Capitol to Courthouse Florida Insurance Report: Friday, July 24, 2015.
Jul 24, 2015
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Daily Florida Insurance-Related Events
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There are no insurance-related events scheduled for today.
Daily Florida Insurance-Related News
Home-Sharing alternatives find stake in Orlando’s vacation market
Online services such as Airbnb and HomeAway are changing the way some vacationers spend their money in Central Florida. Caitlin Dineen reports for the Orlando Sentinel.
Possible Sinkhole Swallows Truck in Citrus County
Citrus County Fire Rescue is investigating a sinkhole that opened up in Pine Ridge, swallowing a truck in the process. New Port Richey Patch.com reports.
Florida’s property insurance market amid Citizens’ continued depopulation
The Florida property insurance market is looking good these days, thanks to 10 years without a major hurricane event. Will 2015 be the year that changes? National Underwriter’s Caterina Pontoriero reports for PropertyCasualty360.com.
Lake Mary’s AssuredPartners acquired by private equity firm
Lake Mary-based AssuredPartners Inc. has entered into an agreement to be acquired by funds advised by global private equity firm Apax Partners, Orlando Business Journal’s Cindy Barth reports.
Florida Medicaid plans seek raise from state amid losses
Insurers participating in Florida’s new Medicaid managed care program say they’ve lost $542 million through 2014 and want the state to raise their rates. But after losing major federal funding for hospitals, Gov. Rick Scott doesn’t want to use any more state money for the Medicaid program. The Associated Press’ Kelli Kennedy reports for the Tampa Tribune.
Agency heads appointed by Governor likely to keep jobs
Two Florida agency chiefs appear likely to keep their jobs even after a nationwide search for other candidates. The Associated Press reports via the Tampa Tribune.
Minority newcomers likely to face off in state House 59 primary
Two Democratic minority women, both political newcomers, are likely to face each other in a primary for the state House District 59 seat held by Ross Spano. William March reports for the Tampa Bay Times.
Families are questioning an Ohio construction company after discovering construction mistakes and a moldy mess. Elizabeth Faugl reports for MyFox28 in Columbus.
Homeowners Insurance Company Won’t Have to Pay Millions in Settlement for Mickey Rooney Case
A judge ruled Wednesday that an insurance company does not have to pay the $2.8 million reached in a settlement of a legal dispute between the then-conservator for Mickey Rooney and one of the late actor’s stepsons. WestsideToday.com reports.
Brazil opens reinsurance market to more foreign competition
From January 1, 2017, the minimum amount of reinsurance cessions that Brazilian insurers must offer to local reinsurers will fall to 30%, from the current level of 40%, leaving more potential business for foreign reinsurers, BN Americas reports via Advisen.com. That minimum will then fall progressively to 15% by January 1, 2020, leaving as much as 85% of an insurance company’s reinsurance cessions available for foreign reinsurers, according to resolution 322, released by local regulator Susep.
On-demand doctor apps bring Uber approach to medicine
Pager and similar companies like Heal and Medicast aim to streamline medical care — cutting out waiting rooms, receptionists and trips to the doctor’s office, the Associated Press reports via Advisen.com.
Governance, Risk and Compliance–Report on the UK Insurance Industry
Research and Markets’ “Governance, Risk and Compliance – The UK Insurance Industry” report is the result of extensive research into the insurance regulatory framework in the UK. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance.
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