Category: Insurance Regulatory News

Cracks were discovered in the Florida International University bridge 10 days before it was raised, the Miami Herald reports. http://www.miamiherald.com/news/local/community/miami-dade/article210449384.html

The consortium, led by international giants Fluor and Astaldi, included Munilla Construction Management and FIGG Bridge Group, the builder and design engineers, respectively, for the Florida International University pedestrian bridge that collapsed on March 15 while under construction.  http://www.miamiherald.com/latest-news/article210385814.html

About three months after an appeals court upheld the dismissal of 73 lawsuits against tobacco companies, plaintiffs’ attorneys are asking the Florida Supreme Court to take up the dispute.  THE NEWS SERVICE OF FLORIDA reports via FloridaPolitics.com. http://floridapolitics.com/archives/263108-justices-asked-to-consider-dismissed-tobacco-cases

Commonplace in Canada and Australia, the lawsuit financing industry has grown in the U.S. in recent years.  John Sammon reports for the Florida Record. https://flarecord.com/stories/511407533-attorneys-don-t-favor-regulating-third-party-lawsuit-lenders

Belinda Keiser, the vice chancellor of Keiser University and a member of the Florida Constitution Revision Commission, is running for the state Senate seat currently held by retiring Senate President Joe Negron, R-Palm City, SunshineStateNews.com reports. http://sunshinestatenews.com/story/belinda-kesier-files-run-joe-negrons-state-senate-seat

A bill aimed at prevented insurance companies from cancelling, non-renewing or increasing consumers’ insurance premiums for filing a towing or roadside assistance claim failed to advance in Oklahoma’s legislative session, so the state’s insurance commissioner plans take regulatory action. https://www.insurancejournal.com/news/southcentral/2018/05/07/488492.htm

Puerto Rico governor Ricardo Rosselló has introduced proposed legislation to grant international insurers and reinsurers greater access to the local market, James Young reports for BNAmericas.com. Jamaica looks at cat bonds, other tools to confront disasters   http://www.bnamericas.com/en/news/insurance/puerto-rico-governor-submits-bill-to-open-insurance-market/

Competing constituencies help account for the difficulty states have had in regulating and taxing the short-term rental industry, even as some cities have taken action to regulate short-term rentals.  RouteFifty.com notes the Stateline article. https://www.routefifty.com/management/2018/05/states-struggle-to-regulate-airbnb/148001/

Lawsuits against property and casualty insurers with the largest market shares in Florida increased sharply in the first quarter of 2018 compared with the same period last year, and Hurricane Irma claims are to blame, insurers say.  Ron Hurtibise reports for the …

Florida Chief Financial Officer (CFO) Jimmy Patronis sent a  letter to Citizens Property Insurance Corporation President and CEO Barry Gilway today regarding the lack of a requirement for those lobbying the Corporation. The letter can also be found here.  Capital Soup …