Capitol to Courthouse Florida Insurance Report - Friday, May 05, 2017
Date Published: 05-05-2017
Heritage Insurance Holdings, the third-largest Carrier in South Florida, said it reduced Claims Losses in the First Quarter of 2017 in part because it hasn’t written a New Policy in the Tricounty Region in nearly 12 months. The Insurer, which operates in Florida as Heritage Property & Casualty, reported its decision not to write new Policies in the Region during an earnings call Thursday. The Sun-Sentinel reports.
The Florida Office of Insurance Regulation has approved the following Company to participate in the July Citizens Property Insurance Corporation Take-Out Period. Insurance Journal reports.
With just a few weeks before the start of Hurricane Season 2017, all eyes turn to Florida, which had remained relatively unscathed by Mother Nature's torment in recent years until Hurricane Matthew barreled up the Atlantic Coastline last September — leaving behind more than $800 Million in Claims in the Sunshine State. Neil Alldredge reports for National Underwriter’s PropertyCasualty360.com.
On Wednesday, the U.S. House agreed to a measure from a South Florida Congresswoman which saves Local Taxpayers almost $17 Million. Kevin Derby reports for SunshineStateNews.com.
The Florida Legislature passed a Bill (SB 532) Wednesday that requires Polluters to Notify the Department of Environmental Protection within a day of a Spill. Ana Ceballos reports for Insurance Journal.
Employer Groups are threatening to bolt and Trial Lawyers are in open revolt as Lawmakers spend the final days of the 2017 Session haggling over Workers’ Compensation Reforms. Jim Ash reports for WFSU.org.
Sober Homes have been nightmares of Drug Abuse, Prostitution and Patient Brokering, in which the Homes offer kickbacks to Rehab Centers for Patients whose Insurance the Homes can Bill. The Sun-Sentinel’s Dan Sweeney reports.
Towering Buildings are beginning to rise in many of South Florida’s smaller Cities, promising to transform life in Communities where people have long valued a slower pace and wide-open views. The Sun-Sentinel’s Anne Geggis reports.
Florida Senator Tom Lee Filed an Amendment for the Department of Highway Safety and Motor Vehicles Bill that would Regulate the Operations of Ridebooking Services like Uber and Lyft. SaintPetersBlog.com reports.
Governor Rick Scott urged Voters Thursday to hold Lawmakers accountable for a proposed $83 Billion Budget crafted by House and Senate Leaders in secret that rejected his top priorities. Eric Staats reports for the Naples Daily News.
In the Last Two Days of the Regular Legislative Session in Tallahassee, the Amendments are flying, and Senators don't like what they're seeing. Steve Bousquet reports via “The Buzz” blog.
The Florida Senate passed the Florida House Proposal to Regulate Medical Marijuana in Florida on Thursday in the latest Chapter of one of the most hotly-debated and most publicized topics during this year's Legislative Session. Allison Nielsen reports.
Lt. Governor Carlos Lopez-Cantera will be the next Statewide Chair of the Panel that Vets Candidates for Federal Judges. FloridaPolitics.com’s Jim Rosica reports.
The Miami Republican has asked to say good-bye because he expects to be gone from the House one way or another before the 2018 Session. The Miami Herald’s Patricia Mazzei reports via “The Buzz” blog.
It doesn't look like Pam Bondi will be leaving Tallahassee for a Job in the Trump Administration. The Tampa Bay Times’ Adam Smith reports via “The Buzz” blog.
State Farm Mutual Automobile Insurance Co., the largest U.S. Home and Auto Insurer, plans to shut 11 U.S. Facilities, displacing about 4,200 Workers, after a $7 Billion Annual Underwriting Loss last year on Auto Policies. Bloomberg’s Sonali Basak and Katherine Chiglinsky report via Insurance Journal.
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