July 20, 2020

Unconstitutional Argument

“This legislation is likely unconstitutional. We will aggressively defend against any attempt to undermine contracts, or violate basic due process, government takings, and contracts clauses of the U.S Constitution, as well as the California State Constitution.”

— David A. Sampson, president and CEO of the American Property Casualty Insurance Association, is opposing legislation, Assembly Bill 1552, that would create a rebuttable presumption that the COVID-19 virus caused property damage triggering business interruption coverage in commercial liability policies., retroactively rewriting BI insurance contracts.

Coastal Construction

“The delicate relationship between our coastal communities and the environment requires that our Legislature take meaningful steps to ensure that coastal construction be completed with an understanding of sea level rise.”

— Florida state Rep. Vance Aloupis, a Miami Republican, on a new state law that will require public construction projects in Florida to take into account rising sea levels, flooding and the potential for damage to increasingly fragile coasts. The bill, which targets public projects that rely on state money, passed the Florida Legislature this session and was signed by Gov. Ron DeSantis on June 29.

Viable Career Pathways

“When we talk to students, we tell them that the insurance industry provides viable career pathways.”

— Dr. David Ring, who joined the Maryland Insurance Administration (MIA) last October to implement talent-building programs, comments on MIA’s apprenticeship program set to begin this September. The program is led by Invest, which is affiliated with the Independent Insurance Agents and Brokers of America, and will allow high school students to work at insurance companies and agencies to gain experience in the industry.

Topics Florida

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Insurance Journal West July 20, 2020
July 20, 2020
Insurance Journal West Magazine

Data & Analytics; Excess, Surplus & Specialty Markets Directory, Volume II; Special Supplement: The Florida Issue