Capitol to Courthouse Florida Insurance Report – Friday, June 09, 2017
Jun 9, 2017
Aon Benfield wins Florida accounts from rivals
Aon Benfield placed a trio of accounts at the 1 June Florida renewal freshly won from rivals, The Insurance Insider’s David Bull reports.
Malpractice damage caps struck down by Florida Supreme Court
The Florida Supreme Court on Thursday ruled that a law limiting pain-and-suffering damages in medical malpractice cases is unconstitutional, rejecting a controversial change that the Legislature and then-Governor Jeb Bush approved in 2003. THE NEWS SERVICE OF FLORIDA’s Jim Saunders reports via the Orlando Sentinel.
Dennis Ross Brings Back Disaster Savings Account Act
This week, U.S. Representative Dennis Ross, R-Fla., part of the congressional leadership as senior deputy majority whip, brought back his proposal to amend the federal tax code to create tax-preferred savings accounts to help Americans prepare for natural disasters. Kevin Derby reports for SunshineStateNews.com.
Storms Set Rainfall Records, Cause Flooding in South Florida
Several Florida cities set rainfall records as heavy rain continued to fall in Florida, bringing the potential for flooding and even forcing officials to close a large outlet mall north of Miami on Wednesday. The Associated Press reports via Insurance Journal.
279 US and Florida Climate Mayors commit to adopt, honor and uphold Paris Climate Agreement goals
Florida mayors are among 279 US mayors who are committing to adopt, honor, and uphold the commitments to the goals enshrined in the Paris Agreement.
Special session on verge of collapse as Florida GOP leaders feud
As a rocky special legislative session heads into its final hours, Senate President Joe Negron dramatically raised the stakes and demanded the House agree to restore $75 million in higher education vetoes by Governor Rick Scott. The Associated Press reports via the Lakeland Ledger.
- Lawmakers keep bickering with 1 day left in special session
- Is there a deal to get out of Tallahassee on time?
- Negron teed off on “fake narrative” that Senate signed off on Scott-Corcoran budget deal
- Economic Development Differences Remain for Lawmakers
- Senate Shoots Down Plans to Strip Funding from HB 7069
- Senator floats idea: Another special session to fix HB 7069
- Florida Senate set to roll back hospital cuts, but don’t expect the House to go along
House and Senate snuff out smokable marijuana
House Republicans Thursday morning defeated an amendment pushed by Democrats 37 – 71 that would have allowed it. Then in the afternoon, a Senate smokable version of a medical marijuana bill went down in flames. James Call reports for the Tallahassee Democrat.
Victims of massive fraud scheme seek to recoup losses
Paul Koyak invested $70,000 in a Jupiter-based “virtual concierge machine” venture that sounded like a money-maker, but turned out to be a Ponzi scheme. The Palm Beach Post reports via Crain’s Miami.
Brave New World: First Reinsurance Product Heads to the Blockchain
Only time and testing will tell, but the members of B3i, known formally as Blockchain Insurance Industry Initiative, are working hard – expending resources of time, money and people – to prove the concept works for the insurance industry. L.S. Howard reports for Insurance Journal.
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