Category: Insurance Regulatory News

Aon Securities, the investment banking unit of reinsurance broker Aon Benfield, has released its Q1 2018 ILS market update, which notes record catastrophe bond issuance in the period of $3.58 billion, across ten transactions.   Artemis.bm reports via the PCI SmartBrief. …

The Texas Department of Insurance has posted an informal draft that would amend rules regulating the sale of insurance products that could be misrepresented or misunderstood as substitutes for workers’ compensation insurance. http://www.tdi.texas.gov/rules/pc/documents/wccvrltr.pdf#cover%20letter

One scalable way to provide a financial incentive would be to offer teens auto insurance discounts, based on actual driving performance and phone use as measured by in-vehicle devices or smartphone apps, which are becoming more common and hold tremendous …

Creeping flood waters driven by sea rise have yet to reach the doors of most homes in Miami-Dade, but research shows the looming threat from climate change is already affecting their value. And not in a good way.  Alex Harris …

Without reform, premiums are projected to rise more than 60 percent over the next five years in Broward and Miami-Dade and more than 50 percent in Clay and Duval counties.  Ray Lehmann blogs for Insurance Journal. https://www.insurancejournal.com/blogs/right-street/2018/04/25/487384.htm

They were at least six visible holes of various sizes close to eight townhomes. Some of the holes measured 15 to 25 feet wide. The depths were unknown. At least two of the holes had water in them. http://www.ocala.com/news/20180425/apparent-sinkholes-force-evacuations?rssfeed=true

This investment comes following a strategic repositioning of United Auto’s business and a renewed focus by the company on enhancing its leading position in Florida and Texas. http://www.hickoryrecord.com/news/business/ap/united-automobile-holdings-secures-million-growth-investment-from-victory-park/article_c26c1f80-837c-5f4b-b3c7-c35cbf4b1759.html

The Florida Department of Financial Services announced Wednesday it intends to pay $195,000 to the Workers’ Compensation Research Institute to study how Florida’s workers’ compensation insurance market is performing compared to other states.  THE NEWS SERVICE OF FLORIDA reports via …

The issue in this case requires this Court to determine when a negligence claim arises out of the “rendering of, or the failure to render, medical care or services,” as the Legislature’s definition of medical malpractice provides, thereby subjecting a …

With time running out, a federal appeals court late Wednesday sided with Florida in an escalating battle over the state’s process for restoring voting rights for former prisoners.  Gary Fineout reports for the Associated Press. https://apnews.com/1ed69619cc264d1c9a72a56c63109bc0/Federal-court-sides-with-Florida-in-voting-rights-battle