Category: Insurance Regulatory News

For first time in decades, a Republican-led Florida Legislature and a Republican governor might limit some gun rights.  Politico Florida’s Marc Caputo reports. Read more:  https://www.politico.com/story/2018/02/21/guns-nra-parkland-florida-417897

Each amendment revises SB 1048 and HB 55, bills that were designed to promote the proliferation of firearms in Florida, including in schools. Read more:  http://www.flsenate.gov/Media/PressReleases/Show/2867

The Governor’s announcement came during one of several workshops the governor convened addressing last week’s mass shooting at Marjory Stoneman Douglas High School.  Daniel Ducassi and Matt Dixon report for Politico Florida. Read more:  https://www.politico.com/states/florida/story/2018/02/20/scott-plans-to-release-post-parkland-shooting-plans-by-friday-265604

The resolution states a need for education, research and policy changes to protect Floridians, especially teenagers, from pornography.  The Associated Press reports via the Sun-Sentinel. Read more:  http://www.sun-sentinel.com/news/florida/fl-reg-florida-ap-pornography-health-20180221-story.html

California Insurance Commissioner prevails against insurer’s final appeal challenging reasonable profits in rate setting. Read more:  http://www.insurance.ca.gov/0400-news/0100-press-releases/2018/release020-18.cfm

Florida Hurricane Catastrophe Fund Legislative Change Advances Over the objections of some of the largest Business Associations in the State, the Senate Banking and Insurance Committee approved a Bill that would eliminate the State’s ability to collect $222.4 Million in …

Multiple Sinkholes Open In Florida Retirement Community Two Homes have been condemned and two have been evacuated. Power has been cut to all four.  The Associated Press reports via Insurance Journal.   Attorney, Vendor AOB Lawsuits Top Florida Insurance Litigation …

The National Association of Insurance Commissioners held a public hearing today, February 20, 2018, to address the reinsurance collateral provisions of the Bilateral Agreement Between the United States of America and the European Union on Prudential Measures Regarding Insurance and Reinsurance

Two homes have been condemned and two have been evacuated. Power has been cut to all four, the Associated Press reports via Insurance Journal. Read more here.  https://www.insurancejournal.com/news/southeast/2018/02/20/481096.htm

Litigation from the abuse of assignment of benefits by third parties represented more than half of all Florida insurance litigation in 2017, and without a legislative fix those fueling the abuse will continue to get rich at the expense of …