November 2016


 

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The Florida Office of Insurance Regulation (OIR) is appealing a court order invalidating its approved 14.5 rate increase on Florida workers’ compensation rates that was set to take effect Dec. 1

Based on the OIR filing its Notice of Appeal, the rate halt is on hold until the case is reviewed by the First District Court of Appeals.

The challenge to the rate increase was brought by James Fee, a Miami attorney who represents injured workers. Fee claimed, and Leon County Circuit Court Judge Karen Gievers agreed, that NCCI was in violation of Florida’s Sunshine Laws in holding “multiple, non-public, secret meetings” internally and with the OIR over the rates.

http://www.insurancejournal.com/news/southeast/2016/11/29/433411.htm

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Please call L & S Insurance at 1-888-244-7400 for free quotes on Home Insurance, Auto, Flood, Private Flood, Business & Commercial, & Life & Financial products as well!

 

A massive sinkhole at a fertilizer plant should be plugged by spring, months after contaminated water and waste began flowing into Florida’s main drinking water aquifer, the company said Friday.

“Based on the survey results, the company now has a better understanding of the sinkhole dimensions – which is a critical step in remediating the sinkhole,” she wrote.

Neslund said the upper cavity is between 140 feet and 150 feet in diameter at its widest point, and about 220 feet deep.

Mosaic _ one of the world’s largest producers of phosphate and potash for fertilizer _ previously acknowledged that the contamination had spread to groundwater around the sinkhole.

 

Please enjoy the full article below!

http://www.insurancejournal.com/news/southeast/2016/11/01/431063.htm