Capitol to Courthouse Florida Insurance Report – Thursday, March 17, 2016
Mar 16, 2016
Florida’s Citizens Property Insurance Warns of “Crisis” on Claims Issue
Inaction by Florida lawmakers to address a spike in water-damage claims could reverse years of work to shrink state-backed Citizens Property Insurance, the company’s president said Wednesday, THE NEWS SERVICE OF FLORIDA’s Jim Turner reports via SunshineStateNews.com.
- Citizens: Let’s ask Governor to investigate water claims, insurance rate hikes
- Citizens Insurance: limit “weaponized” water claims to $10K under plan
Florida Needs Flood Insurance Market Parity and Modernization Act
In 2014 alone, and to no surprise, Florida surpassed all other states in total number of insurance claims and total claim payments for flooding. Furthermore, out of the top 10 claiming states, Florida’s total number of claims was more than three times higher than the average, and its total claim payments were more than four times the average. U.S. Rep. Dennis Ross, R-Fla. and U.S. Rep. Patrick Murphy, D-Fla., write for SunshineStateNews.com.
Ft. Lauderdale-Based Universal Property & Casualty Licensed in New Jersey
Universal Insurance Holdings Inc., an insurance holding company based in Fort Lauderdale, Florida, announced that its subsidiary Universal Property & Casualty Insurance Company was issued a certificate of authority from the New Jersey Department of Banking and Insurance approving UPCIC as a licensed insurance entity in New Jersey, Insurance Journal reports.
Florida Officials move to suspend Tampa’s University Village Retirement Home
The University Village retirement home may no longer be able to take on new residents after receiving two initial orders of suspension issued Tuesday by the Florida Office of Insurance Regulation. The Tampa Bay Times reports.
Workshop to help Okeechobee discharge-damaged businesses
Martin County and state agencies will have a free workshop on potential assistance for businesses hurt by the Lake Okeechobee discharges from 8:30-11 a.m. March 30 in the Wolf High-Technology Center at Indian River State College, 2400 S.E. Salerno Road, in Stuart. TCPalm.com reports.
Study shows St. Johns is healthiest county in Florida while nearby Duval ranks in bottom half
A report released by the Robert Wood Johnson Foundation and the University of Wisconsin uses variables such as access to health care, health behaviors and social factors like a county’s unemployment rate, Joe Daraskevich reports for the Florida Times-Union.
Rick Scott endorses Trump after big Florida Win
Gov. Rick Scott endorsed Donald Trump on Wednesday, one day after Trump’s lopsided win in Florida, telling fellow Republicans that it’s time to “come together.” Marc Caputo reports for Politico Florida.
Clues in Trump’s Florida domination about the general election
Donald Trump’s overwhelming victory in Tuesday’s Florida primary not only wrested away one of the primary calendar’s crown jewels from an increasingly staggering Republican presidential field, but it also underscored concerns among Democrats heading into the general election. Matt Dixon and Marc Caputo report for Politico Florida.
- Hillary Clinton wins 58 of 67 Florida counties in Democratic Primary
- In Florida, Professor predicts “Hate Election”
Scandal-Plagued Rivera mounting Legislative Comeback
Former Republican congressman David Rivera, who has survived separate federal and state criminal investigations, is trying yet again to get back into public office, Marc Caputo reports for Politico Florida.
Feds investigate Florida handling of Pesticide Case
Federal regulators are looking into whether Florida failed to properly investigate whether farmworkers sickened in a crop-dusting accident were told not to report it to authorities. The Associated Press’ Jason Dearen reports via the Lakeland Ledger.
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