Even in Broward County — where 17 high school students, teachers and staff died in a February shooting that sparked a national movement to stop gun violence — there are fewer new registrations. The Tampa Bay Times’...
Category: Florida Insurance and Political Headlines
Flood insurance debate set to heat up as expiration nears
April 19, 2018
The NFIP is scheduled to expire and run out of borrowing authority in the middle of the 2018 hurricane season, Gloria Gonzalez reports for Business Insurance....
Further growth expected in 2018 as alternative capital hits $89bn, Aon Benfield reports
April 19, 2018
Analysis from global reinsurance broker Aon Benfield shows that alternative reinsurance capital growth again outpaced traditional market expansion in 2017, underlining its growing influence in the market. Artimis.bm...
The agreement between the two parties effectively ends the legal dispute that began late last year when NCRB requested an 18.7 percent homeowners’ insurance rate increase, Insurance Journal reports....
Hyundai forms partnership for usage-based insurance
April 19, 2018
Under the agreement, Hyundai will supply Verisk with driving data from consenting car owners through its Blue Link connected car service, which is available on the entire Hyundai line-up, starting with 2018 model year...
The Consumer Financial Protection Bureau had sought to eliminate dealer markups over concerns that black and Latino customers were often charged higher rates than whites with identical credit profiles, citing several analyses...
Accounting class-action suits hit record levels
April 19, 2018
The annual report, from Cornerstone Research, found a record number of 165 accounting filings during 2017, nearly twice the 88 filed the previous year, Accounting Today reports....
After Amazon Conquers Banking, Insurance Could be Next
April 19, 2018
Once Amazon establishes a co-branded basic banking service, Bain & Co. expects the internet giant to move steadily but surely into other financial products including lending, mortgages, property/casualty insurance, wealth...
Demotech Affirms “A” Ratings of Florida Insurers
April 16, 2018
Demotech will not downgrade any of the 16 Florida homeowners insurers that it said earlier this year could face financial stability ratings adjustments because of hurricane losses and assignment of benefits litigation during...
Florida AOB Reform Efforts Fail Again as Parkland Tragedy Derails Legislative Session
April 16, 2018
With over 900 items on the Florida legislative docket and only 60 days to consider them, it’s not surprising that many bills simply died in committee or were never seriously considered, Insurance Journal’s Patrick Wright...