Insurance Journal By Amy O’Connor | July 19, 2017 Florida’s home insurers hope the public doesn’t blame them as they implement rate increases, initiate coverage changes and nonrenew policies. They say they have no choice after the Florida Legislature for the fifth year in a row failed to address the crisis in water damage claims abuse. “We keep…
By David Shepardson | June 26, 2017 Insurance Journal Automakers are using tiny cameras, sensors to track drooping heads, steering wheel monitors and audible alerts to ensure drivers pay attention when using advanced driver assistance systems, like Tesla’s Autopilot, that allow drivers to take their hands off the wheel. In a report this week on the May 2016…
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.