Capital to Courthouse Florida Insurance Report, Friday, July 21, 2017
Jul 21, 2017
Florida Insurance Commissioner Welcomes New Chief of Staff to the Office of Insurance Regulation
Florida Insurance Commissioner David Altmaier is pleased to announce the appointment of Michael Yaworsky as the new Chief of Staff for the Office of Insurance Regulation effective Monday, July 24, 2017, WorkersCompensation.com reports.
As Pasco County sinkhole widens, some are determined to stay put
The Florida sinkhole that swallowed two homes last week isn’t getting any deeper, but it’s getting wider, officials said Wednesday – and one resident who’s back home after being evacuated is vowing to stay unless the hole consumes her house. The Associated Press’ Tamara Lush reports via FloridaPolitics.com.
- Is sinkhole damage sinking Tampa Bay property values?
- Intersection: Getting To The Bottom Of Sinkholes
Sea level rise is accelerating in Florida, scientists warn
Canal systems in Fort Lauderdale and Coral Gables have become a liability, the Associated Press reports via the Tampa Tribune.
People called this number. They got $16.6 million. Here’s why.
It’s the Florida Insurance Consumer Helpline, run by the state agency that oversees insurance regulation, the Palm Beach Post’s Charles Elmore explains in the “Protecting Your Pocket” blog.
Florida medical community has few options after cap on non-economic damages shot down
The Florida medical community is still weighing its next steps following the June 8 Florida Supreme Court ruling, North Broward Hospital District v. Kalitan, that declared caps on non-economic damages (pain and suffering) unconstitutional. Options range from the futile and expensive to none. W.J. Kennedy reports for the Florida Record.
Model-plane owner’s airstrip plan can’t get off ground
As a member of the Academy of Model Aeronautics, a Florida model plane enthusiast has access to $2.5 million worth of insurance, plus millions more for air strip landowners. The Orlando Sentinel’s Steven Lemongello reports.
Goldman Sachs worried about Scott’s Venezuela proposal
Goldman Sachs Asset Management, which has taken heat for its purchase of $2.8 billion in bonds for Venezuela’s state-run oil company, is working behind the scenes as Governor Rick Scott seeks to prevent Florida from doing business with entities supporting the Maduro regime.
If flood insurance program lapses, it’ll be “total chaos,” warns official
The National Flood Insurance Program, which the Federal Emergency Management Agency administers, is set to expire Sept. 30. About half a dozen bills to address the issue have been introduced in Congress, at least one of which looks to increase premiums to help pay for the debt-laden program. The Chicago Tribune reports via Advisen.com.
North Carolina Gov Signs $100M Hurricane Aid, Zip Line Insurance Bills
The state budget already set aside the hurricane relief money, but the separate measure signed Tuesday details how it will be used for low-income housing and public housing repairs, stream debris removal and farm cleanup. The Associated Press reports via Insurance Journal.
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