Capitol to Courthouse Florida Insurance Report – Friday, November 03, 2017
Nov 3, 2017
Reinsurance Exec Says Industry Was Prepared For 2017 Disasters
Despite a deadly and costly storm season this year, Aon Benfield President Andy Marcell said Thursday Reinsurers were more than prepared to handle the call and bounce back quickly. FloridaPolitics.com Publisher Peter Schorsch reports.
Governor Scott: Special Member Projects Should Pay For Hurricane Irma
Florida’s Lawmakers are heading into next year’s Legislative Session at odds on how to pay for the Recovery of Hurricane Irma. Arek Sarkissian reports for the Naples Daily News.
· Scott: State Has Enough Money To Cover Hurricane Costs
Florida Jury Awards $45M to Parents of Med Student Killed in Crash
A Jury has Awarded the Parents of a Medical School Student Killed in a 2015 Florida Crash $45 Million in Damages. The Associated Press reports via Insurance Journal.
Ever Wonder Where All Those New Florida Residents Relocate From? Now We Know
According to a Study released this week by LendingTree, the Sunshine State Ranked First in Mortgage Requests in 18 of the 50 States during the past year. Mike Garbett reports for the Bradenton Herald.
Boom or Bust: Partisan Lens Sets View of Florida’s Progress
With the 2018 Election Cycle Looming, Republicans — Chiefly Gov. Rick Scott — are eager to paint a picture of an Economy humming along due to years of GOP Policies, while Democrats seek to shatter the pristine image as they work to retake the Governor’s Mansion for the first time in nearly two Decades. Matt Dixon reports for Politico.
Latvala Goes After Corcoran As Governor’s Race Looms
The fight for the Republican Nomination for Governor may have a tumultuous impact on the 2018 Legislative Session. THE NEWS SERVICE OF FLORIDA’s Lloyd Dunkelberger reports via the Lakeland Ledger.
CBO: Government Disaster Costs to Spike as Climate Change Worsens
The Congressional Budget Office says the Government’s Spending on Disasters could rise from today’s $28 Billion to $39 Billion in current dollars by 2075, when 10 Million US Residents will be “Substantially Affected” by Climate Change. Bloomberg reports via the PCI SmartBrief.
GOP Tax Plan Jeopardizes Bermuda Reinsurer Loophole
U.S. Money Managers with Reinsurance Companies in Bermuda and the Cayman Islands could lose a valuable Loophole under Republican Proposals to Overhaul the Tax Code unveiled on Thursday. Reuters’ Suzanne Barlyn and David French report via Insurance Journal.
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