Capital to Courthouse Florida Insurance Report, Wednesday, July 26, 2017
Jul 26, 2017
Diaz, Taddeo Win Easily In Special Miami Senate Primaries
Republican Jose Felix Diaz and Democrat Annette Taddeo will meet in a Special Election to replace a Florida Legislator who Resigned after using a racial slur and vulgar language in a conversation with two African-American Colleagues. The Associated Press reports.
· Why Taddeo v. Díaz is a Make-or-Break State Senate Race for Democrats
Can Buying Out High-Risk Homes In Florida, Other States Ease Deepening Flood Insurance Debts?
In Low-Lying Areas like South Florida, where rising seas and repeat floods are already driving up Insurance Costs, the Nation’s beleaguered Flood Program should consider more aggressive efforts to buy out Risky Property. The Natural Resources Defense Council said Tuesday. The Miami Herald reports via InsuranceNewsNet.com.
Holmes Beach Calls Special Meeting To Handle 16 Bert Harris Claims
Commissioners have been warned by the City Insurer and the Florida League of Cities that its growing liability potential could overwhelm the Insurance Coverage provided. The Islander reports.
New Florida Driver’s Licenses — and New Security Features — Coming in August
Starting in August, the Florida Department of Highway Safety and Motor Vehicles will issue New IDs that will include Security Features designed to crack down on the production of Fake Driver’s Licenses.
Florida Awash in $36M of Stolen Firearms, New Report Estimates
An Estimated 80,000 Guns are Stolen from Individual Gun Owners in Florida between 2012 and 2015, Costing around $36 Million. FloridaPolitics.com’s Mitch Perry reports.
Auditor General Reports Shows Florida AHCA Not Properly Monitoring Medicaid Managed Care Contract
As Florida begins its second round of Medicaid Negotiations with Managed Care Organizations and Health Plans, an Auditor General Report shows Health Care Regulators did Not Properly Monitor the Contracts with 16 Existing Providers. Christine Sexton reports for Politico Florida.
Trumbull Decries Workers’ Comp Fees
State Representative Jay Trumbull talked Tuesday about Issues important to the Business Community, including how the Triumph Gulf Coast Board will handle the Settlement Funds, during the Bay Building Industries Association’s Monthly Luncheon. Collin Breaux reports via the Panama City News Herald.
U.S. Risk Announces Acquisition of Florida’s Strategic Insurance Underwriters
U.S. Risk Insurance Group, LLC, the Nation’s Fifth largest Property and Casualty Wholesaler, announced today that it has acquired Strategic Insurance Underwriters, a Specialist Trucking MGA and Broker. Insurance Journal reports.
Perez Wins Republican Primary In Special Miami House Election
Daniel Perez won a Special Republican Primary in a GOP-Leaning Miami State House District Tuesday — meaning the Attorney and Political Newcomer is now the Heavy Favorite to Head to Tallahassee in a few months.
State Representative Dan Raulerson of Plant City to Step Down From House on August 15
After missing much of this year’s Legislative Session because of severe back problems, and after hints of his estrangement from Republican Legislative Leadership, State Representative Dan Raulerson, R-Plant City, has announced he’ll Resign from his Seat Effective August 15. William March reports via the “Naked Politics” blog.
Corcoran Begins Committee Changeup In Florida House
On Tuesday, Corcoran announced a Changeup in several House Committees, replacing State Representative Jose Felix Diaz, R-Miami, with Representative Jim Boyd, R-Bradenton, to sit as Chair of the House Commerce Committee. Alison Nielsen reports for SunshineStateNews.com.
Florida Unveils New Manatee, Sea Turtle Decals to Raise Money to Protect Species
The $5 Decals can be purchased when Registering or Renewing Registration on a Vehicle or Boat, or ordered through Forms on the Florida Fish & Wildlife Conservation Commission Website. Tiffany Theisen reports for the Orlando Sentinel.
NAPSLO, AAMGA Members OK Merger; New Wholesale and Specialty Association is Born
Members of the American Association of Managing General Agents and the National Association of Professional Surplus Lines Offices have approved a Merger of the Two Associations, creating the New Wholesale & Specialty Insurance Association. Insurance Journal reports.
Climate Change is About to Remake the Insurance Industry
At a certain point, as the likelihood of extreme weather events increases, Insurance Companies are “Not Selling a Risk Aversion Remedy to People,” says Dan Kahan, a Professor at Yale Law School who specializes in Risk Perception. “[They’re] Getting Taken to the Cleaners.” Beth Kowitt reports for Forbes.
Surplus Lines Insurance Premium Up Nationwide
Across the U.S., Service Offices Reported Total Premium of $14.3 Billion, with E&S Policy Items and Filings up almost 11 percent. Insurance Journal reports.
U.S. House Votes to Block Rule Allowing Consumer Class Actions
The U.S. House of Representatives has Voted Overwhelmingly to Erase a New Rule that lets Bank and Credit-Card Customers Band Together in Lawsuits, as the Agency that drafted the measure. The Consumer Financial Protection Bureau, moves closer to the center stage of congressional politics. Reuters’ Lisa Lambert reports via Insurance Journal.
Google Tests Vacation-Rental Filter Alongside Hotel Search Results
Last year, Google issued some Updates that made it easier to track down flight and hotel deals and it has recently been testing an option that would bring up Vacation Rentals when Users Search for Hotels. Engadget reports via Crain’s Miami.
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