Capitol to Courthouse Florida Insurance Report – Tuesday, May 24, 2016

 

Citizens Slashes Reinsurance Limit

Florida Citizens Property Insurance plans to reduce its reinsurance cover in place for the 2016 hurricane season by more than a third from last year, sapping demand in the Sunshine State.

 

Regulators, State Farm Tangle Over Policy Information

Insurance regulators are preparing for an appeals court battle with State Farm Florida after a circuit judge blocked the release of information about the company’s property-insurance policies.  THE NEWS SERVICE OF FLORIDA reports via SayfieReview.com.

  

Two Florida Carriers Launch Debut Cat Bonds

Florida insurers Security First and United Property and Casualty both launched first-time cat bond issuances last week, Trading Risk reported.

  

Lauderdale Floods Changing Seawall Height Regulations

A proposed Ft. Lauderdale ordinance wouldn’t require builders to add seawalls, but it would mitigate flooding by putting the onus on property owners to prevent tidal waters from leaving their properties and flooding neighbors, the Daily Business Review’s Samantha Joseph reports.

 

Getting to the Legislative Session’s Bottom Line

Florida economists will determine whether approved tax cuts will lead to more spending on taxable items and more revenue for the state, the Tallahassee Democrat’s James Call reports.

  

Governor Rick Scott Shakes up Office Staff

After a baptism by fire into the world of state agency communications, former Florida Department of Corrections spokesman McKinley Lewis moved his office across South Monroe Street Monday to a seat in the Executive Office of Governor Rick Scott.  Arek Sarkissian reports via the Tallahassee Democrat.

 

Florida Leaders to Discuss Helping Students go From Degrees to Jobs

Florida’s government, business and education leaders will gather in Orlando this week to talk about how best to turn academic degrees into jobs, THE NEWS SERVICE OF FLORIDA reports via WWSB-TV.

 

More Indian River Lagoon Evidence:  The Enemy Is Us

After years of allowing virtually all the blame for Indian River Lagoon degradation to go to Lake Okeechobee discharges, suddenly state authorities acknowledge that millions of gallons of waste is pumped directly from municipal sewage plants into the lagoon system.  SunshineStateNews.com Publisher Nancy Smith expounds on the problem.

  

Texas Regulators Seek Data on Residential Property Hail Litigation

The Texas Department of Insurance has issued a data call to gather information about the cost of weather-related residential property claims and the incidence of litigation of these claims, Insurance Journal reports.

 

 

 

Click here to follow Colodny Fass on Twitter (@ColodnyFassLaw)

 

 

 

 

To unsubscribe from this newsletter, please send an e-mail to colodnyfassnews@gmail.com.