Capitol to Courthouse Florida Insurance Report – Wednesday, September 28, 2016

 

Insurer Citizens Expects 65,000 Customers to Leave By End of 2016

Florida’s State-Run Insurer expects 65,000 of its Customers will switch to Private Competitors by the end of 2016, a major slowdown compared to the exodus of the past two years.  The Palm Beach Post’s Charles Elmore reports for the “Protecting Your Pocket” blog.

 

Citizens Insurance Braces For Third-Party Hermine Claims

Florida’s Property Insurer of last resort fears lingering damage from Hurricane Hermine — in the form of Third-Party Claims Officials and Usiness Leaders blame for escalating Premiums.  Michael Moline reports for FloridaPolitics.com.

 

Citizens letters would give policy takeout information

State-Backed Citizens Property Insurance intends to write letters that State Lawmakers want Consumers to receive when Policies are up for “Takeout” by Private Insurers.  THE NEWS SERVICE OF FLORIDA reports via News4Jax.com.

 

Citizens Reduces Scope of Planned Managed Repair Program

Officials of Florida’s Citizens Property Insurance are backing further away from last year’s Proposal to require Customers to use Pre-Approved Contractors for Damage Repairs.  The Sun-Sentinel’s Ron Hurtibise reports.

 

OIR Approves 14.5 Percent Premium Hike for Workers Comp, But Delays Implementation

The Florida Office of Insurance Regulation approved a Double-Digit Premium Increase for Workers Compensation Rates, but Commissioner David Altmaier shielded many Businesses from immediately having to pay higher Premiums by pushing the Effective Date of the hike back to December.  Christine Sexton reports for Politico Florida.

• PCI’s McFaddin:  Rate Hike Highlights Need to Enhance Florida Workers’ Comp System
• Florida Business Up In Arms About 14.5 Percent Workers’ Comp Rate Hike

 

Mosaic Official Says Mulberry Sinkhole Could Be Much Deeper Than First Reported

The Massive Sinkhole that opened up last month at a Mosaic Phosphate Processing Plant near the Hillsborough-Polk County Line may be even deeper than previously thought, the Tampa Bay Times’ Craig Pittman reports.

 

Proposed Trauma Center Rule Again Draws Criticism From Florida Hospitals

University of Florida Health Jacksonville and other Hospitals are once again criticizing the State for not listening to their concerns as New Trauma Center Rules are crafted.  Tia Mitchell reports for the Florida Times-Union.

 

Travel Insurance Provider Finds Fewer Planning to Visit Florida

The Travel Insurance Provider Allianz Global Assistance says it found that the number of Americans planning to travel to Florida during the peak Fall and Winter Season has dropped by almost 15 percent, the Sarasota Herald-Tribune reports.

 

 

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