Category: Insurance Regulatory News
May 1, 2018
Airbnb this week touted a new report showing Florida seniors are cashing checks thanks to its platform, and the Florida League of Cities said that announcement is proof the company doesn’t need to bypass local governments in the vacation rental …
May 1, 2018
Multiple aviation and technology companies ranging from aviation giants like Boeing to technology startups are working on aircraft designs that could be used as robotic taxis, capable of landing on urban rooftops to pick up passengers who want to avoid …
May 1, 2018
“The Property Casualty Insurers Association of America is disappointed that Gov. Wolf vetoed Senate Bill 936,” said Micaela Isler, the Chicago-based organization’s assistant vice president of state government relations, in a statement. Louise Esola reports for Business Insurance. http://www.businessinsurance.com/article/20180430/NEWS08/912320933/Pennsylvania-workers-compensation-drug-formulary-bill-vetoed
Apr 30, 2018
An appellate court has rejected a community group’s challenge to premium levels for Citizens Property Insurance customers in Monroe County. Michael Moline reports for FloridaPolitics.com. Read the Ruling Here http://floridapolitics.com/archives/262455-court-rejects-keys-challenge
Apr 30, 2018
Florida House candidate Andrew Vargas is campaigning to stop “abuse and frivolous lawsuits that lead to rate increases” from insurers, but state records show his South Florida law firm is a leader in a cottage industry of trial lawyers blamed …
Apr 30, 2018
Universal’s retention ratio on impacted policies has continued to run over 90% during the first quarter of 2018. Matt Sheehan reports for Reinsurance News. https://www.reinsurancene.ws/universal-to-maintain-catastrophe-retention-and-increase-reinsurance-cover/
Apr 30, 2018
If successful, the city could be the first in the country to insure its resort tax revenue, Lyle Adriano reports for Insurance Business Magazine. https://www.insurancebusinessmag.com/us/news/catastrophe/miami-beach-considers-resort-tax-insurance-system-99223.aspx
Apr 30, 2018
A new federal report cast Florida in an unusual role, as the state with the most net job losses, at least for the third quarter of 2017. THE NEWS SERVICE OF FLORIDA’s Lloyd Dunkelberger reports via SunshineStateNews.com. http://sunshinestatenews.com/story/report-shows-hurricane-irma-played-havoc-job-growth
Apr 30, 2018
After Hurricane Irma temporarily knocked out electricity for millions of Floridians in September, state regulators next week will hold a two-day workshop to look at utility preparedness and storm-response plans. THE NEWS SERVICE OF FLORIDA reports via FloridaPolitics.com. http://floridapolitics.com/archives/262353-regulators-look-at-utility-hurricane-plans
Apr 30, 2018
The FWCJUA warned that Florida workers’ compensation law would be upended if companies such as ART are viewed as employers under Florida law, that such a ruling would vitiate the licensing requirement for employee leasing companies, and that run-of-the-mill payroll …