Category: Florida News

Lawmakers continued negotiations Wednesday on a new $87 billion-plus state budget, after reaching agreement on several major issues, including a funding plan for public schools.  THE NEWS SERVICE OF FLORIDA’s Lloyd Dunkelberger reports via SunshineStateNews.com. http://sunshinestatenews.com/story/house-and-senate-agree-funding-plan-public-schools

Though he has spent his entire Tallahassee career in the minority party, Abruzzo gained a reputation for being able to get legislation passed in the Republican-controlled Legislature, the Palm Beach Post reports. http://www.palmbeachpost.com/news/state–regional-govt–politics/democrat-joseph-abruzzo-will-not-seek-election-state-house-seat/1TomliREvg4jeRpQnCaMXK/

Corps officials believed that a storm that could spill into homes would be so rare and irregular that it did not necessitate retrofitting the dams to avoid the potential flooding and litigation, despite mounting evidence that the dams increasingly were …

Flood risk is one of the most severe natural hazards in the United States, yet one of the least well-managed, National Underwriter’s Matt Nielsen reports for PropertyCasualty360.com. https://www.propertycasualty360.com/2018/02/28/tackling-the-u-s-flood-insurance-challenge/?slreturn=20180201144048

Aon plc announced that Dominic Christian has been appointed as global chairman of Aon Benfield. At the same time, Julie Page has been promoted to chief executive officer of Aon UK Ltd., subject to regulatory approval, Insurance Journal reports. https://www.insurancejournal.com/news/international/2018/03/01/481994.htm

Attempt to Overhaul State’s No-Fault Auto Insurance System Fails in Senate Subcommittee The Legislation, one of House Speaker Richard Corcoran’s priorities, would have ended the State’s No-Fault Auto Insurance Law and moved Florida to an At-Fault System similar to those …

The U.S. Government Accountability Office was asked to review and report on federal contracting activity to support the work of FEMA and other federal agencies related to the response to the 2017 hurricanes.

A company that rates many Florida property/casualty insurers believes hurricane losses and assignment of benefits litigation during 2017 could affect some insurers’ financial ratings, Insurance Journal’s Amy O’Connor reports. https://www.insurancejournal.com/news/southeast/2018/02/28/481735.htm

The $30 million Citrus Re 2015-1 Class C tranche of notes is currently estimated to face at least a $20 million loss, although secondary pricing seems to imply that investors may expect a higher reinsurance recovery to be claimed, as …

Senate Appropriations Chair Rob Bradley is undertaking something seen too rarely in the Legislative process: He is actually trying to clean up and improve Florida’s health care financing policy, FloridaPolitics.com Publisher Peter Schorsch reports. http://floridapolitics.com/archives/257633-rob-bradleys-fairness-doctrine