Category: Florida News

Demotech, Inc. has affirmed the Financial Stability Rating® (FSR) of A, Exceptional, assigned to Florida Specialty Insurance Company based upon their development and implementation of a business plan that protects the interests of policyholders, producers, and regulators. http://markets.businessinsider.com/news/stocks/demotech-inc-affirms-financial-stability-rating-of-florida-specialty-insurance-company-based-on-its-action-plan-1019988899

Monroe County has estimated a preliminary cost of $93.3 million for Hurricane Irma-related expenses. The figure does not include the airports or mitigation, Insurance Journal reports. https://www.insurancejournal.com/news/southeast/2018/03/29/484753.htm

Get ready to pay more for flood insurance, NBC reports. http://www.nbc-2.com/story/37842289/flood-insurance-rates-climb-due-to-florida-natural-disasters

Florida’s Medicaid program has been rapped by auditors who questioned what the state got for millions of dollars spent, the Orlando Sentinel reports. State seeks changes in Medicaid program http://www.orlandosentinel.com/news/politics/political-pulse/os-state-audit-medicaid-20180330-story.html  

After failing to reach consensus on gambling issues during the regular legislative session that ended this month, House and Senate leaders are considering a special session to address a potential agreement with the Seminole Tribe of Florida.  THE NEWS SERVICE …

Scroll this interactive graphic from the Tampa Bay Times’ Langston Taylor to see what it would actually be like. http://www.tampabay.com/florida-politics/buzz/2018/03/30/daylight-saving-time-all-year-in-florida-scroll-this-to-see-what-it-would-be-like/

In less than 2 years industrial facilities dumped more pollution than allowed into Florida waters 270 times; that’s according to a new report from the Environment Florida Research & Policy Center called Troubled Waters, WNMF.com reports. http://www.wmnf.org/industry-dumping-pollution-florida-waterways/

The request comes after the company allowed the release of 50 million users’ personal data without their consent, the Tampa Bay Times’ Lawrence Mower reports via “The Buzz” blog. http://www.tampabay.com/florida-politics/buzz/2018/03/29/florida-attorney-general-wants-in-person-meeting-with-facebook/

FEMA expanded its reinsurance purchase this year, and is actively weighing whether to move even deeper into financial markets by tapping other kinds of securities — a decision that’s expected to be made in the coming weeks. https://www.politico.com/story/2018/03/29/as-congress-stalls-trump-quietly-overhauls-flood-program-491384

For a good handle on the magnitude of the potential litigation, think asbestos or other major environmental lability lawsuits, Insurance Journal’s Don Jergler writes. https://www.insurancejournal.com/news/national/2018/03/29/484908.htm