Insurance resources posted for September & August

Just in case you haven’t kept up ... new reports and presentations for September and August are posted on the "2012 Resource Library" tab of TallyInsLaw.com, including:

Property & casualty:

• "Impact Analysis of HB119," the independent actuarial study of savings expected from the 2012 PIP (no-fault auto insurance) reform law (Aug. 20, 2012).

• Office of Insurance Regulation's caveats on the "Impact Analysis of HB119" (Aug. 21, 2012).

• "Historical U.S. Hurricanes That Would Cause $10 Billion or More in Insured Losses Today," a report by Karen Clark & Company (Aug. 21, 2012).

• "Twenty Years of Progress: Advances in the Property Insurance Industry Since Hurricane Andrew," a special report from Property Casualty Insurers Association of America (Aug. 22, 2012).

• Citizens' Rate Hearing Press Kit - a summary of Citizens' proposed rate increase proposal for 2013 (Sept. 20, 2012).

• OIR announces Citizens take-out approvals - nearly 300,000 policies have been approved for removal from Citizens in non-bonus and non-loan takeout plans (Sept. 24, 2012)

Life & health:

• Long-term Care Managed Care Technical Advisory Workgroup Final Report (Aug. 21, 2012).

• Allianz Life Insurance Co. multi-state settlement agreement and OIR press release (Sept. 4, 2012) regarding sale of fixed annuity products.

This summary was prepared by Perry Cone and posted at TallyInsLaw.com.
Legal Notice and Disclaimer

Resource library updated - P&C and Health Insurance

If you haven't visited it recently, the 2012 Resource Library has been updated. June-July additions marked with an * include the following resources:

• Citizens SB408 sinkhole savings actuarial analysis, depopulation committee exhibits, and 2013 rate filings exhibits (bottom of heading no. 2. Citizens).

• OIR's Order suspending prior-approval requirement for P&C form filings (bottom of heading no. 4. Property Insurance).

• State of the Florida Homeowners’ Insurance Market presentation by OIR Commissioner Kevin McCarty (bottom of heading no. 5. General Insurance).

• Health insurance presentations by OIR to the Florida Health Insurance Advisory Board (bottom of heading no. 9 Health Care).

This summary was prepared by Perry Cone and posted at TallyInsLaw.com.

Legal Notice and Disclaimer

Health insurance laws enacted in 2011 - Florida (updated)

(Status updated through 6/21/2011)

Florida’s Legislature did little to change private health insurance in 2011, but enacted several controversial bills impacting health insurance from a public policy perspective.  The enacted bills are:

• Anti-federal purchase mandate - SJR 2 and HB 1193.
• Abortion insurance - HB 97
• Wellness - HB 445
• Florida Health Choices Program - HB 1125
• Medicaid Managed Care - HB 7107
• Medicaid - HB 7109

On June 21, 2011, the Governor signed the last of these bills into law.  Additional information is provided below:

Medicaid changes advance during week 2 of 2011 Florida Session

A bill rewriting Florida's Medicaid law was approved by a House committee this past week in the form of PCB (proposed committee bill) HHSC 11-01a.  See Action Packet 3-17-11 for the House Health & Human Services Committee.  The bill would shift hundreds of thousands of Medicaid beneficiaries into HMOs and other managed-care plans.

OIR Requests Waiver from MLR implementation

A petition to waive the new medical loss ratio (MLR) requirements for insurance companies was filed by Florida Insurance Commissioner Kevin McCarty with the U.S. Department of Health and Human Services.  McCarty argues that the 80 percent MLR would cause insurance companies to leave the market or stop selling new policies, reduce choice of plans and "hamper" insurance agent involvement "to the severe detriment of Florida consumers."

Senate Unveils Medicaid Reform for 2011

The Florida Senate is releasing its plan to make Medicaid more "patient centered" while controlling costs to taxpayers. The proposal is intended to "eliminate fraud and abuse in the system."  Go to this link for the Senate summary slide presentation:  Senate Medicaid Reform Presentation Feb. 2011.  A more detailed description of the plan is available at this link:  Senate Majority Office, Press Release (Feb. 17, 2011)