Capitol to Courthouse Florida Insurance Report – Wednesday, December 06, 2017
Dec 6, 2017
Florida Senate Eyes Possible No-Fault Insurance Repeal
A key Senate Committee next month will take up a Proposal that would replace the State’s No-Fault Auto Insurance System, while a similar Bill has already sped to the House Floor. THE NEWS SERVICE OF FLORIDA’s Jim Turner reports via SunshineStateNews.com.
· Florida Drivers Still Pay Twice for Health Insurance in Senate Plan
Florida’s Irma Loss Estimates Keep Climbing
Estimated Insured Losses from Hurricane Irma have reached $6.3 Billion as the number of Claims has topped 850,000, according to information released Monday by the State Office of Insurance Regulation. THE NEWS SERVICE OF FLORIDA reports via the Gainesville Sun.
Florida Supreme Court Rejects Football Workers’ Comp Case
A divided Florida Supreme Court on Tuesday refused to take up a dispute about whether a former Arena Football League Player should receive Workers’ Compensation Insurance Benefits because of injuries suffered while trying to regain a roster spot with the Orlando Predators. THE NEWS SERVICE OF FLORIDA reports via FloridaPolitics.com.
Tougher Texting-While-Driving Law Gains Florida House Speaker’s Support
Corcoran calls distracted driving death toll “Staggering”. The Tampa Bay Times’ Steve Bousquet reports.
Florida First Responders, Families Push For Passage Of PTSD Workers’ Comp Bill
Florida First Responders and their Families were in Tallahassee Tuesday to push for a stalled Bill that would allow Workers’ Compensation Claims for Post-Traumatic Stress Disorder. Shannon Butler reports for WFTV.com.
HCI Group Board Authorizes $20 Million Stock Repurchase Program For 2018
The Program permits the Company to periodically Repurchase Shares for cash in open market Purchases, block transactions and privately negotiated transactions in accordance with applicable Federal Securities Laws.
FEMA to Collect on NFIP Reinsurance, Expects Full $1.024bn
The U.S. Federal Emergency Management Agency has begun the process of collecting on its 2017 Reinsurance Program, after Claims from Hurricane Harvey’s flooding after surpassing its retention due to the impact of the storm and anticipates recovering the full $1.024 Billion from its 25 Reinsurers. Artemis.bm reports.
Harris County OKs Stricter Development Rules Aimed At Reducing Flooding
Spurred by Hurricane Harvey’s widespread devastation, the New Rules mandate higher elevations. Mihir Zaveri reports for the Houston Chronicle.
Wells Fargo Facing California Insurance License Discipline
The California Department of Insurance is alleging that poor oversight of Incentive Compensation Program led to License Violations.
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