Florida Property Insurers Largely Avoid Downgrades, For Now: Demotech

Ratings company Demotech is holding off on issuing large-scale ratings downgrades of Florida property insurers for now, after a number of insurers heeded its warning and boosted their claims reserves and policyholder surplus. The Insurance Journal article notes that the ratings firm said it is also monitoring three insurers — Prepared, Mount Beacon and Elements— that have…

Florida scientists fear hurricane forecasts, climate research will suffer under Trump

A growing chorus of scientists is raising the alarm over reports of Trump administration budgets cuts that would affect climate change research and hurricane forecasting. The Miami Herald article reports that 32 Florida scientists voiced concerns over cuts to NOAA, since budget cuts would affect the network of satellites that help scientists understand weather threats…

Court Question’s Insurance Office’s Claim to State Farm Sales Information

Florida Politics  Michael Moline A state appeal court panel appeared skeptical Thursday of the Office of Insurance Regulation’s arguments that trade-secrets protections don’t exempt State Farm Florida from having to turn over business information for public scrutiny. The judges wondered whether the plain language of the trade-secret exemption in Florida’s public records law doesn’t protect…