Capitol to Courthouse Florida Insurance Report – Friday, April 07, 2017
Apr 7, 2017
Citizens Policies Could Head to Private Insurer
A little more than 10,500 Citizens Property Insurance Policies will be offered to the private Weston Insurance Co. in June, the Florida Office of Insurance Regulation said. THE NEWS SERVICE OF FLORIDA reports via the Sarasota Herald-Tribune.
U.S. Sen. Bill Nelson (D-Fla.), the ranking Member of Senate Committee on Commerce, Science, and Transportation will convene a full Committee Field Hearing titled “Extreme Weather and Coastal Flooding: What is Happening Now, What is the Future Risk, and What Can We Do About It?”on Monday, April 10, 2017 at 1:30 p.m. EDT in West Palm Beach, Florida.
Florida Consumer Protection Coalition: “Time to Act on AOB Fraud & Abuse is Today”
The Consumer Protection Coalition spared no words at an elaborate press conference before the Florida House Thursday, calling on Lawmakers to protect State Consumers and pass meaningful Reforms to end Assignment of Benefits Abuse. SunshineStateNews.com reports.
· AOB Reformers, Bearing Petitions, Insist No Offense Intended Against House Chair
Florida Must Restrain Insurance Abuse
Until Hurricane Matthew raked the Atlantic Coast last October, Florida had been spared major storm damage since the 2004 and 2005 Hurricane Seasons devastated homes and businesses — and the State’s Property Insurance Industry. The Daytona Beach News-Journal Editorial Board reports.
House Worker’s Compensation Package Emerges From Commerce Committee
The House Workers’ Compensation Package survived Hearings before the Commerce Committee Thursday, including Business-Friendly Amendments that would leave Injured Workers paying their own Attorney Fees if they pursue meritless Claims. Michael Moline reports for FloridaPolitics.com.
Regulations for Uber, Lyft Move Ahead in Florida Legislature
A Measure (SB 340) imposing Regulations on these Services advanced to the Senate Floor on Thursday after stumbling in the Florida Legislature in recent years. A similar Bill unanimously passed the House on Wednesday.
Florida Cities in Top 10 for Credit-Card Complaints
Fort Lauderdale had the Country’s most Credit-Card Complaints per 10,000 people at just under 24, according to a New Study by ValuePenguin. The Study measured the number of Complaints Made to the Consumer Financial Protection Board. The Tampa Bay Times reports via Crain’s Miami.
“Humble” Lawson Formally Joins Florida Supreme Court
Hailed as “a Judge’s Judge,” C. Alan Lawson was formally sworn in Wednesday as a Member of the Florida Supreme Court in a Ceremony marked by high praise for Governor Rick Scott’s First Appointee to the Seven-Member Panel. THE NEWS SERVICE OF FLORIDA’s Dara Kam reports via SunshineStateNews.com.
Amended Stand Your Ground Bill Shoots Through Florida House
A slightly altered Proposal to shift the Burden of Proof in Florida’s Stand Your Ground Cases fired through the Florida House of Representatives Wednesday evening. Allison Nielsen reports for SunshineStateNews.com.
· Senate President Indicates a Compromise on Stand Your Ground Won’t Actually Be so Simple
Pork vs Progress: House, Senate Philosophically Split on Member Projects
For Florida Lawmakers embroiled in spending fights, the end-of-session horse-trading needed to break logjams and pass the State’s more than $80 Billion Budget often focuses on one thing: Member Projects. Politico Florida’s Matt Dixon reports.
· 10 Big Issues at Mid-Point of Legislative Session
Report: St. Pete, Tampa Among 21 Florida Cities With Unhealthy Air Pollution in 2015
The Sunshine State’s air is dirtier than it should be, according to an environment report issued Thursday. Mitch Perry reports for FloridaPolitics.com.
Florida Supreme Court Considers Royalties for Turtles’ Tunes
The Florida Supreme Court heard Arguments Thursday in a Case focused on whether satellite radio giant Sirius XM should have to pay Royalties to The Turtles, a Pop Duo that recorded such iconic oldies as “Happy Together” more than Four Decades ago. THE NEWS SERVICE OF FLORIDA’s Dara Kam reports via the Palm Beach Post.
Trov Raises New Round For On-Demand Insurance
Trov has raised a new round of Funding worth $45 Million for its idea of On-Demand Property Casualty Insurance. TechCrunch reports via the PCI SmartBrief.
Insurance Premiums Will Spike Without Cost-Sharing Subsidies: Trade Group
A Trade Group for Not-for-Profit Insurers warned Congressional Leaders on Wednesday that Insurance Premiums could rise by 20 percent if the Lawmakers fail to fund Cost-Sharing Subsidies in the Federal Budget. Modern Healthcare reports via Crain’s Miami.
U.S. Weather in March to Cost Insurers More than $2 Billion, Aon Reports
Four Severe Weather Outbreaks in the U.S. throughout March led to extensive damage in the central and eastern parts of the Country, costing the Insurance Industry in excess of US$2 Billion, according to a Report published by Impact Forecasting, Aon Benfield’s Catastrophe Model Development Team. Insurance Journal has the story.
Click here to follow Colodny Fass on Twitter (@ColodnyFassLaw)
To unsubscribe from this newsletter, please send an e-mail to colodnyfassnews@gmail.com.