Capitol to Courthouse Florida Insurance Report – Thursday, September 28, 2017
Sep 28, 2017
Florida Citizens says hurricane Irma loss won’t hit reinsurance
It is the coastal account which has the private market reinsurance and the Everglades catastrophe bonds acting as risk transfer, with the first per-occurrence reinsurance wrap attaching above $504 million of losses, alongside and inuring to Citizens coverage from the Florida Hurricane Catastrophe Fund, Artemis.bm reports.
- Citizens’ cuts its Hurricane Irma claims projection by more than half to 70,000
- Citizens claims expected to top $1.2 billion
- Florida taxpayers may avoid bill from Hurricane Irma
Florida to Deploy Anti-Fraud Strike Teams to Areas Hard-Hit by Irma
Anti-fraud strike teams comprised of investigators working for the Department of Financial Services’ Division of Investigative and Forensic Services will soon be deployed across the state in an effort to to protect Floridians from post-storm fraud, according to a statement from the Florida Department of Financial Services, Insurance Journal reports.
Nursing homes challenge new generator rules
Pointing to “impossible” time frames, an industry group has filed a legal challenge to new requirements by Governor Rick Scott’s administration that nursing homes and assisted-living facilities quickly install generators to power air-conditioning systems. THE NEWS SERVICE OF FLORIDA’s Jim Saunders reports via the Gainesville Sun.
Appeals court had ordered Federal Energy Regulatory Commission to address the climate change impact of the Sabal Trail Pipeline. Craig Pittman reports for the Tampa Bay Times.
Homeowners clamor for underground power lines; experts say it’s not a “panacea”
Homeowners questioned why their power lines aren’t buried underground, where they’d be safe from wind damage. Ryan Gillespie reports for the Orlando Sentinel.
Crews begin slowly removing debris across South Florida after Hurricane Irma
Dead trees, broken limbs and mountains of other debris have become an eyesore across Miami-Dade and Broward , WPLG.com reports.
Hospitals that saw spike in Hurricane Irma injuries slowly return to normal
Patients desperate for dialysis and breathing treatments that required electricity went there for help, in addition to injured patients, many with broken bones. Lisa J. Huriash reports for the Sun-Sentinel.
Puerto Rican devastation could mean more Florida voters
As Puerto Rico slips deeper into what many call a humanitarian crisis following Hurricane Maria, the island is primed for a mass exodus of what could be 1 million people – a sizable number of whom are expected to settle in Florida, the nation’s biggest swing state. Marc Caputo reports for Politico Florida.
Broward grand jury hears first witnesses in criminal probe of Broward Health
A Broward grand jury has begun hearing about alleged criminal conduct at long-troubled Broward Health, the taxpayer-supported public medical system for the northern two-thirds of the county. Dan Christenson reports for FloridaBulldog.org.
U.S. Floats Nafta Proposal That Could Erode Copyright-Liability Protection
A U.S. official said the Trump administration hasn’t finished its intellectual property proposals yet and will add more language in the future. William Mauldin reports for Dow Jones Newswire.
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