Category: Florida News
May 21, 2018
The Florida Hurricane Catastrophe Fund has reserves enough to easily cover its Hurricane Irma liabilities — as much as $300 million in excess of its $17 billion statutory liability limit. But what happens if a major storm — or a …
May 21, 2018
Gov. Scott announced this week that the Department of Economic Opportunity had submitted a plan that would see Florida use $616 million in federal disaster recovery funds to build new affordable housing and provide grants to severely impacted businesses. “Even …
May 21, 2018
Hurricane season is just around the corner, and the City of Tallahassee is encouraging residents to learn and prepare at a June 2 event. The fourth annual “Build Your Bucket” disaster preparedness expo will run from 9 a.m. to noon …
May 21, 2018
The Florida Hurricane Catastrophe Fund turns 25 this year. The Legislature created the official reinsurance pool after Hurricane Andrew caused more than $10 billion in residential losses — vastly more than was thought possible. Insurers had collected a mere $1 …
May 21, 2018
Chief Financial Officer Jimmy Patronis is trying to bring the public into his campaign to force disclosure of lobbying targeting Citizens Property Insurance Corp., Florida’s property insurer of last resort. Patronis wrote to Citizens executives earlier this month, serving notice of his …
May 10, 2018
Expansion, greater diversification and focus away from Florida may have helped Heritage at its latest reinsurance renewal, which the firm says it has achieved at attractive pricing. Artemis.bm reports. http://www.artemis.bm/blog/2018/05/10/heritage-said-reinsurance-costs-rise-just-1-as-it-completes-renewal/
May 10, 2018
“Sovereign immunity,” a legal fiction as outdated as the divine right of royalty, explains the harsh warning that the families of Marjory Stoneman Douglas High School have been hearing from the Broward School District’s insurance company. The Sun-Sentinel Editorial Board …
May 10, 2018
California, Texas, Florida and New York suffered the greatest financial losses due to cybercrime in 2017, according to the FBI’s annual Internet Crime Report. State Scoop’s Benjamin Freed has the story. https://statescoop.com/here-are-the-top-10-states-for-cybercrimes-in-2017
May 10, 2018
The National Transportation Safety Board is sending a team of four to investigate a crash that left two teenagers dead and a third injured involving a battery-powered Tesla near Fort Lauderdale Beach Tuesday night, the agency announced Wednesday. WPLG-TV reports. …
May 10, 2018
No letters, numbers or decals on the tag can be covered, period, the Miami Herald’s David Ovalle reports. http://www.miamiherald.com/news/local/community/miami-dade/article210801539.html