Category: Insurance Regulatory News
May 10, 2018
The commission, formed every 20 years to review and suggest changes to the state’s governing document, formally submitted its proposed amendments to Secretary of State Ken Detzner on Wednesday. https://www.flcrc.gov/PublishedContent/ADMINISTRATIVEPUBLICATIONS/CRCFinalReport.pdf
May 10, 2018
Nobody can sell water without getting permission from one of the state’s five water management districts, which examine whether the proposed sale is for a “beneficial use” that’s “in the public interest.” The Tampa Tribune’s Craig Pittman reports. http://www.tbo.com/news/environment/Only-in-Florida-Battle-over-water-free-speech-pits-billionaire-vs-activist_165492969
May 10, 2018
One rule submitted would allow drones to fly over people while another proposal submitted would allow for remote identification and tracking of unmanned aircraft in flight. Reuters’ Jeffrey Dastin and David Shepardson report via Insurance Journal. https://www.insurancejournal.com/news/national/2018/05/10/488831.htm
May 10, 2018
Lloyd’s said in a statement that it had given “very careful consideration” as to whether insurers at Lloyd’s should cover programs associated with the NRA. Gavin Souter reports for Business Insurance. http://www.businessinsurance.com/article/20180509/NEWS06/912321157/Lloyds-of-London-bars-syndicates-from-covering-NRA-program
May 10, 2018
California Insurance Commissioner Dave Jones announced the conclusion of an enforcement action against Parker Conrad for his alleged role in licensing compliance violations that occurred at Zenefits during his tenure as CEO. http://www.insurance.ca.gov/0400-news/0100-press-releases/2018/release052-18.cfm
May 9, 2018
Citizens Property Insurance Corp. will transfer $1.42 billion in risk to the reinsurance and capital markets — a move its leadership said would leave it with reserves sufficient to cover a major storm. FloridaPolitics.com’s Michael Moline reports. Artemis.bm– Florida Citizens approved …
May 9, 2018
The discussion will include the May claims-paying capacity estimates. Other general business of the Advisory Council may also be addressed. https://www.sbafla.com/fhcf/Portals/FHCF/20180517_Agenda.pdf?ver=2018-05-09-100857-147
May 9, 2018
The governor spoke to the Tampa Bay Times about how the challenges of Hurricane Irma and what lessons he learned. The Tampa Bay Times’ William March reports for “The Buzz” blog. http://www.tampabay.com/florida-politics/buzz/2018/05/09/hurricane-2018-a-storm-season-qa-with-gov-rick-scott/
May 9, 2018
In a case stemming from a child getting rushed to a hospital after a traffic accident, a federal appeals court Tuesday backed an air-ambulance firm in a dispute about whether the amount paid for helicopter services should be limited by …
May 9, 2018
After millions raised and millions spent testing the water for a potential statewide run, his announcement is sure to be a shocker: He isn’t running, he’s endorsing Adam Putnam. FloridaPolitics.com Publisher Peter Schorsch reports. http://floridapolitics.com/archives/263225-richard-corcoran-to-endorse-adam-putnam-for-governor