Tag: Florida

New legislation in Florida aims to close ride-share auto insurance gap

S.Vagus
auto insurance car ride share uber lyft

Senator Simmons introduces new insurance legislation to address ride-share concerns in Florida New auto insurance legislation concerning ride-share companies, such as Uber and Lyft, is making progress in Florida’s legislative process. The legislation, sponsored by Senator David Simmons, is heading for the state’s Senate, where lawmakers will determine its feasibility and whether or not it is a good fit for the state. According to Senator Simmons, the legislation is a work in progress and changes may be made to it in the future. Lawmakers are becoming increasingly concerns of potential…

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Florida may do away with its no fault auto insurance system

S.Vagus
expensive auto insurance policy car

No fault system could come to an end in 2019 Florida lawmakers are considering putting an end to the state’s no fault auto insurance system. New legislation could put an end to this system in 2019 and is meant to address the increasingly problematic issue of insurance fraud. Insurers have faced fraud in the state for some time, with some suggesting that the no fault system is to blame. Fighting fraud is becoming a major priority for state officials, who want to see premiums come down for the state’s drivers.…

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Citizens aims to change language of homeowners insurance policies

Marc
Florida homeowners insurance, Citizens Property

Citizens Property Insurance intends to change policy language concerning water damage Florida’s Citizens Property Insurance is looking to make changes to the language in its homeowners insurance policies in order to mitigate the growth of claims associated with water damage. These claims are beginning to flow from South Florida, where many homeowners are beginning to experience water damage from various issues, ranging from rainfall to faulty plumbing. The changes that Citizens Property Insurance wants to make will adjust the way water damage claims are handled. Changes must be made in…

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Health insurance companies seek approval for merger in Florida

S.Vagus
Florida health insurance

Large insurers intend to merge, but seek approval from Florida regulators Two of the largest health insurance companies in Florida are petitioning lawmakers to approve their merger. Aetna and Humana intend to join together, creating a larger insurance organization. The merger has generate some controversy, with consumer advocacy groups suggesting that the merger would lead to higher health insurance rates and fewer options for those that need coverage. These concerns have been shared by some lawmakers, who are convinced that the merger would be in the best interests of the…

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Legislation targets auto insurance and ride share services in Florida

Marc
auto insurance car

New legislation will place auto insurance requirements on ride share companies New legislation in Florida could affect the way ride-share companies receive auto insurance. Companies like Uber and Lyft, which providing transportation services with the aid of mobile apps, have been at the heart of debate concerning issues in the auto insurance sector. These companies typically meet the minimum requirements but are not technically required to do so because of the way they operate. The new legislation would codify existing standards, ensuring that companies like Uber and Lyft are required…

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