Capitol to Courthouse Florida Insurance Report – Friday, May 26, 2017

 

Florida Commission Approves RMS North Atlantic Hurricane Models

Risk Modeller RMS’s Version 17.0 North Atlantic Hurricane Models were Certified by the Florida Commission on Hurricane Loss Projection Methodology on May 12, 2017, for use in Residential Rate Filings with the Florida Office of Insurance Regulation.  Reinsurance News reports.

 

Prejudgment Interest, Medical Malpractice Bills Fail in Florida Legislature

With the Florida Legislature on break, several High-Profile Bills currently tracked by the Florida Record have been met their Legislative Demise. 

 

Legislative Storm Takes Aim on Florida Amid Hurricane Season

As Meteorologists keep a watchful eye on the Atlantic and Gulf Coasts this summer, former Florida Insurance Consumer Advocate Robin Westcott tells the Pensacola News-Journal her attention will be focused on Washington.

 

NOAA Predicts Active Season with 5 to 9 Hurricanes

Federal Forecasters expect an unusually active 2017 Hurricane Season for the Atlantic Basin, with five to nine hurricanes predicted to form.  The Naples Daily News reports.

 

Rick Scott Signs $180M Tax Cut Package Into Law

The Tax Cut Package is significantly smaller than the $618 Million Tax Cut Plan Scott proposed in January.  Jenna Buzzacco-Foerster reports for SaintPetersBlog.com.

·         Governor Rick Scott Signs Tax Holidays for Hurricane and School Supplies

 

Florida TaxWatch Calls out $180 Million of Questionable Spending in State Budget

The upshot of TaxWatch’s Analysis — which calls out line items that are slipped into the Budget behind closed doors or circumvent beaurocratic structures meant to prioritize what projects are funded first — is that while some parts of the Budget Process were more transparent than usual this year, the bulk of it was not.  The Miami Herald’s Michael Auslen reports via the “Naked Politics” blog.

 

Florida Health Officials Outline Their Plan For Writing Medical Marijuana Rules

The Florida Department of Health on Thursday published a Notice Outlining Special Procedures for them to implement Amendment 2, which passed with 71 percent of the Vote last November and allows Patients with a list of Conditions including HIV/AIDS, Cancer and PTSD to access Medical Cannabis.  The Miami Herald’s Michael Auslen reports via the “Naked Politics” blog.

 

Not Enough Troopers Means Florida Highway Patrol Writes Fewer Tickets, Handles Fewer Accidents

The number of Speeding Tickets written by Florida State Troopers has plunged three straight years as the Agency grapples with a personnel shortage and high turnover.  The Miami Herald’s Jeremy Wallace reports.

 

Florida GOP operative, Blogger Teamed up with Guccifer 2.0 for Hacking Dump

Political Hacking wasn’t limited to just the Democratic National Committee in 2016; Florida was also part of the Act.  Phil Ammann reports for FloridaPolitics.com.

 

BankUnited Regains Title as The Most Profitable Bank in Florida

BankUnited once again becomes the Most Profitable Bank in the State of Florida, despite its profit declining from the previous quarter.  Keith Larsen reports for the South Florida Business Journal.

 

Here’s What the U.S. House Has in Mind for Revamping National Flood Insurance Program

A much-anticipated House Subcommittee Proposal on Flood Insurance promises to Reauthorize the National Flood Insurance Program for five years beyond its September 30 Expiration Date.  Insurance Journal’s Andrew G. Simpson reports.

 

Texas “Industrial Insureds” Surplus Lines Bill Signed into Law

On May 11, the Texas Senate passed a Bill Exempting Certain Policyholders from the Requirement that Agents to make a “Diligent Effort” to find Insurance in the Admitted Commercial Insurance Market. Governor Greg Abbott has signed the Measure, which becomes Effective on September 1.  Insurance Journal reports.

 

 

 

 

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