Capitol to Courthouse Florida Insurance Report – Thursday, July 28, 2016
Jul 28, 2016
Applications for financing double as Obama Administration endorses PACE and home and business owners prepare for hurricane and climate change threats.
Seibels Announces Gulfstream’s Geographic Expansion into South Carolina
The Seibels Bruce Group, Inc., an insurance services provider of business process outsourcing solutions, is pleased to announce that Gulfstream Property and Casualty Insurance Company, a Seibels client since 2004, has expanded its business and is now offering homeowners, condominium, renters, and flood insurance in South Carolina.
Arthur J. Gallagher & Co. buys Gabor Insurance Services
Insurance Brokerage and Risk Management Services Firm Arthur J. Gallagher & Co has acquired Gabor Insurance Services and its subsidiary, American Professional Liability Underwriters.
Florida Trend Rates “We Insure” Among Best Places to Work
We Insure Group, Inc., a Southeast Regional Property/Casualty Insurance Franchise Company, has been awarded Best Company to Work for in Florida by Florida Trend, ranking #23 in the Best Small Company category.
Feds Aim to Uncover Secret Shell Games in Broward, Palm Beach
In January, the U.S. Treasury Department announced a new measure requiring full disclosure of the identities of cash real estate buyers in Miami if the transaction exceeded $1 million. Now, title insurers are obligated to use the same diligence with Fort Lauderdale and Palm Beach buyers. These Regulations apply to several Premium Real Estate Markets across the U.S, the Miami Herald reports via Crain’s Miami.
Appeals Court Upholds Red-Light Cameras but Urges Florida Supreme Court to Rule Decisively
Urging the State Supreme Court to take up the controversial issue, an appeals court Wednesday rejected a motorist’s arguments that a South Florida City had given too much authority to a company that operates red-light traffic camera programs, FlaglerLive.com reports.
Governor Rick Scott to Chair Trump Super PAC
Florida Governor Rick Scott is going to become National Chairman of a Super PAC that is backing Republican Presidential Nominee Donald Trump. The Associated Press reports via WCTV-TV.
Debate Emerges on Carving up Florida’s “Docs V. Glocks” Law
As a Federal Appeals Court ponders the constitutionality of Florida’s “Docs v. Glocks” Law, Attorneys this week debated in court documents whether it would be possible to jettison parts of the controversial measure — and keep others. THE NEWS SERVICE OF FLORIDA’s Jim Saunders reports via CBS Miami.
Marijuana Dispensary Planned for Pensacola
The first Medical Marijuana Dispensary in the State opened its doors Tuesday in Tallahassee, and the CEO of the dispensing company says a Pensacola location is on the way. Will Isern reports for the Pensacola Beach News-Journal.
Trump’s New Legal Trap: Trial Over Florida Golf Membership Fees
Some Members of the Trump National Golf Club Jupiter sued to get their money back after Trump allegedly changed the membership rules following his 2012 Acquisition of the money-losing venture from Ritz-Carlton Hotel Co. for $5 million. Susannah Nesmith reports for Bloomberg.com.
He wants to make America uninsured again. Stephen Rex Brown reports for the New York Daily News.
Is a Category 6 Hurricane Possible?
A recent blog post by Dr. Jeff Masters got the entire weather community thinking: Could there be a Category 6 Hurricane? Weather.com weighs in.
Cybersecurity Posture Grows in Importance in Mergers and Acquisitions
In Mergers and Acquisitions, Corporate Acquirers are increasingly aware of the need for vigorous Cybersecurity Due Diligence, yet often lack the proper personnel to conduct thorough analyses, according to a new study, Information-Management.com reports.
Detours for Insurance Megamergers Could Lead to Innovation
Preserving and encouraging competition has already spurred fresh approaches, says a Stanford University Economist. Boeing, for example, is negotiating directly with Medical Service Providers to offer Healthcare to some of its employees, bypassing insurance companies. FOX Business reports via Crain’s Miami.
U.S. & China Insurance Regulators Plan for Future
Regulator Representatives from the U.S. and China met this week to discuss important issues facing their respective Insurance Markets, the NAIC reports.
CMS Issues New Policies to Quicken Access to Federal Insurance Marketplace
The CMS wants to ease enrollment on the Federal Insurance Marketplace and keep it affordable by expediting the application process and signing up people who are rejected for Medicaid, Virgil Dickson reports for ModernHealthCare.com.
Click here to follow Colodny Fass on Twitter (@ColodnyFassLaw)
To unsubscribe from this newsletter, please send an e-mail to colodnyfassnews@gmail.com.