Category: Florida Insurance and Political Headlines

Congress extended the nation’s flood-insurance program through July 31 as part of a federal spending bill that was passed in the Senate late Thursday night.  Keith Magill reports for Houma Today via the PCI SmartBrief. http://www.houmatoday.com/news/20180322/flood-insurance-deadline-extended

Legislation in the House would require the Financial Stability Oversight Council to tell companies the basis of a potential systemic-risk designation and allow them to address the issues the FSOC has outlined.  Financial Regulation News reports via the PCI SmartBrief. …

P 88 would have put several rights — from requiring safe and comfortable facilities to making it easier to sue in cases alleging neglect or abuse — in the state constitution through the Constitution Revision Commission.  Elizabeth Koh reports for the Tampa Bay …

The case, filed last week in Leon County circuit court, asks a judge to certify a class action and order “full compensation” for what the plaintiffs’ attorneys estimate are “tens of thousands, or more” Floridians who own bump stocks or …

A proposed constitutional amendment to give equal rights to crime victims won preliminary approval from the full Constitution Revision Commission on Monday, Jim Rosica reports for FloridaPolitics.com. http://floridapolitics.com/archives/259267-marsys-law-wins-initial-approval

Florida received $2.8 million of last year’s $47.1 million nationwide budget for the program. Of the money Florida received, $260,000 funded 16 counties in north central Florida, from Hernando up to Hamilton.  Ramsey Touchberry reports for WUFT.org. https://www.wuft.org/news/2018/03/21/194780/

This week Governor Rick Scott signed SB 568, which expands the Do Not Call list to include direct-to-voicemail sales calls.  The Palm Beach Post’s Charles Elmore reports for the “Protecting Your Pocket” blog. http://protectingyourpocket.blog.palmbeachpost.com/2018/03/21/ringless-voicemail-florida-breaks-ground-with-new-law/

According to annual reports recently filed by 15 major U.S. insurers, natural disasters in 2017 have so far cost the industry at least $14.5 billion, Kyla Mandel reports for ThinkProgress.org. https://thinkprogress.org/insurance-companies-lose-billions-hurricanes-wildfires-3d70c86782a2/

The insurance, which is backed by XL Catlin, covers expenses tied to shootings in places such as office buildings and concert halls, and is increasingly gaining traction with schools.  Reuters’ Noor Zainab Hussain and Suzanne Barlyn report via Insurance Journal. https://www.insurancejournal.com/news/national/2018/03/21/483990.htm 

The negligence lawsuit seeks unspecified damages from the entities involved in building the bridge. They include Munilla Construction Management and FIGG Bridge Engineers.  The Associated Press report. https://apnews.com/4528e5de04c04aae9116ffac39bc2e5b/The-Latest:-1st-lawsuit-filed-after-Florida-bridge-collapse