Category: Florida Insurance and Political Headlines

U.S. Representative Crist, D-St. Petersburg, has already raised more than $2.6 million in pursuit of a second term in Congress  — but this is the week it becomes official.  The Palm Beach Post’s George Bennett reports for the “Post on …

Florida does not have the same kind of federal restrictions that are supposed to limit contact and coordination between campaigns and other groups. Campaigns are allowed to work in tandem with committees regarding ads.   Gary Fineout blogs on “The Fine …

While new tech tools can be beneficial, insurers have also been caught using “price optimization,” now outlawed in 16 states. Insurers mined customer data and tested incremental price increases to figure out which policyholders would switch to another carrier, Ed …

BuildFax, a provider of property condition and history insights, has found that there has been a 110.6% increase in residential roof remodels in Florida over the last 10 years, which has not been considered in recent reinsurance negotiations and catastrophe …

Florida’s Citizens Property Insurance Corporation Board of Governors will meet on the State-run insurer’s 2018 Risk Transfer Program, among other topics on May 8, 2018 at 3 p.m. (ET), Colodny Fass reports. http://www.browardbusinesslawyer.com/floridas-citizens-property-insurance-board-meet-risk-transfer-program-may-8/

A Florida federal judge on Wednesday dismissed claims that Westchester Fire Insurance Co. must pay building contractors for money lost over the installation of defective Chinese drywall, saying Westchester’s policy was only triggered by court-ordered judgments.  Law360.com reports. https://www.law360.com/florida/articles/1037337/insurer-needn-t-cover-contractors-in-chinese-drywall-suit

The looming impacts of climate change are increasingly raising questions about the future of Miami’s real estate, particularly from residents who wonder what will happen to their property as the sea level rises.  The Miami Herald’s Joey Flechas reports. http://www.miamiherald.com/news/local/community/miami-dade/article209710464.html

There are several reasons for Florida’s building inspector shortage, including what might be the toughest licensing requirements in the nation, the Tampa Bay Times explains. http://www.tampabay.com/news/business/realestate/Cities-turn-to-private-inspectors-as-construction-booms-and-problems-follow_167625400

More than 1,800 people have been removed from Florida’s state-employee health insurance program, THE NEWS SERVICE OF FLORIDA reports via FloridaPolitics.com. http://floridapolitics.com/archives/262236-state-workers-hand-over-papers-for-health-coverage

The president and owner of a Florida pharmacy that was at the center of a massive compounding pharmacy fraud scheme, which impacted private insurance companies, Medicare and TRICARE, was sentenced, Florida Trend reports. http://www.floridatrend.com/article/24433/owner-of-florida-pharmacy-sentenced-to-15-years-in-prison-for-100-million-compounding-pharmacy-fraud-scheme-press-release