Capitol to Courthouse Florida Insurance Report – Tuesday, September 13, 2016
Sep 13, 2016
Florida’s First Hurricane in 11 Years “Could Have Been a Lot Worse” for Insurers
While Preliminary Damage Estimates and Claims are still trickling in from Hurricane Hermine, Florida’s first named Hurricane since 2005, the consensus from the Insurance Industry is it could have been a lot worse, Insurance Journal’s Amy O’Connor reports.
Scott Offers Short-Term, Interest-Free Loans to Hurricane Damaged Businesses
Governor Rick Scott activated Florida’s Small Business Emergency Bridge Loan Program through the Department of Economic Opportunity on Tuesday. Nancy Smith reports for SunshineStateNews.com.
Rick Scott Taps 5 as Judges of Compensation Claims
Governor Rick Scott appointed five people Monday to be the newest Judges of Compensation Claims, who handle disputes over Workers’ Compensation, FloridaPolitics.com reports.
Three Leading Florida Supreme Court Contenders Named Already
Justice James E.C. Perry’s Mandatory Retirement from the Florida Supreme Court will give conservative Governor Rick Scott his first opportunity in nearly seven years to make an appointment to the High Court. Nancy Smith reports for SunshineStateNews.com.
Florida Lawmakers Get Grim Budget News For Next Year
Florida is likely to basically break even next year in terms of its State Budget, Lawmakers heard Monday. Jim Rosica reports for FloridaPolitics.com.
- Incoming Florida House Speaker ready to cut State Spending immediately
- Legislative Battle Lines set amid tighter Budget Forecast
Rick Scott Names Board Members for Enterprise Florida
Governor Rick Scott made two appointments and one re-appointment last week to the Board of Enterprise Florida, the State’s Public-Private Economic Development Organization. FloridaPolitics.com reports.
Florida Voting Experts Outraged by Plan for Early Projections of Winners
An effort to project election winners and losers in Florida and other Key States while people are still Voting in November is provoking criticism and questions from experts across the State. The Tampa Bay Times’ Steve Bousquet reports.
Jack Nicklaus, Partners Pay $400K to Settle Charges They Filled Wetlands at Golf Club
Golf Legend Jack Nicklaus has given up a legal battle over Federal Accusations that his Companies violated the Clean Water Act by disturbing Environmentally Protected Wetlands in The Bear’s Club, a private golf course community he built 17 years ago. Francisco Alvarado reports for the FloridaBulldog.org.
Governor Rick Scott’s Office Gets Nearly $153,000 Makeover
A spokeswoman for the Department of Management Services, said the renovations were ordered after a security review by Law Enforcement. The Tampa Bay Times’ Amy Hollyfield reports via “The Buzz” blog.
Court Smacks Down California Regulators Over Broker/Agent Ruling
An Orange County, California Court has given the State’s Department of Insurance a stunning smack down in a long-running case about the “Broker Fees” charged by some Insurance Agents. Right Street’s Steven Greenhut blogs for Insurance Journal.
Judge Warns Lawyers: You Pay If Claims Found Frivolous
Lawyers who defend Companies in Product Liability Cases are celebrating an unusual order by a Federal Judge in Columbus, Georgia. In it, he told Attorneys for the other side—the ones who represent injured consumers—that he was going to crack down on Frivolous Claims, and that the penalty could come from their wallet, Bloomberg’s Paul Barrett reports via Insurance Journal.
With about 70% of the Dodd-Frank Act finalized, Regulators are turning to new areas of focus, including “Shadow Banking” and Asset Management. Bloomberg Intelligence Analysts Nathan Dean and Ben Elliott explain.
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