Category: Florida News

During a House Insurance Committee hearing on Tuesday, Rep. Blake Carpenter, one of the bill’s authors, quoted the movie “American Sniper” and said violence in school was a matter of “when” and not “if.”  CNN’s A.J. Willingham reports via ClickOrlando.com. …

It’s not just Fortune 500 companies or the big banks looking for terrorism coverage, and it’s not just larger events that are motivating firms today to get terrorism insurance.  Insurance Business Magazine reports. https://www.insurancebusinessmag.com/us/news/breaking-news/texas-bombings-reveal-the-new-scale-of-terrorist-attacks-for-insurers-96202.aspx

Demotech has prepared an extended commentary regarding the Florida property marketplace along with the rating status for each of these companies. For the full update, click here. http://news.demotech.com/demotech_news/20180328_fl_announcement/

Governor Rick Scott signed a bill that extends workers’ compensation benefits for first responders being treated for post-traumatic stress disorder.  The law also requires agencies to provide education training related to mental health awareness.  Jonathan Capriel reports for the Tampa …

Governor Rick Scott approved a new state budget that includes more than $52 million to pay homeowners in Broward and Palm Beach counties whose trees were removed.  The Associated Press reports. https://apnews.com/ebf99a846d564e269b26da43bb8b3e73/Judge-orders-state-to-pay-ASAP-in-citrus-canker-lawsuit 

A subsidiary of Uber Technologies is disputing a court ruling that it disclose certain information not considered to be a trade secret, such as numbers of pickups and money paid to Broward County as a usage fee.  THE NEWS SERVICE …

Both of Florida’s U.S. senators and 14 Congress members signed a letter asking the head of the Corps to “coordinate an expedited review of the proposal” so the project can be added to federal water projects being considered by Congress in fall.  …

California Insurance Commissioner Dave Jones exceeded his statutory authority by considering the investment income of separate State Farm affiliates when he ordered State Farm General Insurance Co. to roll back its homeowners insurance rates retroactively, Ray Lehmann reports via Insurance …

According to analysis published by the National League of Cities in 2017, “Preemption, or the use of state law to nullify a municipal ordinance or authority, has proliferate in recent years, particularly in economic development-related policy areas, including minimum wage, municipal …

The transaction will feature four ceding companies which are all subsidiaries of United Insurance Holdings, sources told Artemis. http://www.artemis.bm/blog/2018/03/26/100m-armor-re-ii-cat-bond-launched-for-united-insurance-holdings-subsidiaries/