Capitol to Courthouse Florida Insurance Report – Friday, September 09, 2016
Sep 9, 2016
Hermine: Losses Seen Up To $500M, Could Have Been Worse, Insurers Say
An early Estimate puts losses approaching $500 Million for the first Hurricane to make landfall in Florida in more than a decade, but Hermine turned out to be more of a quiz than a full-blown test for Insurers and Homeowners, as Security First’s Locke Burt saw it. Charles Elmore reports for the Palm Beach Post.
Scam Artists Impersonating Florida Insurance Commissioner David Altmaier
If you get an email from Florida Insurance Commissioner David Altmaier, don’t reply, FloridaPolitics.com’s Michael Moline reports.
Hermine Enlisted in Business Campaign Against Insurance Rackets
A Business Coalition warned Florida Homeowners Thursday against signing away their Insurance Claims for Hurricane Hermine damage to dodgy Contractors or Attorneys, FloridaPolitics.com’s Michael Moline reports.
When Hurricane Hermine struck Florida, becoming the first Hurricane to make landfall in Florida in 11 years, it provided a long-planned for opportunity for People’s Trust Insurance to test its unique recovery model and prove their catastrophe plan, WBRD.com reports.
Florida CVS Stores Now Sell Overdose Antidote: No Prescription Needed
With a long established Delray Beach presence, Palm Beach County has a flourishing sober home industry, one that has drawn the attention of an FBI Task Force investigating Insurance Fraud. The influx of Addicts has led to a rapid escalation in overdoses, forcing some Local Police Agencies to begin carrying Naloxone. Christine Stapleton reports for the Palm Beach Post.
Florida Near Dead Last for Uninsured on Health, Study Says
Florida ranks worse than all other States except Texas for the percentage of Adults under 65 with Health Insurance, according to an analysis by the Personal-Finance Website Wallethub. The Palm Beach Post’s Charles Elmore reports for the “Protecting Your Pocket” blog.
Florida Legislature: Out With The Old, In With The New
At the same time incoming House Speaker Richard Corcoran was meeting at the Capitol with Members of his Delegation, outgoing Senate President Andy Gardiner was cleaning out his office. Tia Mitchell reports with a slideshow for the Florida Times-Union.
First Florida GOP Legislator Backs Medical Marijuana Initiative
Florida Senator Jeff Brandes has endorsed Florida’s Medical Marijuana Ballot Initiative, making him the first sitting Republican Legislator to embrace the proposal after years of inaction in the State Capitol. Marc Caputo reports for Politico Florida.
Red-Light Camera Refunds at Issue
A Federal Appeals Court has refused to block part of a Class-Action Lawsuit that seeks to force Florida Local Governments to refund money to motorists who were cited for running red lights after being recorded by Traffic Cameras. THE NEWS SERVICE OF FLORIDA’s Jim Saunders reports via the St. Augustine Record.
Attica Remembered? Florida Quells Major Prison Disturbance
The Florida Department of Corrections says hundreds of inmates created a major disturbance at a Holmes County Prison yesterday. The Associated Press reports via the Tampa Tribune.
All Aboard Florida’s Plan for Passenger Train Service From Miami to Orlando In Jeopardy
All Aboard Florida’s plan to operate regular passenger train service between Miami and Orlando is in jeopardy following a Federal Judge’s order questioning the Company’s ability to borrow $1.75 billion in Taxpayer-Subsidized Federal Bonds to pay for the project. Ann Henson Feltgen reports for FloridaBulldog.org.
Demotech, Inc. created a series of presentations describing the important sections of the Property & Casualty insurance Statutory Financial Statement, WFLX-TV reports.
Insurance Broker Willis Towers Watson to Pay $120M in Ponzi Lawsuit
Willis was accused of helping the now-imprisoned Texas Financier Allen Stanford run a $7.2 Billion Ponzi Scheme. Investors and a Court-Appointed Receiver said Willis provided letters describing the Insurance Policies and touting the credentials of the swindler’s Antigua-Based Stanford International Bank, Reuters reports via Crain’s Miami.
Workers Paid by Card will Gain Protections in New York State
Workers in New York State who receive their wages on Prepaid Cards will gain Consumer Protections next year that Advocates say are among the strongest in the Nation. The New Rules are intended to guarantee that employees do not have to pay any fees to gain access to their paychecks. Stacy Cowley reports for the New York Times.
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