Capitol to Courthouse Florida Insurance Report – Thursday, September 22, 2016
Sep 22, 2016
Tallahassee Mayor Andrew Gillum Responds to Rick Scott’s Criticism About Hurricane Recovery
Power Outages in the City have led to Open Complaints from Governor Rick Scott about the speed of repairs and restoration following the storm. WXTL-TV reports.
Bill Nelson Seconds Rick Scott’s Call For Hermine Disaster Declaration
U.S. Senator Bill Nelson has joined Governor Rick Scott’s Appeal to the Obama Administration to declare much of Florida a Disaster Zone.
Rick Scott Appoints Former Zurich Executive as the Secretary of Elder Affairs
Bragg served as the Executive Director of the Terrorism Risk Insurance Program at the U.S. Department of Treasury, Senior Vice President for Zurich Risk Management and as the Administrator for the National Flood Insurance Plan at the Federal Emergency Management Agency, Jenna Buzzacco-Foerster reports for FloridaPolitics.com.
Insurance Hike for the Keys Won’t Be Taken Lightly
Keys Residents faced dramatic increases in Windstorm Coverage through Citizens, despite few claims having been filed. Analysis of premiums collected versus claims paid demonstrated the increases were not justified, Fair Insurance Rates in Monroe President Mel Montagne writes in FLKeysNews.com.
Proposed Workers’ Comp Rate Hike Created Outside the Sunshine State
The Florida Office of Insurance Regulation is currently considering a Proposal by a Secretive Organization that would hike Workers’ Compensation Rates by almost 20 percent, yet no one really knows exactly how they arrived at that number. This process must be changed, First Amendment Foundation President Barbara Peterson says via the Tallahassee Democrat.
Florida’s Orchid Underwriters Expands Commercial Lines Programs into North, South Carolina
Orchid Underwriters, a Specialty Underwriter of excess & surplus insurance focusing on coastal properties, is expanding its Commercial Lines Products into North Carolina and South Carolina, Insurance Journal reports.
Cayman Captive Insurance Visits ASHRM 2016, Orlando, Florida
A 30- Strong Cayman Island’s Delegation, will be heading to Orlando, Florida.
Florida Residents Want Water Tested After Leak of 200M Gallons of Fertilizer
The Sinkhole allowed the water to migrate into The Floridan Aquifer, a major source of drinking water in the State. It’s one of the highest producing Aquifers in the world and underlies all of Florida and Southern Alabama, Georgia, and South Carolina.
Florida Ranks 12th with $6.5 Billion in Unfunded Debt, Accounting Watchdog Says
Florida is known for its Huge Sinkholes, but its $6.5 Billion in Unfunded Debt actually makes it the second smallest Financial “Sinkhole” among the 50 States, according to a new Report form a Government Finance Watchdog. William Patrick reports for FloridaWatchdog.org.
Study: Florida Could Have 33 Million Residents by 2070
Florida could grow to more than 33 Million Residents by 2070, and the percentage of the State that is developed could jump from less than 20 percent to 33 percent, according to a new study presented Wednesday. The Associated Press reports via FloridaPolitics.com.
Rick Scott Assigns Special Prosecutor in Case Involving Keith Perry
Governor Rick Scott has assigned a Special Prosecutor to a Battery and Trespassing Case involving State Representative Keith Perry. The decision comes about a week after the Victim withdrew his Complaint with Gainesville Police, Jenna Buzzacco-Foerster reports for FloridaPolitics.com.
With Support From Feds, Governor Rick Scott and Cabinet Agree to Release Mob Informer
In a unique and sensational case, Governor Rick Scott and the Cabinet on Wednesday ended the long prison sentence of a robber-turned-mob informer whose testimony, Prosecutors say, helped break up the Gambino Crime Family in Florida and New York. The Tampa Bay Times’ Steve Bousquet reports.
Adam Putnam No Fan of $75 Million Capitol Upgrade
Putnam, who acknowledged he was upset to first read about the work in the Tallahassee Democrat Newspaper, said he expects Cost Overruns and he would like to see Options, such as New Off-Site, Above-Ground Parking Decks, that were rejected. The Tampa Bay Times’ Michael Van Sickler reports via “The Buzz” blog.
Worst-Case Florida Citrus Scenarios Explored
Florida Orange Production could sink by another two-thirds in the next 10 years if better solutions to the Fatal Bacterial Disease Citrus Greening don’t arise. Kevin Bouffard reports for the Lakeland Ledger.
Lemonade Starts Insurance Sales in New York a Year After Founding
The New York-Based Company, which its Founders promise will reinvent the Insurance Business Model and make insurance a “Delightful” experience for Consumers, is now selling Homeowners Policies in the Empire State beginning at $35 per month, and Renters Coverage that starts at $5 per month, Insurance Journal reports.
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