Capitol to Courthouse Florida Insurance Report – Wednesday, March 08, 2017
Mar 8, 2017
Demotech Promises Ratings Action By March 16, 2017
In a Press Release below issued yesterday, Demotech, Inc. advised that it will issue its anticipated Affirmations, Additional Information and Ratings Downgrades no later than March 16, 2017. One month ago, Demotech announced that it would be suspending its Guidance for Florida Property Insurers and that it would be issuing Ratings Revisions in March, Colodny Fass reports.
Personnel Note: New Deputies Appointed at Office of Insurance Regulation
The New Deputy Commissioner for Property and Casualty Insurance in the Office of Insurance Regulation is Susanne Murphy, Insurance Commissioner David Altmaier announced Tuesday. FloridaPolitics.com reports.
Judiciary Committee Unanimously OK’s Claim Bill for Man Injured in Bus Accident as Teen
The Senate Committee on Judiciary overwhelmingly passed a Claims Bill on Tuesday. FloridaPolitics.com’s Les Neuhaus reports.
Speaker Takes “Fight” to Scott on Session’s 1st Day
The standoff between Florida House Speaker Richard Corcoran and Governor Rick Scott over Economic Incentives continues. Zac Anderson reports for the Sarasota Herald-Tribune.
- House, Senate Leaders Highlight Differing GOP Visions
- Freshmen Lawmakers Brace For Budget Fight
- Once a Proponent, Ingolgia is Now Against Corporate Welfare
Embattled Enterprise Florida Names Interim Chief
Florida’s embattled Business-Recruitment Agency Tuesday named its Executive Vice President as Interim CEO — a day after the top position was abruptly vacated by Chris Hart. THE NEWS SERVICE OF FLORIDA reports via the Ocala Star-Banner.
Victory No. 2 for Richard Corcoran: Court Orders Lottery to Start Over on Ticket Contract
In a stunning rebuke to Governor Rick Scott and his Lottery Secretary, a Circuit Court Judge invalidated a Contract the State signed with a Ticket Vendor IGT Global Solutions, saying the Agency overstepped its Budgetary Authority when it committed to the 14-year Deal and obligated the State to nearly $13 Million more than the Legislature had authorized. The Miami Herald’s Mary Ellen Klas reports via the “Naked Politics” blog.
Florida Cabinet Could Get Special Exemption to Carry Concealed Guns Almost Anywhere
Three of Florida’s Four Highest-Ranking Elected Officials — and potentially the Lieutenant Governor and the State’s 160 Lawmakers, too — could be able to carry guns almost anywhere in the State under a Special Carve-Out in Florida Law being considered by the Legislature. The Miami Herald’s Kristin M. Clark reports via the Bradenton Herald.
Dana Young’s Anti-Fracking Bill Advances in Senate
Just hours after opening the Annual Legislative Session, the Senate Committee on Environmental Preservation and Conservation Voted unanimously to Prohibit “Advanced Well Stimulation Treatment,” specifically Hydraulic Fracturing, Acid Fracturing and Matrix Acidizing. The Miami Herald’s Mary Ellen Klas reports via the Tampa Bay Times.
Wanted: South Florida Python Hunters For Hire
South Florida Water Managers may amp up the State’s failing war against the Burmese Python with a new weapon: a Paid Python Posse. The Miami Herald’s Jenny Staletovich reports.
Global Investors Join U.S. Supreme Court Case on Statute of Limitations For Class Actions
An International Group of 75 Pension Funds and other Institutional Investors Filed a Supreme Court Amicus Brief Tuesday seeking to restore a Legal Precedent on how much time Investors have to join or opt out of Class-Action Lawsuits. Hazel Bradford reports for Pensions and Investments Online.
PwC Develops Blockchain Prototype for London Market Claims
Completed over a six-week period, PwC said, the proof of concept focuses on enhancing interactions among multiple different parties involved in a Claims Bordereau Process (Third Party Administrators, Claims Approvers and Brokers). Insurance Journal reports.
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