Category: Insurance Regulatory News

A legislative panel is again taking the state’s medical marijuana regulators to task, asking whether they are “refusing to modify the rules” governing the drug.  FloridaPolitics.com’s Jim Rosica reports. http://floridapolitics.com/archives/263221-lawmakers-warning-shot-marijuana

Florida ranks alongside two other states that logged increases in the serious delinquency rate on home mortgages, a new report from CoreLogic states.  Chris Wille reports for the Lakeland Ledger. http://www.theledger.com/news/20180508/florida-sees-increase-in-delinquent-mortgages

The funeral of a slain sheriff’s deputy forced a Florida Cabinet schedule change.  The Tampa Bay Times’ Steve Bousquet reports for “The Buzz” blog. http://www.tampabay.com/florida-politics/buzz/2018/05/09/cabinet-cancellation-puts-brakes-on-banking-regulators-fate/

Insurers analyzed have more than $500 billion in fossil fuel-related securities, issued by power and energy companies, $10.5 billion of which consists of investments in thermal coal enterprises, Insurance Journal’s Don Jergler reports. https://www.insurancejournal.com/news/west/2018/05/08/488649.htm

McCarty spoke about resiliency and mitigation, emphasizing the need for both in the catastrophe prone state, Insurance Journal’s Amy O’Connor reports. https://www.insurancejournal.com/news/southeast/2018/05/08/488539.htm

If Congress doesn’t step up with comprehensive and effective legislation to confront sea-level rise and its already evident effects, then we’re sunk, South Florida, the Palm Beach Post Editorial Board writes. https://www.mypalmbeachpost.com/news/opinion/editorial-national-disaster-fund-benefits-florida-spreading-risk/umhyRMpxmNDmqfGy1A9BoI/

The Legislature spent millions helping Florida recover from Irma. But what did lawmakers do to get the state ready for the next storm?  The Tampa Bay Times’ Michael Van Sickler reports via “The Buzz” blog. http://www.tampabay.com/florida-politics/buzz/2018/05/08/hurricane-2018-is-florida-better-prepared-for-storms-not-quite/

Patriot National expects to emerge from Chapter 11 in the second quarter of 2018. https://www.econotimes.com/Patriot-National-Receives-Court-Approval-for-Reorganization-Plan-1298824

A Petition for Declaratory Statement was filed on April 27, 2018 seeking the opinion of Florida’s Division of Condominiums, Timeshares, and Mobile Homes as to the applicability of Section 718.113(5)(d), Florida Statutes. http://www.browardbusinesslawyer.com/can-condo-require-previously-installed-hurricane-shutters-unit-owner-replaces-impact-glass/

Michigan has three and Florida two in a list of the top 10 most dangerous cities in the U.S. produced by a security industry group using FBI crime data.  Weston, Florida is ranked among the safest. https://www.insurancejournal.com/news/national/2018/05/08/488586.htm