Capitol to Courthouse Florida Insurance Report: Friday, October 30, 2015
Oct 30, 2015
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Daily Florida Insurance-Related Events
There are no insurance-related events scheduled for today.
Daily Florida Insurance-Related News
Florida Regulators Encouraged by Insurers’ Stress Test Results
Florida property insurers are well-capitalized and able to handle a 1-in-100 year storm event if and when it occurs in the state, according to the Florida Office of Insurance’s 2015 Data Call and subsequent stress test report. Insurance Journal’s Amy O’Connor reports.
Florida Insurance Consumer Advocate introduces herself to Jacksonville
On Thursday afternoon, Florida’s Insurance Consumer Advocate Sha’ron James held an insurance consumer forum at Jacksonville’s City Hall. State Representative Mia Jones, in introducing “fellow Rattler” James, noted that insurance “is an area that is not easy” and that “most people don’t understand.” FloridaPolitics.com reports.
America’s Largest Private Flood Provider Will Open Its Doors to Florida and U.S. Coastal Areas
Poulton Associates announced today that it has concluded negotiations for agreements that will make billions of dollars in flood insurance capacity available to consumers in the State of Florida and in other coastal areas throughout the country.
Florida Supreme Court Upholds “Consumer Expectations” Test in Product Liability Cases
In a case against the Union Carbide Corp., the Florida Supreme Court reinstated a $6.6 million judgment yesterday for a man who said he developed a form of cancer after exposure to asbestos that the company made and sold. Jim Rosica reports for FloridaPolitics.com.
South Florida Has Most Merger and Acquisition Activity
The Sunshine State ranked third for merger and acquisition activity in the first three quarters of the year among Southern states, according to a report released Tuesday from Mergermarket. Nina Lincoff reports for the South Florida Business Journal’s “The Buzz” blog.
Backlash against rental car fees gets Florida lawmakers’ attention, but . . .
Amid hundreds of consumer complaints, class-action lawsuits and critical news coverage in the U.S. and Canada, some legislators are looking into the rental car industry’s practice of charging service fees of up to $15 a day to cover highway toll charges. Steve Bousquet reports on the Miami Herald’s “Naked Politics” blog.
Florida TaxWatch: Sunshine State Needs More Medical Residencies
Florida TaxWatch released a study on Thursday showing the Sunshine State should increase the number of medical residences, Kevin Derby reports for SunshineStateNews.com.
Florida corruption bill gains support
What started as a campaign by fed-up journalists to curb corruption in Florida is now a full-fledged bill for the Legislature to take up in January. Matt Reed writes for the Ft. Myers News-Press.
Surplus Lines Stamping Office of Texas Phone Numbers Changing
The Surplus Lines Stamping Office of Texas announced it is simplifying communications with new business phone number listings and an upgraded telecommunication system, Insurance Journal reports.
New British Insurance Premium Tax Hike Could Further Squeeze Insurer Margins
A tax hike on British motor and home insurance policies effective from Sunday is set to hit consumers and could trigger a fresh round of margin-squeezing price competition among general insurers. Reuters’ Carolyn Cohn and Noor Zainab Hussain report for Insurance Journal.
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