Capitol to Courthouse Florida Insurance Report – Thursday, August 18, 2016
Aug 18, 2016
State of Florida Challenges Ruling on State Farm Secrecy
A Leon County Circuit Judge should have required Insurance Giant State Farm to prove its Policy-Count Data was valuable to Competitors before allowing the Company to hide the data from the public, the Florida Office of Insurance Regulation argued in its Appeal. The Sun-Sentinel’s Ron Hurtibise reports.
Jeffrey Bragg Fails to Make Final Cut for Florida Public Service Commission Seat
Three Candidates won Nomination Wednesday to sit on the Florida Public Service Commission. Their names go to Governor Rick Scott, who will make the final selection. Michael Moline reports for FloridaPolitics.com.
Florida Carriers United and American Coastal Agree to Merger
United Insurance Holdings Corp. in St. Petersburg will grow to more than $1.5 Billion in Assets after a Merger with the Parent Company of American Coastal Insurance Co. in Sunrise. Margie Manning reports for the Tampa Bay Business Journal.
No Deadline for Decision on Big Florida Workers’ Comp Hike
A Public Hearing this week represented a major battle in the war over a Proposed Major Increase in Workers’ Compensation Insurance Premiums, but the fighting is by no means over, Michael Moline reports for FloridaPolitics.com.
Florida-Based Litigation Insurance Reimburses Plaintiff Lawyers Losing Cases on Contingency
While similar products known as “After the Event” Insurance exist in Canada and the U.K., Level Insurance — founded by Florida Litigators Justin Leto and Larry Bassuk — says it’s the first to offer such coverage in the U.S., a much more litigious Market. Their stated goal is to protect themselves and to encourage lawyers to take on even riskier cases. Bloomberg’s Erik Larsen reports via Insurance Journal.
Report Card: Florida Fails in Medical Transparency
Patients likely pay more because they know less, Adam Winer reports for ABC Action News (video).
Judge says Florida Counties Can Continue Challenge to Rail Service
A Federal Judge says two Florida Counties can proceed with their challenge to the All Aboard Florida Railroad Service between South Florida and Orlando. The Associated Press reports via the Tampa Tribune.
Super PACs Spending Nearly $180K a Day in Florida
Over the past two weeks alone, Florida has been flooded with more than $2.5 Million in spending from Super PACs, as the groups fueled by Unlimited Campaign Contributions have become an imperative tool to either prop up the Campaigns of friends or bludgeon those of political foes. Matt Dixon reports for Politico Florida.
Zimmerman Prosecutor Defies Naysayers in Bid for Third Term as State Attorney
Angela Corey, who was elected State Attorney for the 4th Judicial Circuit in 2008, is running now for a Third Term against two of her former Subordinates, Melissa Nelson and Wesley White. Larry Hannan reports for the Florida Times-Union.
Sheriff, North Carolina Department of Insurance Clash Over Bail Bond Oversight
A Union County Bail Bondsman that State Officials accused of breaking Bail Bond Laws is still approved by the State to teach people how to become Bail Agents, WSOC-TV reports.
Colorado Springs Auto Insurance Company Ordered to Pay $790,000 Restitution
The Denver District Court issued the order August 11 and placed a Permanent Injunction on Rio National Insurance Services and its President and CEO, Steven E. Kerbel, for unlawful sale of Unregistered Securities, engaging in business in Violation of Licensing Requirements under the Colorado Securities Act, and Commission of Securities Fraud, the Colorado Springs Gazette reports.
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