Capitol to Courthouse Florida Insurance Report – Wednesday, October 05, 2016
Oct 5, 2016
Florida Governor: Prepare For Direct Hit From Hurricane Matthew
With Matthew marching toward Florida, Governor Rick Scott met with Local Officials and Officials all along the Florida Coast on Tuesday to discuss preparations for the deadly storm. Dina Voyles Pulver reports for the Lakeland Ledger.
- Governor Rick Scott: Hurricane Matthew “Won’t have an impact” on Election
- Florida Residents Urged to Prepare for Possible Impact From Hurricane
- Hurricane Matthew Deals Blow to Political Plans
- Hurricane Matthew Forces Evacuation of Brevard Barrier Island
- Dyer Delays State of Downtown Speech Amid Hurricane Matthew Concerns
Insurers Say They’re Ready to Pay Claims No Matter What Happens With Matthew
Hurricane Matthew could be the first major test of claims-handling capabilities by numerous young Insurance Companies created since the 2004-05 run of Hurricanes that ended with Wilma. The Sun-Sentinel’s Ron Hurtibise reports.
Chubb Leads Property-and-Casualty Insurers Lower as Florida Braces for Hurricane Matthew
Shares of Property-and-Casualty Insurers were mostly lower Tuesday, as the U.S. braced for Hurricane Matthew to make landfall in Southeast Florida as the Region’s strongest Storm in nearly a Decade. Ciara Linnane reports for MarketWatch.com.
Florida Workers’ Comp Rates Set To Rise Starting December 1
Florida Workers’ Compensation Insurance Rates will jump 14.5 percent starting December 1, after a filing Tuesday that carried out a decision by State Regulators. THE NEWS SERVICE OF FLORIDA reports via WCGU-TV.
Marsh & McLennan Acquires Florida-Based Vero Insurance
Marsh & McLennan Agency LLC, the Middle Market Agency Subsidiary of Marsh, has acquired Vero Insurance, Inc., a Vero Beach, Florida-Based Independent Agency specializing in Private Client Insurance Services. Terms of the transaction were not disclosed, Insurance Journal reports..
Health Care Study: Florida Ranks Fifth-Highest for Uninsured in the Country
Florida has the fifth-highest rate of Residents without Health Care Insurance with 13.33 percent Uninsured, according to an analysis released Tuesday by WalletHub, a Personal-Finance Website. The Tampa Bay Times reports.
Democrats Pick Tracie Davis to Replace Reggie Fullwood in HD 13 Race
Davis was nominated by State Senator Audrey Gibson, while no other Candidates stepped forward to challenge the selection. Nate Monroe reports for the Florida Times-Union.
Tribe Seeks Halt to Water Standards Amid Appeal
After losing an initial Legal Round, the Seminole Tribe of Florida is asking a Judge to block the State Department of Environmental Protection from moving forward with controversial new Water-Quality Standards while an Appeal plays out. THE NEWS SERVICE OF FLORIDA’s Jim Saunders reports via SayfieReview.com.
Florida on Record Pace for Mail Ballots But Voters Face Risks, Too
Florida is seeing a torrid rate of Requests for Mail Ballots from Voters in the 2016 Presidential Election, the Tampa Bay Times’ Steve Bousquet reports.
Household Spending in Florida Jumped 5 Percent in 2015, Most in the Country
Florida’s latest spending surge was tied in part to how much more expensive it is getting to put and keep a roof over your head in the Sunshine State, the Tampa Bay Times’ Jeff Harrington reports.
Among Forbes 400 billionaires, Florida Gaining Favor as a Place to Call Home
Only five years ago, Florida was home to 29 Billionaires on the Forbes 400. Now 40 Billionaires — 10 percent of the New 2016 Forbes 400 List of the Richest Americans — claim Florida as their residence. Tampa Bay Times Columnist Robert Trigaux reports.
Bill Galvano’s Daughter to Go on National Tour With “Annie”
The 11-year-old daughter of State Senator Bill Galvano, R-Bradenton, and his wife, Julie, beat out 300 to 400 other “Annie” hopefuls in New York City this past July, the Bradenton Herald reports.
North Carolina Insurers Want Supreme Court Review of 25% Home Insurance Rate Hike Denial
The North Carolina Rate Bureau, which files rates with NCDOI on behalf of Insurers writing in the State, is calling foul on a recent Court of Appeals Decision agreeing with the State Insurance Commissioner’s Rejection of a nearly 25 percent Homeowners Insurance Rate Increase. Amy O’Connor reports for Insurance Journal.
U.S. Supreme Court Denies GEICO Appeal on Overtime Pay
The Insurer had challenged ruling that its Claims Investigators fell under Federal Wage Laws, Insurance Journal reports.
London Insurance Market Prepares to Hold Catastrophe Response Test
The London Insurance Market plans to test its response this month to a Major Catastrophe on the scale of the 9/11 Attacks, the Chairman of Insurer Hiscox said on Tuesday. Reuters reports via Insurance Journal.
Federal Reserve Task Forces Begin Review of Faster Payments Solution Proposals
Members of the two National Task Forces convened by the Federal Reserve to make payments faster and more secure have begun to review and discuss 19 specific Proposals submitted by interested Task Force Members across the Payments Industry that outline potential approaches for a faster Payment System in the United States, it was announced by the Federal Reserve yesterday, October 4, 2016.
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