June 29, 2017 Insurance Journal Autonomous vehicle technology, a rise in on-demand transportation and a shifting of liability to manufacturers will shrink the auto insurance sector by more than 70 percent or $137 billion by 2050, according to updated research by KPMG. In a 2015 report, KPMG said the market would shrink by as much as…
By Adrienne Cutway – Web Editor Posted: 7:22 PM, June 28, 2017Updated: 7:25 PM, June 28, 2017 CASSELBERRY, Fla. – Casselberry police say scammers are targeting residents, trying to convince them to needlessly replace the windshields on their vehicles. A resident told police that two men came to her door claiming to work for the state government, insisting…
By Orlando Sentinel Editorial Board June 23, 2017 hen board members of the state’s largest property insurer unanimously endorsed a proposed set of premium hikes for 2018 averaging 5.3 percent at a meeting this week in Maitland, they could have been forgiven for adding, “We told you so.” Citizens Property Insurance Corp., the insurer of…
On June 26, 2017, in News Releases, by Staff PANAMA CITY, Fla. – Today, Governor Rick Scott appointed Jimmy Patronis as Florida’ next Chief Financial Officer. Patronis will be officially sworn in this Friday, June 30, 2017, to replace CFO Jeff Atwater who is leaving to pursue a position at Florida Atlantic University. The swearing in ceremony…
June 28 is National Insurance Awareness Day. While not nearly as fun as National Margarita or Take Your Dog to Work Day, today we urge you to take some time to think about one of the most important products you buy to protect yourself and your family. Take some time today to review your homeowner’s…
Florida Record, Michael Carroll June 23, 2017 TALLAHASSEE — Some Florida counties are seeing a major spike in auto glass litigation, generating fears that auto insurance premiums may follow the trajectory of rising property insurance rates in the state. A recent study by the Florida Justice Reform Institute found an exponential rise in auto glass…
By: Mike Vasilinda | Capitol News Service June 20, 2017 TALLAHASSEE, Fla. (WCTV) — Legislation proposing major changes to Florida’s building code was bundled with more than a dozen other changes in construction law during the 2017 legislative session. A coalition of building officials and insurance interests fear the legislation could lead to a patchwork of…
A.M. Best Financial Analyst reviews Florida’s practice of allowing contractors to assume responsibility from insureds for insurance repairs and the associated impacts to consumers. Watch here.
Sunshine State News KEVIN DERBY June 9, 2017 – 10:30am This week, U.S. Rep. Dennis Ross, R-Fla., part of the congressional leadership as senior deputy majority whip, brought back his proposal to amend the federal tax code to create tax-preferred savings accounts to help Americans prepare for natural disasters. Ross first introduced the Disaster Savings…
A mainland Miami neighborhood prone to regular flooding from high tides and storms could be relocated amid preparations for rising seas. Government officials are looking at redesigning the Shorecrest neighborhood by returning some areas to nature rather than reinforcing them with sea walls or other infrastructure. The Insurance Journal article acknowledges that allowing the seas…