R Street’s R.J. Lehmann has written a thoughtful report showing how Florida finances its enormous hurricane risk on the backs of consumers; and makes suggestions for reforms that could strengthen the property insurance market. Read the full article here.
In late December, there was a lot of news about the Insurance Institute for Highway Safety’s (IIHS) list of the safest motor vehicles for 2015. The list was impressive—71 vehicles—even though the Chrysler 200 was the only U.S. car on the Top Safety Pick+ list. Focusing on real-world situations, IIHS has been encouraging auto makers…
If you watched the news or have paid attention to the headlines recently, you’ve seen the reports of a near miss between a JetBlue flight and a Caribbean Airlines flight at John F. Kennedy International airport in New York on Jan. 19. You’ve also no doubt seen extensive coverage of the AirAsia crash on…
BY REPRESENTATIVE DAVID SANTIAGO Special to The Tampa Tribune Published: January 23, 2015 Imagine this: You wake up to find your kitchen flooded from a broken pipe. You frantically call a water extractor who arrives and says, “Don’t worry. Just sign these forms and we’ll handle everything.” The truth is, you’ve just signed away control…
Although the chances of dying in a crash in a late-model vehicle have fallen by more than one-third in three years, the gap between the safest and riskiest models remains wide, according to a new report by the Insurance Institute for Highway Safety (IIHS). Among 2011 models—the most recent year included in the study—three cars…
Can the integrity of Florida’s elected judges be protected by recusals and campaign contribution limits or is the judicial canon banning direct contribution solicitation by candidates still needed? That’s one of the arguments the U.S. Supreme Court was set to consider on January 20 (after this News went to press) when it had scheduled oral…
John Sterling, the well-known radio play-by-play announcer of Major League Baseball’s New York Yankees since 1989, is asking himself this month how to replace five World Series rings, not just one. Sterling was one of the most prominent residents of Avalon at Edgewater, a luxury apartment complex in Edgewater, N.J. On Jan. 21, he and…
Progressive Corp (PGR.N), a provider of auto insurance products, said it would acquire a controlling stake in property insurer ARX Holding Corp for $875 million in cash. Progressive Corp said it would increase its share in the parent of American Strategic Insurance to 67 percent from 5 percent after it buys shares from non-management shareholders.…
The 2015 Regular Session of the Florida Legislature begins on Tuesday, March 2. The 60-day session will begin with the Florida Senate and House of Representatives gaveling in and then convening in joint session for Governor Scott’s “State of the State” speech. For more details, check the House Calendar or the Senate Calendar.
Transportation Network Companies like Uber and Lyft are part of the future of Florida’s economy. PIFF believes that the Legislature should permit such companies to operate in our state under clear insurance laws that protect them and their customers. Here are our principles for addressing TNC legislation in 2015: PIFF Supports: Market Innovation. We believe that…