Aon plc announced that Dominic Christian has been appointed as global chairman of Aon Benfield. At the same time, Julie Page has been promoted to chief executive officer of Aon UK Ltd., subject to regulatory approval,...
Capitol to Courthouse Florida Insurance Report – Thursday, March 01, 2018
March 1, 2018
Category Florida and Insurance News
Attempt to Overhaul State’s No-Fault Auto Insurance System Fails in Senate Subcommittee The Legislation, one of House Speaker Richard Corcoran’s priorities, would have ended the State’s No-Fault Auto...
U.S. GAO Observations on Federal Contracting for Disaster Response and Recovery Efforts
February 28, 2018
The U.S. Government Accountability Office was asked to review and report on federal contracting activity to support the work of FEMA and other federal agencies related to the response to the 2017 hurricanes.
Demotech Holds-Off on Affirming “A” Ratings
February 28, 2018
A company that rates many Florida property/casualty insurers believes hurricane losses and assignment of benefits litigation during 2017 could affect some insurers’ financial ratings, Insurance Journal’s Amy O’Connor...
Citrus Re Florida cat bond losses clearer
February 28, 2018
The $30 million Citrus Re 2015-1 Class C tranche of notes is currently estimated to face at least a $20 million loss, although secondary pricing seems to imply that investors may expect a higher reinsurance recovery to be...
Florida Senator Rob Bradley’s health care fairness doctrine
February 28, 2018
Senate Appropriations Chair Rob Bradley is undertaking something seen too rarely in the Legislative process: He is actually trying to clean up and improve Florida’s health care financing policy, FloridaPolitics.com...
Florida’s “Five Million Dollar Ant Bite Case” Goes to Appeals Court . . . as the Legal World Watches
February 28, 2018
At a recent legal conference the lawsuit was referred to as “The Five Million Dollar Ant Bite Case.” It’s being compared to the infamous McDonald’s hot coffee case, in which a New Mexico jury awarded $2.86...
Florida House, Senate start negotiations on tighter budget
February 28, 2018
House and Senate leaders Tuesday night kicked off formal negotiations on a new state budget, THE NEWS SERVICE OF FLORIDA reports via FloridaPolitics.com. Legislators say they’ll have a budget by Tuesday Budget remarks...
House panel OKs bill to arm teachers, defeats assault weapons ban
February 28, 2018
The powerful Florida House Appropriations Committee on Tuesday approved a sweeping proposal to tighten gun controls in response to the Feb. 14 mass shooting at Marjory Stoneman Douglas High School, but it did not approve an...
Dana Young drops out of 2022 Senate presidency race
February 28, 2018
Though the race had remained largely under the radar, the Tampa Republican had been jockeying for position with GOP state Sens. Travis Hutson of Palm Coast and Kathleen Passidomo of Naples. State Sen. Greg Steube...