Capitol to Courthouse Florida Insurance Report – Tuesday, September 27, 2016
Sep 27, 2016
For three weeks, Florida Department of Environmental Protection Officials kept mum about a Phosphate Mine’s 300-Foot-Deep Sinkhole that dumped 215 million gallons of Contaminated Water into the State’s Aquifer. When they finally told the Public earlier this month, Officials said they went “Above and Beyond” what they were required to do. The Tampa Bay Times’ Craig Pittman reports.
Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that Universal DirectSM (www.universaldirect.com), its Direct-to-Consumer Online Platform for Universal Property & Casualty Insurance Company Products, is now available to Homeowners in Florida, Hawaii and North Carolina.
Florida Lawmaker: Time to Redraft First Responder Workers’ Compensation Laws
Republican Florida Senator David Simmons said he expects the Legislature to reconsider Workers’ Compensation Laws in its upcoming 2017 Session. Bob Kealing reports for WESH-TV.
Skimmer, Trafficking Laws Hit Books Saturday
Twenty-six New Florida Laws Adopted during the 2016 Legislative Session take effect this weekend, the Ocala Star-Banner reports.
Digital Currency Popular in Miami Draws Congressional Scrutiny
Lawmakers have formed a Special Group in a Bid to stay on top of the exploding use of Bitcoins and similar forms of Digital Currency in Florida and elsewhere in the Country, the Miami Herald’s “Naked Politics” blog reports.
Why are Florida House Members Paid to Not Draft Legislation?
None of the 120 Members of the Florida House are allowed to Draft Bills during the “Blackout Period” if they are seeking Re-Election. Rachael Polansky reports for NBC’s WBBH-TV.
California U.S. House Member Files Property Casualty Premium FATCA Tax Exemption Bill
California Republican Ed Royce has Filed H.R.6159, which would Amend the Internal Revenue Code of 1986 to Exempt Premiums Paid on Non-Cash-Value Property and Casualty Insurance from the Taxes to enforce reporting on certain Foreign Accounts.
PCI Disputes Report Alleging Lower Car Insurance Pricing for Wealthier Insureds
A New Report from the Consumer Federation of America referencing Price Quotes from several Major Insurance Companies alleges that Drivers with Poor Driving Histories but Higher Income Brackets pay Lower Premiums than Moderate-Earning Consumers with Clean Driving Records.
- Read the Consumer Federation of America Press Release Here: Major Insurers Charge Moderate-Income Customers With Perfect Driving Records More Than High-Income Customers With Recent Accidents
The Subcommittee on Housing and Insurance will hold a Hearing entitled “The Impact of US-EU Dialogues on U.S. Insurance Markets” on Wednesday, September 28, 2016, at 2:00 p.m. in Room 2128 of the Rayburn House Office Building.
Report: Some Illinois Insurance Companies Forcing Roof Replacements
Making an Insurance Switch to save money on Rates? Becoming a New Home Insurance Client is what triggered Insurers to send Inspectors to look at their roofs, several Local Homeowners said. Debra Pressey of The (Champaign) News-Gazette reports via Insurance Journal.
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