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State insurance regulators approve coastal property rate hikes

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The Office of Insurance Regulation approved new Citizens Property Insurance Corp. rates Tuesday that will increase costs for about 40 percent of policyholders when they take effect in February 2016. Under the approved rates the average premium for miltiperil policies will rise to $2,381 a year, up from the $2,339 average rate this year. The $42 increase is about 1.8 percent higher than the current average rate for a comprehensive policy. “Today’s decision by the Office of Insurance Regulation reflects Citizens’ success in reducing exposure…

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Most health insurers raise 2016 Florida Obamacare rates

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Premiums for most health insurance policies sold on the federal exchange are increasing for Floridians this year, but state regulators used new authority to negotiate lower rates so the hikes aren’t as big as they could have been, according to filings released Wednesday by the Office of Insurance Regulation. Aetna requested a 21 percent increase for plans sold in 2016, but the agency only approved 14 percent. Coventry requested a 16 percent hike and was approved for 8 percent. Plans…

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Colodny Fass brings in $735K in Q2 lobbying fees

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Adams Street fixture Colodny Fass brought in an estimated $735,000 during the most recent reporting quarter, according to recently submitted lobbying compensation reports. Colodny’s single largest contract was for executive branch lobbying on behalf of WellCare Health Plans –– the Tampa-based Medicaid and Medicare coordinators paid between $30,000-$39,999 to the firm between April 1 and June 30, plus another approximately $25,000 for legislative representation, for a total of some $60,000 all told. Federated National Insurance, Lexington National Insurance and Team Focus Insurance tied…

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Personnel note: Caitlin Murray named government affairs director for Office of Insurance Regulation

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Caitlin Murray has been tapped as director of government affairs for the Florida Office of Insurance Regulation. Murray, named one of the “30 under 30″ rising stars in Florida politics by SaintPetersBlog, began her new role effective Monday. According to OIR Commissioner Kevin McCarty, Murray will handle oversight of the agency’s government affairs initiatives in both the Legislature and Cabinet. “I am excited to join the Office and honored to work with Commissioner McCarty,” Murray said. “I look forward to…

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Florida Medicaid HMOs having trouble meeting state financial solvency requirements

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While hospitals’ financials have been under the microscope during the Regular and Special Legislative Sessions, another player in Florida’s Medicaid delivery system — managed-care plans — have escaped much of the scrutiny. But a report of the health plans shows that the plans lost a cumulative $542.9 million in 2014 in their Medicaid line of business. And business didn’t improve in the first quarter of 2015. Two of the 13 HMOs that provide health care to Medicaid patients in Florida’s…

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Workers’ compensation system eagerly awaits key Supreme Court ruling

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Another Thursday has gone by and we continue to wait with bated breath on whether or not the Florida Supreme Court will rule whether the state’s workers’ compensation system is unconstitutional. Two high-profile workers’ compensation cases still sit on the desk of the Court – (1) Castellanos v. Next Door Company and (2) Westphal v. City of St. Petersburg – both of which could have a negative impact on the state’s workers’ compensation system. Putting the nitty gritty of each case aside for a…

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Senate is the ‘right place’ for Florida Medical Association’s top priority

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Florida physicians have friends in the Senate. The Senate Health Policy Committee took up and passed a priority bill for the Florida Medical Association over the strong objections of Associated Industries of Florida as well as the Florida Association of Health Plans. But the majority of those who attended the committee meeting on Monday were there in support of the CS/SB 784, sponsored by state Sen. Don Gaetz. In all, 28 people filled out cards to testify on the measure.…

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