Capitol to Courthouse Florida Insurance Report – Thursday, May 5, 2016

 

Citizens drops policies on homes valued over $700K in Broward, Palm Beach

After reducing its policy count by more than two-thirds over the past four years, state-run Citizens Property Insurance continued to shed its risk load by securing approval this week to drop 1,752 high-priced homes after their policies expire next year.  Ron Hurtibise reports via the Miami Herald.

 

Up to 15,000 Policies Approved for Removal from Citizens by Florida

The Florida Office of Insurance Regulation has approved the removal of up to 15,000 personal residential policies from Citizens Property Insurance for the July 19, 2016 take-out period, Insurance Journal reports.

 

The cost of legalizing ride-hailing in Miami-Dade?  Taxi drivers say $1B

A group of cab drivers in Miami-Dade has sued the county for $1 billion, claiming the legalization of ride-hailing apps like Uber is putting cabbies out of business, WTVJ reports.

 

Leaders indicate workers’ comp will be tackled in Florida’s 2017 Legislative Session

Talk of a Special Session to deal with Florida’s workers’ compensation insurance appears to be nothing more than that, Politico Florida’s Christine Sexton reports.

 

Florida gets $1.6 million from Olympus settlement

Florida will get more than $1.6 million as part of a large multi-state settlement involving a health care device-maker, Naseem S. Miller reports 

 

Hospital, insurer clash over payment information

In a battle between a major Jacksonville hospital and State Farm Mutual Automobile Insurance, the Florida Supreme Court on Wednesday grappled with questions about how much information the hospital should be required to disclose about its charges for care.  THE NEWS SERVICE OF FLORIDA’s Jim Saunders reports via SayfieReview.com.

 

Governor Scott:  Prepare for Zika virus like it’s a hurricane

In a statement Wednesday, Governor Rick Scott says lawmakers and administrators in Washington owe citizens “a vigorous and thorough preparation effort at the federal level” to protect citizens before Zika spreads here.  The Associated Press reports via the Lakeland Ledger.

 

Rick Scott won’t be Trump’s VP

Florida Governor Rick Scott made it clear Wednesday that if offered, he would decline to be a vice presidential candidate on the GOP ticket with Donald Trump.  Ali Breland reports for Politico Florida.

 

Virginia is latest to ban insurance price optimization

Virginia has become the 19th state to ban the insurance industry practice of “price optimization,” ConsumerAffairs.com founder James Hood notes.

 

Court sides with policyholders in complex litigation over asbestos claims

Policyholders scored a victory from New York’s highest court, which has ruled in an asbestos case that the “all sums” method should be used to determine how much insurers owe them for their coverage.  Judy Greenwald reports for Business Insurance.

 

 

 

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