Capitol to Courthouse Florida Insurance Report: Thursday, March 27
Mar 27, 2014
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There are no events scheduled for today.
Legislation designed to get more private companies to cover flood damages swiftly cleared the Senate on Wednesday by a unanimous vote, but SB 542 still has a long way to go before making it into law, The Florida Current’s Gray Rohrer reports.
While most claimants are hardworking individuals seeking to repair their homes and businesses, it is an unfortunate fact that too many seek to exploit the system by inflating damages on legitimate losses, avoiding repairs or fabricating claims, explains Florida’s Citizens Property Insurance President and CEO Barry Gilway in this Bradenton Herald editorial opinion.
A man’s home may be his castle, but neighbors complain it often turns into a revolving-door party palace when owners rent them out for short-term vacation stays, Tonya Alanez reports for the Sun-Sentinel.
Wednesday’s huge fire at a storage facility in Palm Harbor destroyed millions of dollars worth of classic cars, RVs and boats, Eric Glasser reports for WTSP-TV.
The Senate Transportation Committee virtually killed its chairman’s plan to unplug red light cameras Wednesday, but he said he’s not giving up, The Florida Current’s Bill Cotterell reports.
A 119-word amendment to a Senate transportation bill caused nearly an hour’s worth of angst-ridden conversation on Wednesday because the wording was friendly to app-based hired-car services like Uber and Lyft, which are trying to break into the Florida urban market, explains Tampa Tribune’s James Rosica.
Senator John Thrasher said his plan to redirect lawsuits against nursing homes would protect silent investors from litigation and hold accountable those under direct operational control, The Florida Current’s Arek Sarkissian reports.
The Senate on Wednesday prepared a measure placing a constitutional amendment before voters this fall to clarify the appointment of Florida Supreme Court justices for a final vote next week, The Florida Current’s Gray Rohrer reports.
Bills that would extend to commercial properties a tax exemption for renewable energy devices are “more than likely” dead in the House, a subcommittee chairman said Wednesday, The Florida Current’s Bruce Ritchie reports.
Policyholders of Louisiana’s property insurer of last resort have begun receiving refunds for application fees that were charged to them without their knowledge, Insurance Journal reports.
Interest in cyber insurance is expanding rapidly, a top official of Marsh & McLennan testified before a Senate committee yesterday, with the number of Marsh clients purchasing stand-alone cyber insurance increasing by more than 20 percent in just the past year, National Underwriter’s Arthur Postal reports for PropertyCasualty360.com.
Congress does have options to stabilize the debt-ridden flood program, Insurance Journal reports.
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