Category: Florida News

Hyundai forms partnership for usage-based insurance

Apr 19, 2018

Under the agreement, Hyundai will supply Verisk with driving data from consenting car owners through its Blue Link connected car service, which is available on the entire Hyundai line-up, starting with 2018 model year vehicles.  Lyle Adriano reports for Insurance …

Accounting class-action suits hit record levels

Apr 19, 2018

The annual report, from Cornerstone Research, found a record number of 165 accounting filings during 2017, nearly twice the 88 filed the previous year, Accounting Today reports. https://www.accountingtoday.com/news/accounting-class-action-lawsuits-hit-record-levels

After Amazon Conquers Banking, Insurance Could be Next

Apr 19, 2018

Once Amazon establishes a co-branded basic banking service, Bain & Co. expects the internet giant to move steadily but surely into other financial products including lending, mortgages, property/casualty insurance, wealth management and term life insurance, Insurance Journal reports. https://www.insurancejournal.com/news/national/2018/04/17/486613.htm

Demotech Affirms “A” Ratings of Florida Insurers

Apr 16, 2018

Demotech will not downgrade any of the 16 Florida homeowners insurers that it said earlier this year could face financial stability ratings adjustments because of hurricane losses and assignment of benefits litigation during 2017.  Amy O’Connor reports for Insurance Journal. …

State of Florida continues rule-making for medical marijuana

Apr 16, 2018

Calling it a “blue sky opportunity,” the state’s chief medical marijuana regulator opened a rule-making workshop Friday with a twist:  No rules.  Jim Rosica reports for FloridaPolitics.com. http://floridapolitics.com/archives/261203-dumpster-marijuana-rulemaking