Capitol to Courthouse Florida Insurance Report – Thursday, July 21, 2016

 

Disability Insurance Firms Seek Florida Rate Hikes

Thousands of Floridians who have Insurance to cover the cost of staying in a Nursing Home or Assisted Living Facility could see a steep hike in their Premiums, the Associated Press reports via The Miami Herald.

 

Parents Won’t Sue Disney over Son’s Death by Gator

The parents of a toddler killed by an alligator at Walt Disney World said Wednesday that they don’t plan to sue the Florida Theme Park resort over the death.  The Associated Press reports via FloridaPolitics.com.

 

How Markets Can Help Us Adapt to Climate Change

In too many states, well-intentioned Regulations aren’t letting the Market properly price climate risk.   A good example is Florida’s Insurance Market, where regulations cap premiums — forcing inland areas to pay more for wind insurance, while the coastal residents don’t pay premiums reflecting their higher risks.  The New York Times’ Michael Greenstone writes for “The Upshot” blog.

 

The Hilb Group Acquires Carrier Insurance Agency in Florida

The Hilb Group, LLC has acquired Florida-Based Carrier Insurance Agency, Inc., continuing its nationwide growth through acquisitions and expanding its regional presence in Central Florida.  The transaction became effective July 1, 2016, Insurance Journal reports.

 

American Integrity in Florida Hires Hendrickson as SVP of Risk Management

Gloria Hendrickson has over two decades of insurance experience, including leading both insurance and reinsurance pricing and accumulation as Assistant Director of Catastrophe Risk & Accumulation at XL Catlin Insurance Company in Atlanta, Insurance Journal reports.

 

Obama to Scott:  Florida Will get $5.6M to Combat Zika Virus

Florida leads the Nation in the number of Zika Cases with 284 Cases in non pregnant individuals and another 43 Cases involving pregnant women, Politico Florida’s Christine Sexton reports.

 

Scott:  U.S. Needs “Politically Incorrect” Trump

On the biggest stage of his political career, Florida Governor Rick Scott gave his first Republican National Convention speech with a “Throw-the-Bums-Out” message that’s perfectly suited for “Politically Incorrect” Donald Trump.

 

Forecast Shows Florida Losing Millions Annually Because of Tax Cuts

Florida’s Economic Forecasters are predicting a hit to State Coffers in years ahead because of Tax Breaks passed this Legislative Session, Jim Rosica reports for FloridaPolitics.com.

 

Florida Ranks Fourth for Distressed-Home Sales

Florida ranks fourth in the Nation for the share of distressed home sales, but the numbers are shrinking.  John Hielscher reports for the Sarasota Herald-Tribune.

 

Merger Creates South Florida’s Largest Real Estate Brokerage

The Keyes Co., a Miami Real Estate Institution since 1926 with 2,600 Agents, is joining forces with Palm Beach-based Illustrated Properties, which currently manages more than 500 Agents across South and Central Florida.  Both Companies will continue to operate under the same name while sharing anticipated revenue totaling $6 billion annually, The Miami Herald reports via Crain’s News.

 

Jacksonville Judge Faces Allegations of Improper Conduct

A Jacksonville Judge accused of using epithets to refer to a female Staff Attorney and saying that blacks should “Go Back to Africa” could face Sanctions after an investigation by a panel that polices judicial conduct.  THE NEWS SERVICE OF FLORIDA’s Dara Kam reports via SayfieReview.com.

 

Case Testing FAA Authority to Regulate Drones Advances

The father and son who posted videos of drones firing a handgun and incinerating a Thanksgiving Turkey with a flame-thrower can be questioned by Aviation Regulators, a U.S. Judge ruled in a closely watched case that may determine the Government’s ability to oversee unmanned aircraft.  Bloomberg’s Alan Levin reports via Insurance Journal.

 

 

 

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