Category: Florida and Insurance News
Nov 8, 2017
Heritage takes over policies from troubled Sawgrass Mutual Heritage said it believes the acquisition will increase the company’s operating income and make its book of business more attractive to reinsurers, the Sun-Sentinel’s Ron Hurtibise reports. Jeff Garretson, Vice President of …
Nov 7, 2017
Hurricane Irma Claims Reach $5.5 Billion In the eight weeks since Irma rampaged through the State, the estimated Insured Losses from Property Owners now stands at $5.55 Billion, according to an updated Report Monday from the Florida Office of Insurance …
Nov 6, 2017
Lawmakers Foresee “Headwinds” In Passing Major Insurance Legislation Republican Senator Anitere Flores, who represents the Irma-battered Florida Keys, said Friday that Property Insurance will be the “Main” Insurance Issue she will tackle in the upcoming Legislative Session. FloridaPolitics.com’s Ana Ceballos reports. …
Nov 3, 2017
Reinsurance Exec Says Industry Was Prepared For 2017 Disasters Despite a deadly and costly storm season this year, Aon Benfield President Andy Marcell said Thursday Reinsurers were more than prepared to handle the call and bounce back quickly. FloridaPolitics.com Publisher Peter Schorsch …
Nov 2, 2017
Florida homeowners need break from assignment-of-benefits lawsuits The damage from AOB litigation is clear, U.S. Chamber Institute for Legal Reform Executive Vice President Harold Kim explains in the Sun-Sentinel. Al Lawson makes big push for Jacksonville flood mitigation U.S. Representative Al …
Nov 1, 2017
Florida Office of Insurance Regulation Orders Slightly Larger Workers’ Compensation Insurance Rate Decrease for 2018 Florida Insurance Commissioner David Altmaier issued an Order late yesterday notifying the National Council on Compensation Insurance that its 2018 Rate Filing has been disapproved and, …
Oct 27, 2017
House Hurricane Committee Mulls What Went Wrong During, After Irma On Thursday, the House Select Committee on Hurricane Response and Preparedness heard about issues affecting Florida during Irma. A.G. Gancarski reports. Florida Cities Ranked Most Vulnerable to Coastal Floods Due …
Oct 26, 2017
Florida’s cost for deadly hurricane keeps going up The tab for Hurricane Irma keeps rising, and Florida legislators are warning that it could require some tough budget choices for next year. The Associated Press reports via the Palm Beach Post. …
Oct 25, 2017
Florida CFO Voices Concerns to FEMA Over Policy Management Vendor Transition Florida’s Chief Financial Officer Jimmy Patronis is urging the Federal Emergency Management Agency to reconsider an upcoming vendor transition that he says could delay the processing of federal flood …
Oct 24, 2017
Galvano Brings Policy Skills To Top Senate Post Senator Bill Galvano, a 51-year-old lawyer from Bradenton, will be designated Tuesday by Senate Republicans as the next president of the Florida Senate. THE NEWS SERVICE OF FLORIDA’s Lloyd Dunkelberger reports. · …