Capitol to Courthouse Florida Insurance Report – Wednesday, January 18, 2017

 

Zoraida Investments Claims Ark Royal Insurance Wrongfully Refuses To Pay Claim

A Florida Company alleges an Insurer has not paid a Claim it submitted for Water Damage.   Jenie Mallari-Torres reports for the Florida Record.

 

South Florida Doctor Among “8 Worst Insurance Criminals” of 2016

Fernando Mendez-Villamil of Miami, 49, was Sentenced in July to 12 years in Prison and ordered to repay $50 Million for charges related to Prescriptions that defrauded payers including Federal Agencies.  Charles Elmore reports for the Palm Beach Post’s “Protecting Your Pocket” blog.

 

Florida Health Officials Begin Medical Marijuana Rules Process

The Department of Health published proposed Rules Tuesday and announced that Public Hearings will be held in five Cities between February 6 and February 9.

·         New Medical Marijuana Rules Draw Fire

·         Six Public Hearings Planned Statewide

 

Florida Supreme Court Rejects Teachers’ Union Appeal to Challenge Tax Credit Voucher Program

Florida’s Teachers Union struck out on its last-ditch effort to dismantle Florida’s Tax Credit Scholarship Program today as the Florida Supreme Court rejected its Appeal for Legal Standing to challenge the Voucher-Like Program that finances students from low-performing schools to attend private schools.   Mary Ellen Klas reports for the Tampa Bay Times’ “The Buzz” blog.

 

Health Care Regulation Debate Getting Refueled

Florida Lawmakers could be preparing for a Renewed Debate about easing Regulations in the State’s Health-Care Industry.  THE NEWS SERVICE OF FLORIDA’s Jim Saunders reports via SayfieReview.com.

 

David Simmons Weighing Florida Attorney General, Congressional Runs

While giving his Blessing to State Representative Jason Brodeur to run for his Current Post, Florida Senator David Simmons says he’s weighing his options to go after the Florida Attorney General’s Post, Florida’s 7th Congressional District Seat, which Democrats just flipped, or staying full-time with his growing Law Firm.  Scott Powers reports for FloridaPolitics.com.

 

Denise Grimsley Eyeing Agriculture Commissioner Run in 2018

Add State Senator Denise Grimsley to the growing List of Florida Politicos thinking about 2018.  Peter Schorsch reports for FloridaPolitics.com.

 

NAIC Names 2017 Committee Leadership

The National Association of Insurance Commissioners has named its 2017 Committee Chairs and Vice Chairs.

 

Mississippi House Passes Bill to Enforce Mandatory Auto Insurance Requirement

Representatives Voted 82-33 on January 11 to approve House Bill 319, sending it to the Senate for more work.  Insurance Journal’s Amy O’Connor reports.

 

California Insurance Commissioner Discloses Insurers’ Carbon Investments Facing Climate Risk

Today Insurance Commissioner Dave Jones announced the results from his Climate Risk Carbon Initiative, which required Insurance Companies with $100 Million in Annual Premium doing business in California to disclose Investments in Fossil Fuels and asked all Insurance Companies doing business in California to divest from Investments in Thermal Coal.

 

North Carolina Rate Bureau Withdraws Increase Request

North Carolina Insurance Commissioner Mike Causey said Tuesday that the North Carolina Rate Bureau has voluntarily withdrawn its request for an average 19.6 percent rate average for dwelling insurance in the State.  JournalNow.com reports.

 

Texas Notice of Annual, Quarterly, and Supplemental Filing Checklists

To comply with 28 Texas Administrative Code § 7.68(s), the Texas Department of Insurance is providing Notice in the Texas Register of the Annual, Quarterly, and Supplemental Filing Checklists that reference the Latest Editions of the Annual Statement, Quarterly Statement, Forms, and Instructions adopted by the NAIC and the Texas-Specific Filing Forms and Instructions.

 

Blockchain Could Save Investment Banks up to $12 Billion a Year: Accenture

Blockchain Technology could help the World’s Largest Investment Banks cut their Infrastructure Costs by between $8 to $12 Billion a year by 2025, according to a report by Accenture.  Anna Irrera and Jemima Kelly report for Reuters.

 

 

 

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