Capitol to Courthouse Florida Insurance Report – Wednesday, September 07, 2016

 

Florida Approves Nearly 70K Citizens Policies for November Take-Outs

The Florida Office of Insurance Regulation has approved various Insurers to participate in the November Citizens Property Insurance Corp. Take-Out Period.  The total number of Policies approved is 69,746, Insurance Journal reports.

 

No Credit Implications For Florida State Run Insurers From Hurricane Hermine, Fitch Says

Hurricane Hermine, the first Hurricane to make landfall in Florida in 11 years, is not likely to have a significant impact on the financial condition of the Florida Hurricane Catastrophe Fund or Citizens’ Property Insurance (Citizens), according to Fitch Ratings. 

 

The Surprising Reason Hurricane Hermine Claims Could Cost Insurers Much More

In the wake of serious damage from Hurricane Hermine, inflated AOB Claims are expected to make the storm an expensive one for Florida Property Insurers, Caitlin Bronson reports for Insurance Business America.

  

Scott Continues Push For Hurricane Recovery

The State Tuesday continued to pour resources into Leon County as Governor Rick Scott persisted in questioning Hurricane Hermine recovery efforts directed by Local Officials.  THE NEWS SERVICE OF FLORIDA reports via SayfieReview.com.

• Rick Scott: Anyone with ideas to restore power is welcome
• Florida still has more than 18,000 customers without power

 

Florida Senator Drafting Bill That Could Recognize Bitcoin as Money

Senator Dorothy Hukill says that while in the early stages, the draft legislation will seek to balance protections for consumers and startups.   Stan Higgins reports for CoinDesk.com.

  

Red-Light Camera Refunds at Issue in Court Fight

A Federal Appeals Court has refused to block part of a Class-Action Lawsuit that seeks to force Florida Local Governments to refund money to motorists who were cited for running red lights after being recorded by traffic cameras.  THE NEWS SERVICE OF FLORIDA’s Jim Saunders reports via SayfieReview.com.

  

1,200 South Florida Students in Limbo After ITT Abruptly Shuts Down Colleges

The Sun-Sentinel reports that ITT Technical Institute, a National Chain of For-Profit Vocational Colleges that provided training in such areas as health and technology, abruptly closed Tuesday, leaving 1,200 South Florida students in limbo.

 

Why Advocates Want Medical Marijuana in Florida, But Not How it is in California

Unlike California’s loosely regulated approach, Florida’s Medical Marijuana proponents envision a tightly controlled industry, the Palm Beach Post’s Jeff Ostrowski reports.

 

 

 

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