Category: Florida Insurance and Political Headlines

Florida AOB Bill Passes Senate Insurance Panel Despite Business Opposition A Florida Senate Panel gave a thumbs-up Tuesday to a Bill that would prevent Property Insurers from including Attorney Fees and other Legal Costs in their Rate Base, despite opposition …

Brightline Adds Safety Features At Crossings Brightline has positioned large electronic signs at several busy Rail Crossings along its Route to warn the Public that its New Express Trains move faster than other rail traffic and to urge people to stay …

Protecting Legal Fraud In Florida Florida’s Legislature is in Session, and for the sixth straight year reform-minded Republicans are trying to shut down a Trial-Bar Scheme that’s bleeding Property Insurers and sending Sunshine State Premiums skyrocketing.   The Wall Street Journal …

U.S. House Financial Services Committee Notes Republican Flood Insurance “Defectors” The U.S. House Financial Services Committee took the unusual step of issuing an “In Case You Missed It” on a scathing editorial by the Wall Street Journal Editorial Board on …

Ex-CEO sues over failures of Guarantee, Patriot National Two lawsuits filed by Steven Mariano, former CEO and majority owner of insurance services provider Patriot National and worker’s compensation firm Guarantee Insurance Co., blame an auditor and hedge fund investors for …

The downsizing of Citizens Property Insurance Corporation (“Citizens”) was credited as having greatly contributed to the State of Florida’s dramatically improved insurance regulatory environment rating by the R Street Institute in its “2017 Insurance Regulation Report Card” published yesterday, January …

Report Shows Florida AOB Abuse Worsening as Lawmakers Consider Reforms In its most recent Data call of Water or Roof Damage Homeowners Claims closed between Jan. 1, 2015 and June 30, 2017 released last week, OIR found the frequency of Water Claims …

House Select Committee on Hurricanes Approves Final Report, 78 Recommendations A Final Report of 78 Recommendations, ranging from Nursing Home Safety to Evacuation Route Improvements, and Shelter Planning to longterm development concerns, won unanimous Approval Tuesday from the Florida House’s …

Sean Shaw Expected to Announce for Attorney General If he enters the Race, Shaw will be the fourth Candidate in the crowded field from Hillsborough County.  The Tampa Bay Times’ William March reports. Three Sailboats Flung Into Yard by Irma …

FIRM expands appeal on insurance rate increase They are requesting that rates be rolled back to at least 2016 levels, KeysNews.com’s Timothy O’Hara reports. Lawmakers look to get rid of Florida’s no-fault auto insurance law Sponsors say bodily injury coverage …