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Volume 1, No. 6 - November 2012

News You Can Use

- Updating you on what's going on

Office Announces a Reduced Cost Mortgage Title Insurance Product Available to Assist Homeowners and Lenders

The Florida Office of Insurance Regulation has approved several title insurers' requests to offer an alternative title insurance product for loan modifications at a reduced cost to lenders. The new product is called a Mortgage Priority Guarantee policy and is used when lenders amend an existing mortgage loan agreement in order to help a struggling homeowner remain in their home and prevent a foreclosure of the property.
Click here to read the press release >>

Office Announces New Resource for Consumers to Comment on Life and Health Form and Rate Filings

The Florida Office of Insurance Regulation (Office) announced the creation of a new resource for consumers to provide input on pending life and health insurance form and rate filings. This new feature will allow interested parties to express feedback regarding proposed changes to filings received by the Office from life and health insurance companies.
Click here to read the press release >>

Online Video Tutorials Now Available for CHOICES Rate Comparison System

The Florida Office of Insurance Regulation (Office) announced the addition of two new online video tutorials for consumers to utilize as an educational resource for navigating the CHOICES Auto and Homeowners Rate Comparison System. CHOICES is an interactive program designed to give Florida residents the ability to compare automobile and/or homeowners insurance rates using sample risk scenarios created for each.
Click here to read the press release >>

Florida Health Choices Engage Agents in Design of Florida's Insurance Marketplace

A recent meeting of the Florida Association of Health Insurance Underwriters provided an opportunity for Florida Health Choices (FHC) to gather input and feedback from insurance agents from across the state. Focus group sessions conducted by the Institute for Child Health Policy (ICHP) produced some key recommendations for improving the FHC Marketplace by addressing misperceptions, removing barriers to participation, and improving collaboration with agents. The FHC Marketplace is a central web portal where small business owners with four to 50 eligible employees can choose from a variety of health plans that best meets their needs. The ICHP focus groups found that there are a number of misconceptions that can be addressed.
Click here to read the media advisory and access the full report >>

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