Capitol to Courthouse Florida Insurance Report – Friday, June 17, 2016
Jun 17, 2016
Public Hearing Requested over Heritage’s 14.9-Percent Insurance Rate Increase
Florida’s Insurance Consumer Advocate has called for a Public Hearing over Heritage Property & Casualty’s requested statewide average 14.9-percent rate increase for former policyholders of State-Run Citizens Insurance, the Sun-Sentinel’s Ron Hurtibise reports.
Gator Tragedy Leaves Disney Facing Insurance Nightmare, Some Speculate
Speculation is rampant that Disney’s insurance carrier will “really be on the hook” for the recent alligator attack tragedy on its property. Christina Corbin reports for FOX News.
Florida No. 3 in Country for Auto Theft
Florida ranks third in the United States for stolen and recovered vehicles, behind California and Texas, according to LoJack’s Annual Report using recovery data from 2015. Jensen Werley reports for the Jacksonville Business Journal.
Security First Insurance Promotes Melissa Burt DeVriese to Chief Administrative Officer
Florida-based homeowners insurance provider, Security First Insurance Company, announces the appointment of Melissa Burt DeVriese as Chief Administrative Officer. She retains the title of General Counsel.
Nearly $10 Million in Federal Grants Awarded to Florida Health Centers, Groups
The Obama Administration this week announced nearly $10 million in grants for Florida Health Centers and organizations to expand oral health services and reduce the number of uninsured children in the state, the Miami Herald reports.
New York State Senate Confirms Vullo as Top Financial Regulator
The New York State on Wednesday confirmed Governor Andrew Cuomo’s pick to become the State’s Top Financial Regulator, Reuters’ Suzanne Barlyn and Rama Venkat Raman report.
US Calls Finding MetLife Not “Too Big to Fail” a Mistake
The US Government cited a key provision of the Dodd-Frank Act in its response to a federal judge’s decision to strike down the designation of life insurer MetLife as “Too Big to Fail.” In its response, the Government says the Judge “Was Profoundly Mistaken” when interpreting guidelines for whether an institution is systemically important. Bloomberg reports via the PCI SmartBrief.
Panel to Review Connecticut Insurance Commissioner’s Role in Merger
Connecticut’s Citizens Ethics Advisory Board has agreed to review whether the state’s insurance commissioner should recuse herself from overseeing Anthem Inc.’s proposed merger with Bloomfield-Based Cigna. The Associated Press reports via the Washington Times.
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