Capitol to Courthouse Florida Insurance Report – Tuesday, May 30, 2017

 

Hurricane Warning: Top-Rated Insurers Rarest in Florida, Riskiest States

With Hurricane Season two days away, the States with highest storm risk including Florida have the Region’s fewest Insurers that a Palm Beach Gardens-Based Ratings Company considers most financially sound.  The Palm Beach Post’s Charles Elmore reports for the “Protecting Your Pocket” blog.

 

Citing Fraud, Florida Insurers Raise Property Insurance Rates

Every year, the Florida Office of Insurance Regulation puts Florida-Based Property Insurance Companies through a “Stress Test” to see how they will hold up after a disaster.  Laura Layden reports for the Naples Daily News.

 

UPC Enters $2.8B Reinsurance Agreement

Homeowners’ Insurance Provider UPC Insurance, through its wholly owned Insurance Subsidiaries, entered into a $2.8 Billion Reinsurance Program with Private Reinsurers and with the Florida State Board of Administration.

 

Duty of Procuring a Superyacht’s Insurance Policy in Florida

The Court analysed the Claims against Marsh under Florida Law, as it found no Established Federal Maritime Law regarding an Insurance Broker’s Duties.  Super Yacht News reports.

 

FCCI Picks Former Florida Senator Lisa Carlton for Board

Carlton served in the Florida House of Representatives from 1994 to 1998 and in the Florida Senate from 1998 to 2008. She is the Co-Owner and Manager of Mabry Carlton Ranch Inc., a Sarasota County Agricultural Business with a Cow-Calf Operation and Citrus Groves.  The Florida Business Observer reports.

 

Allstate and Allstate Agencies Seek to Bring 346 Jobs to Florida

Of the 346 Sales Professionals Allstate is looking for in Florida, 64 will be Agency Owners and 26 will be Exclusive Financial Specialists, with the remaining 256 hired by those small business owners as Sales Professionals.

 

Atlantic Hurricane Season Starts Thursday. Be Glad it’s Not 1992

With hurricane Season starting Thursday, and expected to be busier than usual, National Hurricane Center Forecasters have a vastly better chance of predicting a storm’s course. Using Andrew as an Example, they took Data collected in 1992, compared it to 2016 Forecasts and came back with dramatic results.  The Miami Herald’s Jenny Staletovich reports.

·         Florida Insurance Commissioner David Altmaier Addresses Floridians (Video)

·         PCI’s Logan McFaddin:  Prepare Early for Hurricane Season

·         Jeff Atwater Offers Insurance Advice as Hurricane Season Opens

 

Stock Up On Disaster Preparedness Supplies June 2-4

June marks the start of Hurricane Season and a time for Floridians to stock up on qualifying Disaster Preparedness Supplies Exempt from Sales Tax.  The Destin Log reports.

 

Florida Leads the Nation in Drowning Deaths for Preschoolers

Florida had the Highest Drowning Rate in the Nation for the Under Four Age Group with 7.5 per 100,000 Population, according to 2013 Statistics from the Florida Department of Health. Orlando Rising reports.

 

4 Florida Counties Part of Liver Disease Cluster

People living in Areas with Significant Blue-Green Algae Blooms, including the Treasure Coast, are more likely to die from Nonalcoholic Liver Disease than those who don’t.  Tyler Treadway reports for the St. Augustine Record.

 

Rick Scott Still Mum on 2017-18 Budget Veto Plans

Governor Rick Scott hammered State Lawmakers over Reduced Funding for two of his top priorities, but once again declined to say whether he’ll Veto the Budget when it gets to his desk in the coming days.  Jenna Buzzacco-Foerster reports for FloridaPolitics.com.

·         All Hail the Veto King:  Rick Scott Closing in on Line-Item Record

 

Rick Scott Says He’s “Reviewing” Whether to Call Medical Marijuana Special Session

Governor Rick Scott did not close the door entirely on a Special Session on Medical Marijuana, telling Reporters his Office was reviewing his Options.  Jenna Buzzacco-Foerster reports for FloridaPolitics.com.

 

Too Early?  2018 Florida Governor’s Race is Well Underway

With Primaries still 15 months away and the General Election 17 months off in a State that has a history of upending early conventional wisdom, most Florida Voters haven’t begun to focus on the 2018 Governor’s Race.  The Palm Beach Post’s George Bennett reports.

 

Cocaine Comes Roaring Back to South Florida — and Then Some

Florida’s Customs and Border Protection says it had slightly fewer seizures but still confiscated 61 percent more Cocaine — nearly 9,500 Pounds — last year over the prior year.  Ryan Van Velzer reports for the Sun-Sentinel.

 

A Chilling Case of Child Marriage in Florida

Children 16 and under are still being Married in Florida at a rate of one every few days.  The Tampa Bay Times’ Alex Leary notes the New York Times story.

 

New Tennessee Law Aims to Further Enhance State’s Captive Industry

The 2017 Legislation, enacted as Public Chapter 354, further modernizes the Revised Tennessee Captive Insurance Act of 2011, which ignited Tennessee’s Competitive Captive Industry.  Insurance Journal reports.

 

 

 

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

 

 

 

 

 

 

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