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Insurance experts weigh in on Florida Lawmakers insurance industry investigation

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www.abcactionnews.com – Nadeen Yanes – 2025-03-05 20:40:00

SUMMARY: Florida lawmakers are examining the insurance industry following a 2022 report by Risk & Regulatory Consulting, LLC, which analyzed financial data from 53 insurers from 2017 to 2019, post-hurricanes Irma and Michael. The report reveals these insurers reported $61 million in net income, while their affiliates, known as Managing General Agents (MGAs), garnered $14 billion. Critics like Doug Quinn from the American Policyholder Association argue that rising premiums and claims of fraud led insurers to financial distress, leaving many without coverage. Advocates call for increased transparency in financial dealings within the industry. Former deputy insurance commissioner Lisa Miller noted the report lacks crucial details.

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‘This has got to be a moment in America,’ Cory Booker tells 1st town hall since record speech

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www.news4jax.com – Mike Catalini, Associated Press – 2025-04-05 17:21:00

SUMMARY: At a New Jersey town hall, Sen. Cory Booker urged action against President Trump’s agenda, echoing themes from his recent record-breaking 25-hour Senate speech. Held at Bergen Community College during national “Hands Off!” protests, the event included questions from concerned citizens and several disruptions, including protests over Palestinian treatment. Booker emphasized civic engagement over party politics, saying Democrats must refocus on people, not power. He encouraged grassroots activism and stressed the importance of creativity and persistence. Booker also discussed improving Senate Democrats’ digital presence and affirmed his focus on reelection in 2026, not a 2028 presidential run.

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NY public schools tell Trump administration they won’t comply with DEI order

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www.clickorlando.com – Dave Collins, Associated Press – 2025-04-05 11:15:00

SUMMARY: New York state officials have rejected the Trump administration’s demand to eliminate diversity, equity, and inclusion (DEI) practices in public schools, despite threats to cut federal education funding. Daniel Morton-Bentley from the state Department of Education stated that the federal agency lacks authority to impose such demands or terminate funding without a formal process. He highlighted the state’s commitment to comply with civil rights laws and criticized the administration’s legal interpretations. The administration’s recent stance marks a significant shift from previous comments supporting DEI. Critics argue that these threats contradict Trump’s promise to empower local education.

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Trump’s tariffs unleash trade war and calls for negotiations

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www.news4jax.com – Associated Press – 2025-04-05 05:45:00

SUMMARY: President Trump’s significant tariff increase has sparked an escalating trade war, causing global markets to drop sharply. The S&P 500, Dow Jones, and Nasdaq saw significant declines. In retaliation, China announced a 34% tax on all U.S. imports. Trump remains committed to the tariffs, arguing they will attract trillions of dollars in investment. Italy’s economy minister cautioned against retaliatory tariffs, warning of damage to both Italy and Europe. Taiwan announced a $2.65 billion fund to support industries affected by U.S. tariffs, particularly in electronics, steel, machinery, and agriculture. Taiwan plans to negotiate for better tariff terms with the U.S.

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