Category: Insurance Regulatory News

Coalition Enlists Consumer Testimony in Support of AOB Reform A Business Group pushing the House version of Assignment of Benefits Reform is releasing Video Testimonials by Consumers who feel they were harmed by AOB Abuse.  FloridaPolitics.com reports. Insurer Not Off Hook For …

A no-fault car insurance system that was supposed to reduce lawsuits in Florida has instead produced a record mountain of more than 60,000 in 2017, a new report shows.   The Palm Beach Post’s Charles Elmore reports. http://www.mypalmbeachpost.com/news/pip-lawsuits-explode-record/Jhbp8XBsvvBsuS0yXXsMwK/

Recently besieged by steep rate increases for health insurance and homeowner’s insurance, South Florida residents are getting zonked again this year with unexpectedly high auto insurance price hikes, the Sun-Sentinel reports. http://www.sun-sentinel.com/business/fl-bz-auto-insurance-hikes-get-bigger-20180223-story.html

SB 150 by Thonotosassa Republican Senator Tom Lee would repeal no-fault, which requires drivers to carry $10,000 in personal-injury protection, or PIP, coverage to help pay medical expenses after an accident.  FloridaPolitics.com Publisher Peter Schorsch reports. http://floridapolitics.com/archives/257379-florida-chamber-wants-senate-put-brakes-auto-insurance-bill

The National Rifle Association, equipped with a vaunted political email list and support from passionate single-issue voters, is gearing up to take on Florida Governor Rick Scott and GOP leaders as they tee up a rarity in Florida lawmaking:  gun …

Florida lawmakers are trying to understand the impact of the Tax Cuts and Jobs Act of 2017, which took effect January 1 and cut the federal tax rate paid by major corporations and businesses from 35 percent to 21 percent.  …

Insurance company Chubb said on Friday that it will stop underwriting an insurance policy for gun owners called NRA Carry Guard.   Lorie Konish reports for CNBC. https://www.cnbc.com/2018/02/23/florida-shootings-may-complicate-insurance-for-gun-owners.html

Florida’s 17th Congressional District covers parts of Sarasota, Lee and Polk counties as well as the whole of Charlotte, DeSoto, Glades, Hardee, Highlands and Okeechobee.  FloridaPolitics.com Publisher Peter Schorsch analyzes. http://floridapolitics.com/archives/257365-dominoes-fall-rooney

The wording is so broad it could impact many more local ordinances, such as regulations on adult book stores and other adult entertainment, liquor sales, franchising agreements, retail zoning, and even limits on garage and sidewalk sales.   http://floridapolitics.com/archives/257401-tax-package-puppy-sales

Scientific reports on global warming, such as the National Climate Assessment, can tell you that heavy rainstorms are expected to increase in the Southeast, but they won’t tell you whether specific roads leading to a given warehouse might be unusable during …