Capital to Courthouse Florida Insurance Report, Monday, July 17, 2017

 

The Latest: United Way Raising Money for Sinkhole Victims

County assistant administrator Kevin Guthrie says renters lived in the two destroyed homes and neither had renter’s insurance. He called their loss “catastrophic.”  The Associated Press reports via U.S. News and World Report. 

• Pasco sinkhole:  Cleanup will take months, some residents allowed back home
• How to know if your home is vulnerable to sinkholes

 

Wondering if your homeowner’s insurance will protect you?  You’re not alone

As South Floridians head into a hurricane season predicted to be busier-than-average, homeowners are wondering whether their insurers will pay up if their house is hit – and how to find out before a storm arrives.  Andrea Januta reports for the Miami Herald.

 

CFO’s office back in court over life insurance benefits case

Life insurers will be in court Monday in their lawsuit against the Department of Financial Services over a law requiring them to track down insurance beneficiaries.  Jim Rosica reports for FloridaPolitics.com.

 

PCI Warns Floridians on Auto Glass Fraud, Assignment of Benefits Abuse

The Property Casualty Insurers Association of America is warning vehicle owners in Florida not to become a victim of fraud when having a windshield repaired or replaced and to avoid assignment of benefits (AOB) “schemes” by glass repair and replacement facilities, Collision Week reports.

 

Private Market Could Save Money for 77 Percent of Floridians on Flood Insurance

Seventy-seven percent of Florida homeowners could see their flood insurance reduced if Washington lawmakers allow more private sector insurers to enter the flood insurance marketplace, SunshineStateNews.com Publisher Nancy Smith reports.

 

Got an insurance problem? Meet your advocate Tuesday in Gardens

Florida’s insurance consumer advocate will host a meet-and-greet 5:30 to 7 p.m. Tuesday at the Palm Beach Gardens City Hall, 10500 N. Military Trail. Those who attend can discuss any insurance-related issues they have with James and her staff.  Sarah Peters reports for the Palm Beach Post.

 

Constitutional review panel announces committee assignments

The commission, which already has held several public hearings, is empaneled every 20 years to go over Florida’s constitution and suggest amendments that go directly on a statewide ballot, FloridaPolitics.com reports.

 

J.D. Alexander opts out of Senate race

J.D. Alexander, a Lake Wales Republican who wielded great influence in the Florida Legislature for four years in the Florida House and 10 years in the Senate, said he has decided not to run for his old Senate seat again.  Bill Rufty reports for FloridaPolitics.com.

 

Trump Administration to Sign Insurance Regulation Pact with European Union

The U.S. Treasury Department and the Office of the U.S. Trade Representative said they will sign the bilateral agreement between the United States and the European Union regarding regulation of insurance and reinsurance.  Insurance Journal’s Andrew G. Simpson reports.

 

Georgia Insurance Commissioner Will Not Seek Re-Election

The Georgia Insurance Department has accomplished a lot, but there is still work to do, Georgia Insurance Commissioner Ralph Hudgens said in a news release today announcing he would not seek re-election, but would remain involved in politics.

 

NCOIL, NAIC on Collision Course over Delegation Authority

The two private trade associations, with memberships composed of public officials, are on a collision course over what lawmaking power may be constitutionally delegated to nonpublic entities.  Right Street’s Ian Adams blogs for Insurance Journal.

 

 

 

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