has to do with injured workers – both named Dorothy …
Vermont continues to grow its captive insurance industry. Vermont licensed a total … The Vermont Department of Economic Development (DED) has reported that 2024 was among Vermont’s top 10 highest years of growth since its first-in-the-nation captive enabling legislation in 1981.
Navigating DOI Appointment Fees by State As an insurance agent, understanding the Department of Insurance (DOI) fees for licensing, exams, and renewals is crucial for managing your practice and budget effectively. Timely Renewals: Avoid late fees or penalties by understanding renewal requirements.
Florida’s Department of Financial Services has posted its enforcement actions for much of the last half of 2024, listing 12 insurance agents and 43 adjusters who were penalized, suspended, or had their licenses revoked or voluntarily surrendered them. From June …
Prudential is one of the most competitive life insurance companies for high risk health issues such as HIV, cancer, heart disease, diabetes, as well as for tobacco users, private pilots and much more. The post The Prudential Advantage: Insights From A licensed Life Insurance Agent appeared first on RiskQuoter.com.
A North Carolina House of Representatives committee voted Wednesday to do away with educational course requirements for insurance agent licenses, a move that could help address what has been called a shortage of producers in the state. “It’s a 40-hour …
Two months after his law license was suspended and he was charged with illicitly filming renters at his beach property, a South Carolina workers’ compensation attorney now faces a civil lawsuit by one of the alleged victims. The lawyer for …
Insurance compliance is serious business. Falling out of compliance can have real consequences for everyone from insurance agencies, carriers, MGAs, and MGUs, to individual producers, adjusters, and dually licensed broker-dealers. This post is part of a series sponsored by AgentSync.
Nonresident surplus lines brokers working in Alabama, like their in-state brethren, must secure a $50,000 fidelity bond to be licensed in the state, starting Jan. The Alabama Department of Insurance posted the bulletin last week. A form is available …
Insurance compliance is serious business. Falling out of compliance can have real consequences for everyone from insurance agencies, carriers, MGAs, and MGUs, to individual producers, adjusters, and dually licensed broker-dealers. This post is part of a series sponsored by AgentSync.
Insurance policyholders do not read the insurance policies that are sold to them. The insurance contracts are not even provided to the policyholder until after the product is purchased.
This post is part of a series sponsored by PCF Insurance Services. PCF Senior Benefits Practice Leader, Jason Milz, shares how partnering with a licensedinsurance agent helps you effectively manage and reduce your prescription drug costs for 2024. For …
The Michigan Department of Insurance and Financial Services (DIFS) is encouraging Michiganders to carefully review and understand their existing insurance policies with a licensedinsurance agent or trusted advisor, and to shop around to ensure the best coverage to protect …
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