Lawmakers continued negotiations Wednesday on a new $87 billion-plus state budget, after reaching agreement on several major issues, including a funding plan for public schools. THE NEWS SERVICE OF FLORIDA’s Lloyd...
Category: Florida News
Though he has spent his entire Tallahassee career in the minority party, Abruzzo gained a reputation for being able to get legislation passed in the Republican-controlled Legislature, the Palm Beach Post reports....
Corps officials believed that a storm that could spill into homes would be so rare and irregular that it did not necessitate retrofitting the dams to avoid the potential flooding and litigation, despite mounting evidence that...
Tackling the U.S. flood insurance challenge
March 1, 2018
Flood risk is one of the most severe natural hazards in the United States, yet one of the least well-managed, National Underwriter’s Matt Nielsen reports for PropertyCasualty360.com....
Aon plc announced that Dominic Christian has been appointed as global chairman of Aon Benfield. At the same time, Julie Page has been promoted to chief executive officer of Aon UK Ltd., subject to regulatory approval,...
Capitol to Courthouse Florida Insurance Report – Thursday, March 01, 2018
March 1, 2018
Category Florida and Insurance News
Attempt to Overhaul State’s No-Fault Auto Insurance System Fails in Senate Subcommittee The Legislation, one of House Speaker Richard Corcoran’s priorities, would have ended the State’s No-Fault Auto...
U.S. GAO Observations on Federal Contracting for Disaster Response and Recovery Efforts
February 28, 2018
The U.S. Government Accountability Office was asked to review and report on federal contracting activity to support the work of FEMA and other federal agencies related to the response to the 2017 hurricanes.
Demotech Holds-Off on Affirming “A” Ratings
February 28, 2018
A company that rates many Florida property/casualty insurers believes hurricane losses and assignment of benefits litigation during 2017 could affect some insurers’ financial ratings, Insurance Journal’s Amy O’Connor...
Citrus Re Florida cat bond losses clearer
February 28, 2018
The $30 million Citrus Re 2015-1 Class C tranche of notes is currently estimated to face at least a $20 million loss, although secondary pricing seems to imply that investors may expect a higher reinsurance recovery to be...
Florida Senator Rob Bradley’s health care fairness doctrine
February 28, 2018
Senate Appropriations Chair Rob Bradley is undertaking something seen too rarely in the Legislative process: He is actually trying to clean up and improve Florida’s health care financing policy, FloridaPolitics.com...