Capitol to Courthouse Florida Insurance Report – Monday, August 15, 2016
Aug 15, 2016
Florida Homeowners Insurer Olympus Adds Newby as VP of Claims
Martin Newby will serve as Olympus’ Senior Claims Executive responsible for the Development, Implementation, Organization and Leadership of the Olympus Claims Programs and Initiatives. He brings more than 28 years of Claims and Operations Experience, Insurance Journal reports.
NCCI, Florida Office of Insurance Regulation and Insurance Commissioner Named in Lawsuit
James F. Fee, Jr., a Florida Workers’ Compensation Attorney and the Owner of Druckman & Fee, P.A. in Miami-Dade, is the Plaintiff in a Lawsuit filed August 10 against the National Council on Compensation Insurance, the Florida Office of Insurance Regulation, and Insurance Commissioner David Altmaier that “Seeks to introduce some required clarity and transparency into the opaque world of Workers’ Compensation Insurance Rates in Florida.” WCI360.com reports.
Business Task Force Leaders Argue for a Florida Workers’ Compensation Fix
State Insurance Regulators are holding a Public Hearing in Tallahassee on a request by the Leading Group for Workers’ Comp Insurers to raise rates Statewide nearly 20 percent starting in October. Jeff Harrington reports for the Tampa Bay Times.
Florida Policyholders: Hold the Line on Long-Term-Care Insurance Rate Hikes
A stream of frightened and disappointed customers urged State Regulators Friday not to allow Insurers MetLife and Unum to double Premium Costs for Long-Term Care Policies they thought would protect them from financial ruin in their elder years. Ron Hurtibise reports for the Sun-Sentinel.
Court Upholds Medicaid Fraud Convictions of 4 Florida Executives
A Federal Appeals Court has upheld the Convictions of four Florida Health Care Executives found Guilty in a Health Care Fraud Investigation. The Associated Press reports via the Orlando Sentinel.
Increase in Minority Voters Poses Problem for Trump in Florida
Since the 2012 Presidential Election, Florida’s Voter Rolls have grown by 436,000 — and only 24 percent of that increase is from Non-Hispanic White Voters while Non-Whites grew by 76 percent, according to New Voter Registration Numbers released in advance of the August 30 Primary, Marc Caputo reports for Politico Florida.
State Economists Take Stock Today of Florida’s Cash Flow
Florida Economists meet today to take Stock of State Tax Collections and other Revenues, shaping the Debate over next year’s State Budget. The Palm Beach Post’s John Kennedy reports via the “Post on Politics” blog.
Florida Farmers Eye Hops as Citrus Industry Reels
With the State’s iconic Citrus Industry reeling because of a so-far Incurable Bacterial Disease, some Florida farmers are eyeing a new Niche Crop that can tap into the country’s burgeoning Beer-Brewing Business: hops. The Associated Press’ Jason Dearen reports via the Lakeland Ledger.
NAIC Drafts Changes for National Flood Insurance Program; Encourages Long-Term Reauthorization
The National Association of Insurance Commissioners has released its recommendations for changes to the National Flood Insurance Program when it goes up before Congress for Reauthorization next year, Insurance Journal reports.
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