Capitol to Courthouse Florida Insurance Report – Tuesday, August 15, 2017

 

People’s Trust Insurance To Start Checking Customers’ Credit

Deerfield Beach-Based People’s Trust Insurance Co. plans to start running Credit Checks on New and Renewing Customers.  The Sun-Sentinel’s Ron Hurtibise reports.

 

State Holds August 23 Hearing To Consider Florida Citizens Property Insurance Rate Hikes

State Insurance Regulators have scheduled an August 23 Hearing to consider Proposed Rate Hikes by Citizens Property Insurance.  Malena Carollo reports for the Tampa Bay Times.

·         Fed Up With Citizens Rate Hikes? Email or Attend August 23 Hearing

 

Senator Hukill Announces Citizens Property Insurance August 22 Field Office Hours

Senator Hukill is pleased to announce that Citizens Property Insurance Corporation will be holding “Office Hours” in her Cocoa Village Office on Tuesday, August 22, 2017 from 1:30 p.m. to 3:30 p.m.  The Florida Senate reports.

 

Comment Period Ending For Offshore Drilling

Just a couple of days are left to Comment on a Plan by the Trump Administration to Undo Obama-Era Protections for the Atlantic and Arctic Oceans.  Many Florida Coastal Residents and Wildlife Advocates are concerned.  The Public News Service reports.

 

Florida Questions Loom for National Flood Insurance Program

Now firmly in the heart of Hurricane Season and less than two months away from the Anniversary of Hurricane Matthew’s visit to St. Johns County, Property Owners who need Flood Insurance are about to be thrown into a situation of uncertainty.  Stuart Korfhage reports for the St. Augustine Record.

 

Jacksonville To Eliminate Red-Light Cameras

Statistics kept since Jacksonville Installed the Cameras in 2012 at 26 Intersections have not shown that they reduced Crashes. Statewide, Crashes actually Increased at Intersections with Cameras.  The Associated Press reports via Insurance Journal.

 

Broward Commissioners To Review Airport Security Report Behind Closed Doors

Broward County Commissioners will hold a Closed-Door Meeting Tuesday Review a Consultant’s Report about the January 6 Mass Shooting at the Fort Lauderdale Airport but it is unclear when the Report will be Released to the Public.  The Miami Herald’s Amy Sherman reports via the “Naked Politics” blog.

 

Direct Primary Care Bill Filed by Senator Tom Lee

Senator Tom Lee Announced today the Filing of Senate Bill 80, which is designed to Increase Patient Access to quality Primary Care by establishing an Alternative to the Traditional Third Party, Fee-for-Service Insurance System.  The Florida Senate reports.

 

Florida Ranks Among States With Highest Hate Group Numbers

The Miami Herald Reports that according to the Southern Poverty Law Center, there are more than 60 Active Hate Groups in Florida.  The Associated Press advises.

·         White Nationalist Richard Spencer Scheduled to Speak at UF Next Month

 

Florida Budget Aided By Seminoles Revenue

State Officials are meeting Tuesday to Draw Up New Forecasts to Predict how much the State will Collect in Taxes.  Legislators will use the Forecasts when they Return in January 2018.  The Associated Press reports via FloridaPolitics.com.

 

Florida Supreme Court Says Yes to First Execution in Months

The Execution was put on Hold after the U.S. Supreme Court found the State’s Death Penalty Sentencing Law Unconstitutional.   The Associated Press reports via the Gainesville Sun.

 

Blockchain Used as Settlement Mechanism for Cat Bond with Parametric Trigger

Financial Markets are showing some signs of volatility these days after exceptionally Low Indicators since the Start of the 2017.  Bloomberg’s Nathaniel Bullard reports via Insurance Journal.

 

Fitch:  Bermuda Insurers Underwriting Deteriorates On Reinsurance Slip

Operating Return on Equity Declined to 7.4 percent in 2016 for a Group of Large Organizations with substantial Bermuda-Based Operations as Underwriting and Investment Returns Weakened.  According to a new Fitch Ratings report.

 

 

 

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