Capitol to Courthouse Florida Insurance Report – Friday, April 1, 2016
Apr 1, 2016
A seven-hour Cabinet meeting ended this week with Governor Rick Scott declining to second the motion made by CFO Jeff Atwater to appoint State Representative Bill Hager the state’s next Insurance Commissioner. Peter Schorsch gives his opinion for SaintPetersBlog.com.
Florida’s insurance catastrophe fund is essentially “fully funded’ for hurricane season and could cover the state even if it were hit with a powerful storm, the state’s chief investments strategist told Scott and the Cabinet at a meeting earlier this week. The Miami Herald’s Jeremy Wallace reports via the “Naked Politics” blog.
About 20 residents in six homes at a mobile home park along Florida’s Gulf Coast were evacuated Wednesday after a 60-foot-wide, 35-foot-deep hole opened in the ground. The Associated Press reports via SaintPetersBlog.com.
U.S. Rep. David Jolly (R-FL) recently introduced a bill that would delay increases in flood insurance premiums for specific properties in Florida for 12 months, Ripon Advance News reports.
Floridians will get a chance this fall to vote on a solar power initiative that has been placed on the ballot with the financial backing of the state’s largest power companies. Gary Fineout reports for the Associated Press.
More than a year after same-sex marriages began in Florida, a federal judge on Thursday issued a final judgment declaring that Florida’s voter-approved prohibition against gay marriage is unconstitutional. THE NEWS SERVICE OF FLORIDA’s Dara Kam reports via SayfieReview.com.
Susan L. Donegan, who has been serving as commissioner of the Vermont Department of Financial Regulation for past three years, will step down from her position. Donegan’s last day in office will be June 30, according to a department spokesperson, Insurance Journal reports.
Mark down the Climate Change and Global Warming Working Group as the odds-on favorite committee to produce the most interesting chatter during the National Association of Insurance Commissioners meeting next week in The Big Easy, Insurance Journal’s Don Jergler reports.
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