Category: Insurance Regulatory News

The Florida Legislature is one step closer to raising the penalty for stealing bees, FloridaPolitics.com Publisher Peter Schorsch reports. http://floridapolitics.com/archives/258289-legislature-hopes-put-sting-stealing-bees

Student survivors of the February 14 massacre, their parents, and the families of the 17 people who died are taking advantage of a rare — and potentially fleeting — moment in which their voices carry a lot of weight in …

In October 2017 the California Department of Insurance approved a private flood insurance product by Homeowners Choice Property and Casualty Insurance Co. Homeowners Choice also covers residential building property, personal property or contents, debris removal and ALE, Insurance Journal reports. …

Access’s unaudited financial reports indicated the company failed to maintain the capital required by law, Insurance Journal reports. https://www.insurancejournal.com/news/west/2018/03/07/482620.htm

Recent proposed technical changes to the Florida Building Code could have a potential impact on residential and commercial property insurance rates in the State of Florida, the University of Florida’s Center for Advanced Construction Information Modeling advised in its draft February 2018 report entitled “Economic Impact Analysis and Evaluation of Property Insurance Rate Impact Resulting from Potential Changes to the Florida Building Code form the ICC Base Code Provisions.”

The Senate advanced Corcoran’s K-12 bill by a vote of 20-17, while the House advanced the higher education bill by a vote of 84-28. Both bills now head to Governor Rick Scott’s desk for approval.  John Kennedy and Zac Anderson …

She said she isn’t running for her final term because she’s a newlywed with a ready-made family and wants time to phase into her new life.  http://sunshinestatenews.com/story/katie-edwards-walpole-i-wont-run-reelection

Here are some bragging rights that we’d rather not have. Florida is once again tops among all states with the highest number of fraud reports.  The Tampa Bay Times reports via Crain’s Miami. http://www.tampabay.com/news/business/workinglife/Florida-is-still-the-fraud-king-and-Tampa-Bay-among-worst-metros_166092785?itx[idio]=6018337&ito=792&itq=3250f3ed-337c-4887-98c7-28126e7e268f

Over the past 4½ months, the U.S. Army Corps of Engineers and local contractors have collected more than 736,000 cubic yards of debris — the equivalent of 61,000 truckloads — as they rush to clean up St. Thomas, St. John …

Louisiana Insurance Commissioner Jim Donelon has appointed Nicholas “Nick” Lorusso as chief deputy of the Louisiana Department of Insurance and Denise Dunckel as the deputy commissioner of Public Affairs, Insurance Journal reports. https://www.insurancejournal.com/news/southcentral/2018/03/02/482256.htm