Capitol to Courthouse Florida Insurance Report – Monday, November 07, 2016
Nov 7, 2016
Matthew’s Damage Will Take Months to Assess, Even Longer to Repair
A month since Matthew, Property Owners don’t know any more than they did the morning after the storm. Hills of debris still line the highway, houses teeter over the water, Insurance Companies have not knocked on doors, and it could be months before traction catches. Amanda Williamson reports for the Florida Times-Union.
Universal Buys Risk-Linked Parametric Catastrophe Insurance Cover
Florida headquartered Primary Insurance Company Universal Insurance Holdings has added an additional layer of protection against catastrophe losses, in the form of a risk-linked contract which appears to be parametric in nature, the Artemis.bm blog reports.
Former State Representative Kevin Ambler, 1-800-ASK-GARY Founder Battle Over Failed Startup Funds
Five years ago, former State Representative Kevin Ambler and the Founder of 1-800-ASK-GARY teamed up to create Arrest A.L.E.R.T., an app designed to give users access to Arrest Data from Sheriff’s Offices across the State. Jade Isaacs reports for FloridaPolitics.com.
Incoming Speaker Richard Corcoran to Propose Dramatic Changes to House Appropriations Process
Florida House Members hoping to get money in the 2017-18 Budget will be asked to file a Bill for every appropriations request they make, SaintPetersBlog.com’s Peter Schorsch reports.
Florida Supreme Court Won’t Toss Out Solar Ballot Question
The Florida Supreme Court Rejected a request to invalidate a proposed Solar-Power Constitutional Amendment that’s supported by power companies. The Associated Press reports via FloridaPolitics.com.
Florida’s Early Voting Wrapping Up; 6M Have Cast Ballots
Nearly 48 percent of all Registered Voters in Florida have either voted early or voted by mail, according to new numbers reported Sunday to the State Division of Elections, the Associated Press’ Gary Fineout reports via the Naples Daily News.
- About 800,000 Absentee Ballots Yet to be Returned in Florida
- Democrats Widen Lead Over GOP in Florida Early Votes
Florida’s Congressional Redistricting Hits Reality in Tuesday’s Election
When Courts redrew Districts for Florida’s Congressional Delegation and the State Senate, assumptions quickly poured in. THE NEWS SERVICE OF FLORIDA reports via Fox35-TV Orlando.
Departing Senator Gaetz Shares His Lessons, Regrets
Former Senate President Don Gaetz is known for his loquacious flair. His speeches on the Senate Floor are often full of historical references and big words. Tia Mitchell writes via the St. Augustine Record.
To Recoup Losses From the Housing Collapse, Miami Pursues a Novel Suit
The Housing Collapse of 2008 nearly broke the City of Miami. Now, its Leaders have embarked on a novel and aggressive legal strategy to recoup losses from the big banks they say created the crisis with discriminatory and predatory lending practices. Robert Barnes reports for the Washington Post.
Cost of Necessities Has Florida’s Poor Living on a Razor’s Edge
While Unemployment and Poverty Rates have declined over the last five years, 3.1 million Floridians remain trapped in poverty with few ways to get ahead. Tracy McManus reports for the Tampa Bay Times.
Navarro, Craig Vying for Delaware Insurance Commissioner Seat
The race for Insurance Commissioner pits Democrat Trinidad Navarro against Republican Jeffrey Craig. Both survived their party’s Primary, with Navarro defeating incumbent Karen Weldin Stewart. Brianna Shea reports for the Newark Post Online.
Texas Commissioner Approves Rate Changes for Auto Insurance Plan
Texas Insurance Commissioner David Mattax has approved rate changes for private passenger and commercial automobile insurance provided through the Texas Automobile Insurance Plan Association, which is the State’s Assigned Risk Plan, Insurance Journal reports.
Court Rules in Favor of Massachusetts Insurers Insolvency Fund in Workers’ Comp Suit
The Supreme Judicial Court of Massachusetts in Boston, Mass., has ruled that the Massachusetts Insurers Insolvency Fund is authorized to recover certain amounts paid by the fund in Workers’ Compensation Benefits on behalf of Berkshire Bank. Elizabeth Blosfield reports for Insurance Journal.
Blockchain is Not Just for Banking… Insurance Wants It Too
Smart Contracts, for example, have the potential to reshape systems and could underpin the automation of the claim processes; resulting in both cost savings to the insurer and, crucially, better experiences for customers. Lisa Moyle reports for Banking Technology.
Insurance Industry Fraud Will Be Exposed in 2017 Claims Whistleblower
Fraud in the Insurance Industry is endemic according to the whistleblower who exposed the Bernie Madoff Ponzi Scheme. Steve Randall reports for Insurance Business America.
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