Capitol to Courthouse Florida Insurance Report – Friday, December 01, 2017
Dec 1, 2017
Insurers With Stockholders Pay Out Less To Florida Drivers, Study Says
As Car Damage from 2017 Storms in Florida and Texas threatens to set Records, does it matter if your Insurance Company has to please Stockholders and not just Policyholders? Charles Elmore reports for the Palm Beach Post.
Citizens Tops South Florida’s Top Property and Casualty Insurance Companies in Volume
Citizens Property Insurance Ranked First on the South Florida Business Journal’s List of Property and Casualty Insurance Companies in Florida. Jessica Bryant reports.
Citizens Paid Premiums to Entice Adjusters after Hurricane Irma
Pay Rates for Insurance Adjusters jumped by up to 30 percent as Citizens Property Insurance Corp. scrambled to respond to Claims following Hurricane Irma, the Carrier’s Consumer Service Committee learned Thursday. Michael Moline reports for FloridaPolitics.com.
As Hurricane Season Ends, Some Central Florida Victims of Irma are Still Reeling
Real Damage remains to Homes in the Good Samaritan Society Retirement Community in Osceola County and in Orlo Vista, a working-class neighborhood in West Orange County. Ryan Gillespie and Steven Lemongello report for the Orlando Sentinel.
Miami Woman Arrested Over Fraudulent Insurance Claims, Attempt To Steal $178K
A Florida Homeowner was arrested for Insurance Fraud and Grand Theft following her attempt to File a Damage Claim against a New Insurance Policy after already receiving a $60,000 Insurance Payout from her Former Insurance Provider for the same Damages. Insurance Journal reports.
Florida Needs To Get Serious About Reinsurance Coverage
Unfortunately, the Republican Tax Package, as currently constructed, would Repeal the Reinsurance Deduction specifically from Affiliated Offshore Companies by levying an excise Tax on these Transactions, says Right Street’s Christian Camera via the Orlando Sentinel.
Court Backs Florida Hospitals In Outpatient Rate Dispute
The Ruling said 67 Petitions were Filed seeking Administrative Hearings after the Agency announced Outpatient Reimbursement Rates for the 2016-2017 Fiscal Year. THE NEWS SERVICE OF FLORIDA reports via News4Jax.com.
Health Plans Line Up To Seek Florida Medicaid Contracts
More than 20 Managed-Care Organizations are seeking State Medicaid Contracts that could be worth up to $90 Billion. THE NEWS SERVICE OF FLORIDA reports via FloridaPolitics.com.
FEMA Selects Milliman to Design New Nationwide Rating Plan for National Flood Insurance Program
Milliman announced that it has been selected by the Federal Emergency Management Agency to provide Actuarial Consulting Services as part of a Program to Redesign Flood Insurance Products across the National Flood Insurance Program. Business Insurance reports.
Only 6 More Months to Next Hurricane Season — and it Could be Another Doozy
Dan Kottlowski, a Meteorologist and Hurricane Expert at AccuWeather, said the possibility of a Busy 2018 Season is very real. The Sun-Sentinel’s Brett Clarkson reports.
Wells Fargo Closing Down Its Personal Insurance Business
Wells Fargo has offered Auto, Homeowners, Renters and Umbrella Personal Insurance Products since 2003. Insurance Journal reports.
U.S. House Approves the “Preserving Access to Manufactured Housing Act”
The Preserving Access to Manufactured Housing Act, would protect Consumers’ ability to buy a Manufactured Home while leaving essential Consumer Protections in place.
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