Capitol to Courthouse Florida Insurance Report – Monday, November 20, 2017
Nov 20, 2017
Florida opens delinquency proceedings for allegedly insolvent insurer
Florida’s Office of Insurance Regulation is asking the state’s chief financial officer to initiate delinquency proceedings against an insurer underwriting workers compensation, claiming the company “is impaired or insolvent” or “is about to become insolvent,” according to a letter issued Friday. Louise Esola reports for Business Insurance.
- Guarantee Insurance Co. agrees to state receivership
- Regulator deems Guarantee Insurance Co. insolvent, said company violated Florida law
Focus areas assigned for hurricane committee
A select group of lawmakers will be focused on specific, hurricane-related policy recommendations over the next two weeks, Danny McAuliffe reports for FloridaPolitics.com.
Scott funding request to address sea level rise seen as turnaround for administration
Scott’s $87.4 billion request includes $3.6 million for the Department of Environmental Protection to assist local governments in sea level rise planning and coastal “resilience” projects. Politico reports via ClimateChange.ie.
Florida insurance agent charged with four felonies over “bad judgment call”
According to an affidavit filed by Florida’s Bureau of Insurance Fraud, a Key Largo insurance agent has been arrested on charges of falsifying a roof inspection. Lyle Adriano reports for Insurance Business.
Florida moped riders under 21 would need helmet under proposed law
The days of young adults in Florida under age 21 tooling around on mopeds and scooters without helmets may be numbered. Jim Hayward reports for the Palm Beach Post.
Judge blasts Florida prisons over hepatitis care
In a scathing ruling issued Friday, a federal judge found that Florida corrections officials have a “long and sordid history” of failing to treat inmates infected with the Hepatitis C virus and ordered the state to immediately come up with a plan to properly provide care. THE NEWS SERVICE OF FLORIDA’s Dara Kam reports via the Daily Commercial.
Report: Florida rarely punishes doctors sued for malpractice
Florida doctors are rarely punished by state regulators even after they are sued for malpractice, the South Florida Sun Sentinel reported. The Associated Press notes the story.
Online Florida voter registration favors Democrats over GOP in early run
A month of Florida activity shows Republicans trailing Dems and NPAs, the Tampa Bay Times’ Steve Bousquet reports via “The Buzz” blog.
Even amid the flood of sexual misconduct revelations that have rocked state capitals across the country, the nation’s biggest swing state has lived up to its reputation for political drama and excess over the past month, with major implications for next year’s contested U.S. Senate and gubernatorial elections – and the next presidential race. Politico’s Matt Dixon and Marc Caputo report.
New report puts $500 billion price tag on opioid crisis
Nearly all of the focus on the opioid crisis gripping the nation has been on the human toll, with 14 Floridians a day dying from drug-related causes and twice that number experiencing non-fatal overdoses. THE NEWS SERVICE OF FLORIDA’s Dara Kam reports via the “Truth or Dara” blog.
Insurance Commissioner Dave Jones directed the California Department of Insurance to issue a formal notice to insurers, licensed public adjusters and admitted carriers to make sure all claims adjusters assigned to wildfire claims, including those not licensed in California, are properly trained on the California Unfair Practices Act, Fair Claims Settlement Practices Regulations, and all laws relating to property and casualty insurance claims handling.
Insurers and reinsurers count the costs of recent hurricanes, quakes
Losses from Hurricane Maria and other recent natural disasters, including hurricanes Irma and Harvey and the Mexico City earthquake, have led global insurers and reinsurers to issue profit warnings, Reuters reports.
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