Capitol to Courthouse Florida Insurance Report: Thursday, October 24
Oct 24, 2013
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There are no events scheduled for today.
A Gainesville-based insurance agency announced this week it will offer a lower-priced alternative to the National Flood Insurance Program for many older homes subjected to rate increases that may reach tens of thousands of dollars in some cases, Josh Boatwright reports for the Tampa Tribune.
The 1st District Court of Appeal overturned a temporary injunction against the 2012 law capping non-emergency care from personal injury protection claims at $2,500 and preventing acupuncturists and massage therapists from receiving PIP claims, The Florida Current’s Gray Rohrer reports.
It’s estimated that personal injury fraud costs the state of Florida alone $1 billion a year, a loss that is passed along to consumers in the form of rising insurance premiums, ABC News reports.
Florida motorists who have minor car crashes now have a quicker, less expensive way to report them to the state. The highway safety department is hoping its online car crash reporting form helps people comply with a state law requiring accidents to be reported within ten days of happening, WFSU reports.
A Florida district court has overturned an earlier ruling that found a 104-week limit on an injured worker’s temporary benefits unconstitutional. The court ruled instead that the limit represents a legal deadline to determine an injured worker’s eligibility for permanent benefits, Insurance Journal’s Michael Adams reports.
The Florida Office of Insurance Regulation announced Wednesday it would only accept a statewide average rate hike of 0.7 percent from the National Council on Compensation Insurance, which requested a 1 percent increase, The Florida Current’s Gray Rohrer reports.
A report this month from the National Insurance Crime Bureau shows five of the top 10 states nationwide with the most reported heavy equipment thefts are from the Southeast region, Insurance Journal reports.
After Bill Young’s funeral Thursday, the race to replace him will kick off and draw national attention, SunshineStateNews.com’s Jeff Henderson reports.
A former Florida lawmaker is trying to get the state to pay more than $800,000 in legal fees that he racked up while defending himself against corruption charges that were later dropped, Associated Press’ Gary Fineout reports for the Tampa Tribune.
The Tax Foundation’s 2014 edition of the State Business Tax Climate Index ranks Florida in the top 10 best tax climates.
THE NEWS SERVICE OF FLORIDA interviews Florida Attorney General Candidate George Sheldon via the Tampa Bay Times.
Kevin T. Westrope, president of Westrope, an independent wholesale brokerage based in Kansas City, Mo., has been elected to serve as the new president of the National Association of Professional Surplus Lines Offices (NAPSLO) for the 2013-2014 term, Insurance Journal reports.
Delaware’s legal industry suffered a blow when a federal court found on Wednesday the state violated the U.S. Constitution with its novel system of allowing judges to arbitrate private business disputes, which critics called secret trials, Reuters reports via Insurance Journal.
Just as regulation has prompted banks to move toward consolidation, one insurance executive here at the PCI Annual Meeting is calling for the same in his industry, Chad Hemenway reports for National Underwriter’s PropertyCasualty360.com.
The U.S. Chamber Institute for Legal Reform identified asbestos, class-action, data privacy, and False Claims Act lawsuits among the leading lawsuit trends, in a paper released at its 14th Annual Legal Reform Summit, Claims Journal reports.
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