Capitol to Courthouse Florida Insurance Report – Monday, October 23, 2017

Oct 23, 2017

Florida’s Boomtown That Shouldn’t Exist

When Hurricanes aren’t smashing Florida’s Low-Lying Strip Malls and Red-Roof Houses, the State’s machine of inexorable growth is already destroying the natural resources that have helped make that growth so inexorable.  Politico’s Michael Grunwald reports.

Raise It Or Raze It? Federal Regulations Present Hard Choice For Owners Of Flooded Homes

The Raise-or-Raze Choice stems from a provision in the National Flood Insurance Program, which got an overhaul in 2012 as Congress sought ways to shore up a Program that itself is financially underwater.  David Bauerlein reports for the Florida Times-Union. 

Post-Irma, Utility, Gas Companies Advance Hurricane Preparedness Efforts

Utility Companies and Natural Energy Groups gathered in Fort Lauderdale this week for the Florida Energy Summit to review the progress they’ve made throughout the last 12 years, focusing on Power Restoration Efforts and the work of Transportation Agencies and Gas Companies to get Florida back up and running after a natural disaster.   Allison Nielsen reports for

Florida Tops 5 Most Expensive States for Auto Insurance

The City of Miami tops the Charts for Florida with Premiums for a Salesperson with a Speeding Ticket, a Not-at-Fault Collision and Business Use Insurance at $4,050.  Business Insider reports.

Hurricane Irma Destroys Idea That We Can Send Water South

Some have tried to use Hurricane Irma as an opportunity to sell the Public on Additional Storage South of Lake Okeechobee, but a Southern Reservoir would have been of little use with so much rainfall and so few real options to Discharge Water South.  A former South Florida Water Management District Board Member explains in the Sun-Sentinel.

Florida Doesn’t Have A Presumptive-Cancer Law

Florida is among 13 States that have not Passed a Presumptive-Cancer Law – a Law recognizing that a Firefighter’s Disability or Death from Cancer is presumed to be Contracted in the Line of Duty.  Marilyn Meyer reports for the Lakeland Ledger.

With 4,000 Families Possibly Losing Health Insurance After Irma, Florida May Ask For Help

With more than 4,000 Families facing the loss of their State-Subidized KidCare Health Insurance in the wake of Hurricane Irma, Florida Regulators have Reversed Course and now say they are prepared to seek Federal Help.  The Miami Herald’s Mary Ellen Klas reports.

Galvano To Be Named Florida Senate President

Over the Course of his 13-year Legislative Career in the House and Senate, Galvano, 51, has handled complex issues, including the Investigation of a House Speaker, a Gambling Agreement with the Seminole Tribe and, most recently, a Major Higher-Education Initiative.  THE NEWS SERVICE OF FLORIDA’s Lloyd Dunkelberger reports via the Orlando Sentinel.

·         Bradenton’s Bill Galvano Ready For New Leadership Role

Texas Windstorm Insurance Association Request To Raise Liability Limits Disapproved

TWIA in August Filed a Request to Increase the Limits for Residential Dwelling and Individually Owned Townhouses and Associated Contents; Contents of Apartments, Condominiums, or Townhouses; Commercial Structures and Associated Contents; and Governmental Structures and Associated Contents.  Insurance Journal’s Stephanie K. Jones reports.

Execs At PCI Annual Meeting Discuss Uncertainty Over Reinsurance Rates

The effects of recent Natural Disasters on Reinsurance Pricing at Renewals remains unclear, Executives said at the PCI Annual Meeting last week in Chicago.  Business Insurance reports.

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