Capitol to Courthouse Florida Insurance Report: Monday, July 6, 2015.
Jul 6, 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
Florida Court rules against damage caps for medical malpractice
A Florida court has ruled that caps on certain damages in medical malpractice lawsuits do not apply in personal injury cases. The Associated Press reports via the Tampa Tribune.
Hub International Limited, a leading global insurance brokerage, announced today the acquisition of the assets of Cooper, Simms, Nelson & Mosley based in Winter Park, Florida.
Northeast Florida Republicans eye 2022 House Speaker race
For Northeast Florida to get its chance at the speakership in 2022, some things have to fall in line 2016, the Florida Times-Union’s Tia Mitchell explains.
Sean Ashby Back for Another Try at Florida House Seat
Teacher Sean Ashby is making another effort to win a Florida House seat. Ashby announced on Thursday that he will run for the seat currently held by State Representative Tom Goodson, R-Titusville, which represents parts of Orange and Brevard counties. Goodson is gunning for the seat currently held by term-limited House Speaker Steve Crisafulli, R-Merritt Island, and State Representative Rene “Coach P” Plasencia, R-Orlando, who currently represents just Orange County, will run for the seat Goodson is giving up. Kevin Derby reports for SunshineStateNews.com.
Regulatory Review of Aetna’s Humana Deal Could Affect Other Insurer Deals
Aetna Inc.’s $37 billion deal to buy smaller health insurer Humana Inc. will face rigorous scrutiny from U.S. regulators, which antitrust experts said could also make other large-scale mergers in the sector more difficult. Reuters’ Luciana Lopez reports via Insurance Journal.
Vermont Issues Bulletin on Price Optimization in Personal Lines Ratemaking
In Bulletin 186 issued last week, the Vermont Department of Financial Regulation addressed the issue of “price optimization” by reminding all property and casualty insurers issuing personal lines policies in Vermont that all ratemaking must conform to statutory requirements in Chapter 128 of Title 8 V.S.A. relating to property and casualty insurance rate regulation, Colodny Fass’ Donovan Brown reports.
Missouri Settles with American Modern Insurance over Excessive Rates
The Missouri Department of Insurance announced a regulatory agreement with American Modern Insurance Group Inc. over allegations that the company charged excessive rates in lender placed homeowners policies, Insurance Journal reports.
Bill Allowing Uber to Stay in South Carolina is Officially Law
Uber is staying in South Carolina. After the transportation network company was halted by the state’s Public Service Commission in January and then granted a temporary license through June 30, South Carolina lawmakers introduced legislation allowing TNCs to operate in the state with updated insurance requirements, among other stipulations. Insurance Journal’s Amy O’Connor reports.
New Jersey Institute of Technology; Extreme weather is here. Development needs to catch up.
We need to be smarter about how – and where – we build, says New Jersey Institute of Technology Professor of Architecture Keith Krumwiede via the Houston Chronicle.
Lawsuits about what it means to be an employee could shape the future of big industries
Uber is not the only big American company whose business model may be upended by employment law. Last year the National Labour Relations Board’s general counsel said he would treat McDonald’s as a joint employer, together with franchisees, of staff in the chain’s franchised restaurants. This opinion will soon be tested in a case brought by ten employees who claim that they were sacked by a franchisee in Virginia on racial grounds, The Economist reports.
Standoff over social media passwords breaks new legal ground
A Texas case charts new territory in awarding property in bankruptcy proceedings and points to the growing importance of social media accounts as business assets. Legal experts say it also provides a lesson for all business owners who are active on social media. The Associated Press reports via Advisen.com.
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