Capitol to Courthouse Florida Insurance Report – Wednesday, May 18, 2016

 

No-Fault Insurance:  Florida Studies Killing it in $125,000 Report

State officials are cranking up a $125,000 study due September 2 on the possibility of junking Florida’s no-fault car insurance system after four decades, the Palm Beach Post’s Charles Elmore reports.

 

Insurers Sue to Block Florida Law Mandating Search for Beneficiaries

Four companies that sell life insurance in Florida are trying to get a judge to block a new law that requires them to annually check to see if policy holders have died and then try to find beneficiaries when they have.  The Associated Press’ Gary Fineout reports via the Orlando Sentinel.

 

Florida to Appeal Court Ruling Allowing State Farm to Keep Policy Tallies Private

Florida’s new insurance commissioner has decided to appeal a circuit court ruling, the Sun-Sentinel reports.

 

Security First Insurance App Boosts Homeowner Engagement

Since unveiling Security First Mobile, an app powered by the IBM MobileFirst Platform, Florida-based Security First Insurance has seen a 195 percent jump in the average number of new users per month.   Mobile Business Insights blogger James O’Brien reports.

 

Florida Insurance Agent Sentenced to 7 Years for Fraud

The Florida Department of Financial Services, Division of Insurance Fraud, which operates under the direction of CFO Jeff Atwater, announced the conviction and sentencing of former Orlando Insurance Agent, Insurance Journal reports.

 

Florida Power & Light Nuclear Waiver Proposal Draws Fire

Attorneys for consumers, the city of Miami and business and environmental groups are fighting Florida Power & Light’s request for a waiver from filing an annual analysis about the feasibility of adding two nuclear reactors in South Florida.  THE NEWS SERVICE OF FLORIDA’s Jim Saunders reports via the Lakeland Ledger.

  

Growth of Trade Secret Protections Spurs Backlash

The debate over keeping trade secrets and other business information from the public isn’t new, but the subject has attracted increased attention in recent years, Bruce Ritchie and Daniel Ducassi report for Politico Florida.

 

Good News, Floridians: State has Low Debt Burden

Florida taxpayers today are on the hook for less unpaid state debt than taxpayers in a majority of other states, according to a new report by the Pew Charitable Trust.  The Miami Herald’s Mary Ellen Klas reports via the Tampa Bay Times.

  

Repeal of Obsolete Texas Windstorm Association Inspection Waiver Program Rules Proposed

 

Texas’ Insurance Commissioner has issued an order repealing 28 TAC §5.4906 and §5.4907, which concerned the certificate of compliance approval program and the certificate of compliance transition program for the Texas Windstorm Insurance Association, respectively.

 

 

 

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