Category: Insurance Regulatory News
Apr 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. https://www.accountingtoday.com/news/accounting-class-action-lawsuits-hit-record-levels
Apr 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 management and term life insurance, Insurance Journal reports. https://www.insurancejournal.com/news/national/2018/04/17/486613.htm
Apr 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 2017. Amy O’Connor reports for Insurance Journal. …
Apr 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 explains. https://www.insurancejournal.com/magazines/mag-features/2018/04/16/486021.htm
Apr 16, 2018
The Florida Third District Court of Appeals in Miami gave a multi-faceted ruling on April 4 in response to an appeal from the Circuit Court for Miami-Dade County involving three related lawsuits resulting from the sale of two oceanfront properties. …
Apr 16, 2018
The Florida Constitution Revision Commission is heading to the finish line, THE NEWS SERVICE OF FLORIDA reports via FloridaPolitics.com. http://floridapolitics.com/archives/261309-panel-tees-up-proposed-changes-to-constitution
Apr 16, 2018
Calling it a “blue sky opportunity,” the state’s chief medical marijuana regulator opened a rule-making workshop Friday with a twist: No rules. Jim Rosica reports for FloridaPolitics.com. http://floridapolitics.com/archives/261203-dumpster-marijuana-rulemaking
Apr 16, 2018
The good news is the number of deaths from car crashes dropped 15 percent in Florida, Justine Griffin reports for the Tampa Bay Times. http://www.tampabay.com/news/health/Here-are-the-top-five-things-killing-Floridians-new-study-says_167228899
Apr 16, 2018
Uber has been hit with dozens of lawsuits in recent years claiming that its drivers are employees and are entitled to minimum wage, overtime, and other legal protections not afforded to contractors. Daniel Wiessner reports for Insurance Journal. https://www.insurancejournal.com/news/national/2018/04/13/486389.htm
Apr 16, 2018
The New York Department of Financial Services has advised its regulated insurers to encourage policyholders that investing in commercial global positioning system equipment could reduce motor vehicle collisions and result in lower insurance premiums. https://www.insurancejournal.com/news/east/2018/04/13/486415.htm’