Capitol to Courthouse Florida Insurance Report: Friday, May 29, 2015
May 29, 2015
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There are no insurance-related events scheduled for today.
Since eight hurricanes whipped through Florida during back-to-back seasons a decade ago, causing $33-billion in insurance claims, the state’s coastal communities have added an additional 1.5 million people and almost a half-million new houses, an Associated Press analysis shows. The Globe and Mail carries the story.
The question remains how well-prepared individual Floridians will be when a storm packing sustained winds of 74 mph or greater finds Florida, FlaglerLive.com writes.
No one can cite an example of a gun owner being arrested while evacuating ahead of a hurricane, but Florida lawmakers didn’t want what happened in New Orleans after Hurricane Katrina 10 years ago happening here, the Associated Press reports via the Tampa Bay Times.
Drivers with faulty car insurance were used as cautionary tales Thursday as local police agencies combined for a insurance fraud operation. Lance Dixon reports for the Miami Herald.
The regulatory, litigation and governmental consulting firm of Colodny Fass announced that it is expanding its South Florida headquarters to a new, more accessible suite in the heart of Broward County’s burgeoning western commerce hub as of Monday, June 1, 2015, SaintPetersBlog.com reports.
Governor Rick Scott said Thursday he is sending his nine-member, citizen health care commission on a “Spotlight Transparency Tour,” aimed at underscoring profit margins at Florida hospitals. The Palm Beach Post’s John Kennedy reports for the “Post on Politics” blog.
Governor Rick Scott released details of his latest proposal to draw down $2.3 billion in federal Low Income Pool funds on Thursday. While the formula is higher than previously announced, it does not use any state dollars to backfill the loss but it cuts reimbursements to hospitals by $214 million.
Chairman of the House Health and Human Services Committee Jason Brodeur, R-Sanford, is meeting with health care staff this weekend to get briefed ahead of a Monday work shop to consider the Senate’s health care expansion plan, Matt Dixon reports via Scripps’ “Political Fix Florida” blog.
The Federal Emergency Management Agency needs to scrap the Write-Your-Own insurance model from the National Flood Insurance Program and move forward to overhaul the “terribly flawed” process entirely, said U.S. Senator Charles Schumer (D-N.Y.) last week in a letter to the agency. Michael V. Cusenza reports for the Forum News Group.
GC Securities has completed the placement of a new catastrophe bond, Pelican III Re Ltd., to cover tropical cyclone risks in Louisiana, the Guy Carpenter & Co. L.L.C. unit said Thursday. The Bayou Buzz reports.
Michigan’s full House of Representatives still hasn’t moved on Senate-passed changes to the state’s no-fault system, but one senator is proposing a new idea that could help contain costs. Emily Lawler reports for Michigan Live.
Axa has become the first insurer to tell customers how much they have spent on their previous year’s motor cover when it issues new quotes for renewal. Sophie Christie reports for the U.K. Telegraph.
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