Articles by Amy O' Connor

O'Connor is associate editor of MyNewMarkets.com.

Florida Watches for AOB Abuse as Irma Recovery Begins

As Florida residents return home after being evacuated by Hurricane Irma, the pressure is on the insurance industry to keep a bad situation regarding assignment of benefits abuse in the state from getting worse. Florida regulators, carriers, industry trade groups …

Citizens Implements $1.8M Estimate Review Program for Florida Water Loss Claims

Florida’s insurer of last resort, Citizens, has expanded its efforts to curb increasing water loss claims with a new Water Mitigation Estimate Review Program. Citizens Chief Claims Officer Jay Adams said the new program will provide Citizens with “certified and …

Florida Supreme Court Finds 104-Week Temporary Disability Benefits Cap Unconstitutional

The Florida Supreme Court has delivered another blow to Florida’s workers’ compensation system with a ruling today that the state’s statutory 104-week cap on temporary disability benefits is unconstitutional. The Florida Supreme Court ruled 5-2 in favor of the of …

Insurers Warned to ‘Think Before You Snap’ as Florida Drone Privacy Law Takes Flight

The new Florida drone privacy law could have some unintended consequences for insurers looking to use or insure unmanned aircraft systems (UAS) technology. The Freedom from Unwarranted Surveillance Act (FUSA), which took effect in Florida July 1, prohibits a person, …

Tennessee Considers Workers’ Comp Alternative

Tennessee may soon have its own answer to an alternative workers’ compensation insurance option through new legislation by Republican lawmakers known as the Tennessee Employee Injury Benefit Alternative. Tennessee State Senator Mark Green and State Representative Jeremy Durham introduced Senate …

Will Wind/Hail Cosmetic Damage Exclusion Endorsements Become the Norm?

Cosmetic damage from wind and hail to homeowner and commercial properties may no longer be covered if insurers opt to use new endorsements, one for homeowners and another for commercial roofs, that are becoming available. The two organizations that standardize …

Theft & Vandalism Claims Have Carriers on Edge in Vacant Property Segment

Insurers are restricting the availability of theft and vandalism coverage in the vacant property insurance market, where there is still plenty of available business. Vacant property provided a boost for some insurers looking for additional income to pad their books …

F.I.D.O. Brings Dog Bite Liability Coverage to Florida: More States Coming

When commercial lines agent and dog owner Debbie Turner began to look into help for her difficult dog back in 2000, she had no idea that her journey would end up leading to a new personal lines insurance option. Now, …

Court Orders Rehabilitation for Home Value Insurance Co.

Home Value Insurance Co. was ordered into rehabilitation by an Ohio court on Aug. 31, 2012, and has been prohibited from selling insurance in the state due to its failure to maintain minimum capital and surplus. The insurer, which originally …