Capitol to Courthouse Florida Insurance Report – Thursday, December 21, 2017
Dec 21, 2017
The Resignation came hours after Republican Goveernor Rick Scott and Attorney General Pam Bondi said he should resign. Senator Latvala criticized calls for his Resignation and said he no longer wants to serve with Party Leaders who didn’t allow him a chance to defend himself. The Associated Press reports via the Sarasota Herald-Tribune.
With 55 percent of the vote, the 30-year-old McClure will replace Plant City Republican Dan Raulerson, who resigned the Seat in August citing health and business reasons. FloridaPolitics.com reports.
The latest report showed that 865,974 Claims from the September Storm had been filed with Insurance Companies as of Friday, with 719,512 involving Residential Properties. THE NEWS SERVICE OF FLORIDA’s Jim Turner reports via SunshineStateNews.com.’
Insurers would be required to inform Policyholders that their Homeowner’s Insurance doesn’t include Flood Insurance under Legislation Filed in the Florida Legislature. The Proposal would also require Policyholders to initial a statement saying they’ve been made aware of that fact. John Lucas reports for The Capitolist.
Fair Insurance Rates in Monroe was the only grassroots entity mentioned in the Florida Office of Insurance Regulation’s Order Filed on December 6. The Order freezes rate increases for Monroe County Citizens Insurance Policy Holders. KeysWeekly.com’s Kristen Livengood reports.
A Florida Construction Company Owner has been arrested after allegedly providing fictitious information when applying for Workers’ Compensation Insurance Coverage to obtain a Lower Premium, according to a statement from Chief Financial Officer Jimmy Patronis. Insurance Journal reports.
According to the Suit, ads wrongly give the impression that Morgan & Morgan “Actively Litigate(s) Claims in Pennsylvania” when its Personal-Injury Practice there is actually “Non-Existent or Minimal.” Jim Rosica reports for FloridaPolitics.com.
Depending on what kind of Government help Floridians are seeking, the level of Assistance varies from Community to Community. Mitchell Hartman writes for Marketplace.org.
Seibels is pleased to announce the Appointment of Julie McKenna to Vice President of Business Development to provide Best-in-Class Insurance Services and Leading Technology to the Property and Casualty Insurance Industry.
Florida Officials’ first-come, first-served system for dozens of New Methadone-Treatment Licenses resulted in Applicants camping out in tents with sleeping bags, coolers and, in one case, a gun, to be first in line. THE NEWS SERVICE OF FLORIDA’s Dara Kam reports via the Orlando Sentinel.
Tri-Rail is beginning a Suicide Hotline after the New Year. And there’s consideration to begin patrolling railroad corridors with drones to monitor whether trespassers are on the tracks. Lisa J. Huriash reports for the Sun-Sentinel.
Not all Doctors are trained to perform all operations — which makes Board Certification a necessary precondition for any specialized medical procedure, particularly cosmetic surgery. Phil Ammann writes for FloridaPolitics.com.
The Alabama Department of Insurance welcomes Jerry Workman as Deputy Commissioner. Workman will succeed Deputy Commissioner and Chief Actuary Charles Angell, who is retiring in July of 2018.
Experts worry that if Insurers start to pull out of Flood-Prone Seaside Communities, it could cause a Crisis worse than 2008. Bryan Walsh reports for Inman.com.
A Housing Developer is hoping to win approval from Houston Officials to put a 151-Acre Project on a former golf course where the City and Harris County have spent millions of dollars to buy out Homeowners whose properties were damaged by flooding because they were living in a flood plain. The Associated Press reports via Insurance Journal.
The U.S. Government doesn’t require States to provide a detailed accounting for Disaster Relief. But that could change under Legislation awaiting a vote in the House. The Bill, the Disaster Recovery and Reform Act, aims to streamline data on the acquisition and administration of federal funds. The Associated Press’ Emily Schmall reports via Insurance Journal.
Hedge Funds and other Managers of Catastrophe Bond Funds racked up some of the worst losses in more than a decade from this year’s hurricanes and wildfires. Reuters’ Maiya Keidan and Carolyn Cohn report via Insurance Journal.
Homeowners across much of Eastern North Carolina are once again facing a possible double-digit Rate Hike for Insurance Policies, and the disparity between rates along the Coast and Interior Sections of the State would remain at all-time highs. Sam Walker and Russ Lay report for the OuterBanksVoice.com.
There’s been “a Massive Escalation” in both the number of attempts and the size of demands as criminals scramble for the hot cryptocurrency. Bloomberg’s Sonali Basak and Jenny Surane report via Insurance Journal.
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