Capitol to Courthouse Florida Insurance Report – Tuesday, September 06, 2016
Sep 6, 2016
Florida Governor Cancels Zika Trip to Washington After Storm
Florida Governor Rick Scott has canceled a trip to Washington, where he was to meet with Congressional Leaders about funding for the Zika Virus.
See Price Gouging Post-Hurricane? Call AG’s Hotline and Report It
The Florida Attorney General’s Office issued a statement Thursday encouraging residents to call the Office Hotline if they believe businesses are illegally raising prices on necessary commodities post-Hermine. Nancy Smith reports for SunshineStateNews.com.
Is Florida Ready for Claims Resulting From a Major Hurricane?
Many new Insurers have outsourced most (if not all) of their operational functions (such as claims & policy administration services, accounting & reporting, customer service centers, etc.) to third-party vendors because they don’t want to initially build an expensive operational infrastructure. Yong Gilroy writes for Claims Journal.
11 South Floridians Charged in $175M Insurance Fraud
The U.S. Attorney’s Office for the Southern District of Florida announced the charges Thursday, detailing a complex alleged scheme built on prescription manufacturing, misrepresentations to health insurance providers, kickbacks and more. Nina Lincoff reports for the South Florida Business Journal.
After the Primaries, Few Close Congressional Races in Florida
With the Primaries over, Florida Voters can look ahead to the Congressional Elections in November. There are plenty of new faces headed to Congress after redistricting and a wave of retirements. SunshineStateNews.com reports.
Rise in Unaffiliated Latino Voters Upends Florida Politics for GOP
The fastest growing Voting Bloc in Florida is known as NPA for “No Party Affiliation,” and those Voters now account for 26 percent of the Sunshine State Electorate, according to data collected by the University of South Florida in Tampa. Kerry Eleveld reports for the Daily Kos.
NAIC Re-Accredits Alabama Department of Insurance for 5-Year Term
The Alabama Department of Insurance announced Aug. 31 that it has been re-accredited by the National Association of Insurance Commissioners for a 5-Year Term. The ALDOI received its first NAIC accreditation in 1995, Insurance Journal reports.
UK Risks Losing Lloyd’s & London Market Insurers on Brexit, Lloyd’s Chairman Says
Lloyd’s of London and other Insurers will be forced to move part of their businesses to the European Union if they fail to access the Single Market following Britain’s decision in June to leave the Bloc, Chairman John Nelson said on Monday. Bloomberg reports via Insurance Journal.
SpaceX Keeps Insurance Terms Secret
SpaceX said in an email to Reuters that it does not disclose Contract or Insurance Terms. The Company is not public, and it has not said what insurance it had for the Rocket or to cover launch pad damages beyond what was required by the Federal Aviation Administration, which oversees Commercial U.S. Launches, for liability and damage to government property, Insurance Journal reports.
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