Capitol to Courthouse Florida Insurance Report - Friday, March 17, 2017
Date Published: 03-17-2017
Ratings company Demotech is holding off on issuing Large-Scale Ratings Downgrades of Florida Property Insurers for now, after a number of Insurers heeded its warning of last month about the effects of Assignment of Benefits Abuse and State Court Rulings by boosting their Claims Reserves and Policyholder Surplus. Amy O’Connor reports for Insurance Journal.
The American Insurance Association has issued a Legislative and Regulatory Outlook for Property-Casualty Insurers in Florida.
As Florida Lawmakers look at eliminating controversial Regulations on building Hospitals, a Judge has sided with the HCA Health-Care Chain. WLRN reports.
Florida House Republicans appear willing to sacrifice their Plan to Deregulate the entire State Health Care Industry and focus instead on their Boogyman: Hospitals. Alexandra Glorioso reports for the Naples Daily News.
A Woman accused of orchestrating her Husband's Murder to Collect Insurance Money has been Sentenced to 12 Years in Prison. NBC6 notes the Florida Times-Union story.
Governor Scott called on State Attorney Ayala to Recuse herself immediately from prosecuting Markeith Loyd after she refused to consider the Death Penalty in this Case. State Attorney Ayala has refused to recuse herself and Governor Scott has removed her from the Case and reassigned it.
The Florida Department of Management Services Secretary Resigned Yesterday. He was appointed by Governor Rick Scott. The Tallahassee Democrat reports.
The Florida Supreme Court on Thursday overturned a Decision by State Regulators about how a Utility can Recoup Costs from Customers for a Construction Project. THE NEWS SERVICE OF FLORIDA reports via the Sarasota Herald-Tribune.
Florida’s Constitution Revision Commission has launched a Website and announced an Organizational Meeting next Monday, Jim Rosica reports.
The House released its bad and worst-case scenarios for the next State Budget Thursday. Neither is very pretty. FloridaPolitics.com’s Michael Moline reports.
Florida likes our Beaches and Theme Parks. In fact, our Tourism Industry here in Orlando alone creates a $60 Billion Annual Impact. But Guns? No Way — at least according to a New Report. Phil Hudson reports for the Orlando Business Journal.
It’s not the first time a Proposed Bill in the Florida State Legislature has drawn a leery eye from Local Municipalities, but House Bill 13 on Community Redevelopment Agencies has Local Officials up in arms. Mark Young reports for the Bradenton Herald.
President Donald Trump's proposed budget would reduce funding by $190 million for National Flood Insurance Program hazard mapping and grants for flood-mitigation efforts. The maps and grant-funded projects are crucial for keeping homeowner losses from floods and other disasters in check, said Don Griffin of PCI.
Northern North Dakota – the Souris River, Devils Lake and the Northernmost Reaches of the Red River – has the Greatest Risk of Major Flooding this Spring, while Moderate Flooding is possible over Southern Idaho in the Snake River Basin, according to NOAA’s Spring Outlook. Insurance Journal reports.
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