Capitol to Courthouse Florida Insurance Report – Friday, March 17, 2017
Mar 17, 2017
Florida Property Insurers Largely Avoid Downgrades, For Now, Demotech Says
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.
· Read Demotech’s Complete News Release Here.
· Florida Insurers Keep A Grades After Consolidation, Demotech Says
2017 Florida Legislative and Regulatory Outlook for Property-Casualty Insurers
The American Insurance Association has issued a Legislative and Regulatory Outlook for Property-Casualty Insurers in Florida.
Judge Sides With HCA In Hospital Industry Fight
As Florida Lawmakers look at eliminating controversial Regulations on building Hospitals, a Judge has sided with the HCA Health-Care Chain. WLRN reports.
Lawmakers Work Florida Hospital Regulation Deal
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.
Florida Woman Accused in Husband’s Insurance Killing Gets 12 Years
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 Assigns Cop Killer Prosecutor Following State Attorney Refusing to Recuse Herself
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.
Florida Supreme Court Overturns Regulators on Utility Costs
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 Constitution Revision Commission to Hold First Meeting
Florida’s Constitution Revision Commission has launched a Website and announced an Organizational Meeting next Monday, Jim Rosica reports.
House Spending Reduction Targets Would Spread Plenty of Pain
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.
​How Dependent is Florida on the Gun Industry?
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.
Florida Legislature Bill on CRAs Worries, Divides City Officials
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.
Trump Budget Plan Would Cut $190M for Flood Mapping, Disaster Mitigation
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.
NOAA: North Dakota at Highest Risk for Spring Flooding
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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