Capitol to Courthouse Florida Insurance Report: Monday, March 17
Mar 17, 2014
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There are no events scheduled for today.
A report released by the Perr&Knight insurance consulting firm on Thursday shows Florida’s property insurance rates climbed by 11 percent in 2013, the second-highest increase in the country, after Oklahoma with 12.1 percent, The Florida Current’s Gray Rohrer reports.
South Florida homeowners, facing steadily rising flood-insurance costs, may be in line for a break, courtesy of the state, Sun-Sentinel’s Tonya Alvarez reports.
There are at least two explanations why there are so many properties that were remapped out of high-risk flood zones – either the maps were originally incorrect, or there were political considerations that allowed map changes, writes Jerry D. Parrish, chief economist and director of the TaxWatch Center for Educational Performance and Accountability in the Palm Beach Post.
Last year’s version of the Fracturing Chemical Usage Disclosure Act passed the state House 92-19, but failed to progress in the Senate. Its companion bill failed to receive a vote last year, Jenna Buzzacco-Foerster blogs on PoliticalFixFlorida.com.
Florida Department of Children and Families leaders made a decision nearly 10 years ago to reduce by as much as half the number of children taken into state care, adopting a philosophy known as family preservation. The Miami Herald’s Carol Marbin Miller and Audra Burch report.
Even though snails may be eating the stucco off Florida homes and pythons might be suffocating alligators, there is some good news, Orlando Sentinel’s David Breen reports.
President Barack Obama is set to sign into law a bipartisan bill relieving homeowners living in flood-prone neighborhoods from big increases in their insurance bills, Andrew Taylor reports via InsuranceJournal.com.
A leading scientist studying the Bayou Corne-area sinkhole in Louisiana that emerged in an Assumption Parish swamp 18 months ago says the hole has shown signs of stabilizing, Associated Press reports via InsuranceJournal.com.
New Jersey policyholders trying to rebuild from Sandy have received an average of less than $50,000 from their flood insurance policies, far less than policyholders in New York received after the same storm and policyholders in the Gulf Coast received after Hurricane Katrina struck in 2005, according to data from the Federal Emergency Management Agency, Michael L. Diamond and Jean Mikle of New Jersey’s Asbury Park Press report via USA Today.
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