Capital to Courthouse Florida Insurance Report, Thursday, August 03, 2017

Aug 3, 2017

Florida Flood Loss Model Standards Now Official

Florida’s Commission on Hurricane Loss Projection Methodology can now begin the review process for Flood Loss Model Acceptability after the long-awaited 2017 Flood Standards were Published.  Colodny Fass reports.

Florida Governor Rick Scott Appoints Three to the Board of Governors, Citizens Property Insurance Corporation

Florida Governor Rick Scott announced one Appointment and two Re-Appointments to the Board of Governors.  Citizens Property Insurance Corporation, Colodny Fass reports.

Florida Office of Insurance Regulation Appoints New Chief of Staff, Deputy Commissioners

Florida Insurance Commissioner David Altmaier has Appointed Michael Yaworsky as the New Chief of Staff for the Florida Office of Insurance Regulation, replacing Former Chief of Staff Belinda Miller, who Retired at the beginning of July.  Insurance Journal reports.

Florida Regulators Approve 50K Citizens Policies for October Takeouts

The Florida Office of Insurance Regulation has Approved the following Companies to participate in the October Citizens Property Insurance Corporation Take-Out Period.  Insurance Journal reports.

Tropical Storm Emily Could Pump Up Florida Flood Control Funds

In visiting widespread Flooding on the Sunshine State this week, Tropical Storm Emily could have helped crystallize the economic costs of a new era of stronger and more frequent weather events in the minds of Florida Voters.  Troy Kinsey reports for BayNews 9.

Best Way to Prevent Cars’ Floodwater Damage? Don’t Drive

By Wednesday afternoon, Miami Repair Shops and Insurance Agents handled all types of Damage, from destroyed engines to damaged interior carpeting to broken radio systems.  The Miami Herald’s Syndney Pereira reports.

Flood Insurance Must Reflect Risk

Decades of Unchecked Coastal Development, particularly in Florida, have vastly Increased the Number of Properties exposed to the Risk of Flooding, and the Replacement Values of those Structures have skyrocketed.   The Daytona Beach News Journal Editorial Board writes.

“Claim Bills” First Legislation Filed for 2018 Florida Legislative Session

Florida Senators have Filed at least 18 Claim Bills, the first batch of Legislation Submitted for the 2018 Session, which starts in January.  THE NEWS SERVICE OF FLORIDA’s Jim Turner reports via the Gainesville Sun.

State of Florida Issues More Medical Marijuana Licenses

Two more Medical-Marijuana Businesses have joined seven already Licensed by the State, and another three are in the works.  THE NEWS SERVICE OF FLORIDA reports via

In State-Ordered Election, Poinciana Homeowners Can’t Topple Developer

Some Homeowners claim the Developer-Run HOA treats them unfairly over Debt Collection and lacks transparency about how it spends money.  The Orlando Sentinel’s Ryan Gillespie reports.

Scott Sets Dates for Special Election to Replace Dan Raulerson in Florida House

Raulerson announced he would be Resigning from the Florida House of Representatives last week, citing Health Problems and a need for Back Surgery as well as a desire to focus on his Job as a Certified Public Accountant.  Allison Nielsen reports for

Floridians Continue Pulling Plug on Land Lines

A State Report released this week showed that large numbers of Floridians continue Unplugging the types of Phone Lines that were a fixture of life for Decades.  THE NEWS SERVICE OF FLORIDA’s Jim Saunders reports via

U.S. Senate Subcommittee to Explore Insurance Fraud and Tools to Help Consumers

The Subcommittee will examine Insurance Fraud Trends in the United States and explore tools available to States, Insurers, and Consumers to protect themselves against these Crimes.

Delaware Governor Carney Signs Insurance Consumer Fairness Bill

On Tuesday, August 1, 2017, Delaware Governor John Carney Signed into Law House Substitute 1 for House Bill 80 (HS 1 for HB 80), a Consumer Fairness Bill that targets Unfair Discriminatory Practices by Automobile and Homeowners Insurance Companies to determine Premium Costs.  Insurance Journal reports.