Tag: Governor Rick Scott

Florida may do away with its no fault auto insurance system

S.Vagus
expensive auto insurance policy car

No fault system could come to an end in 2019 Florida lawmakers are considering putting an end to the state’s no fault auto insurance system. New legislation could put an end to this system in 2019 and is meant to address the increasingly problematic issue of insurance fraud. Insurers have faced fraud in the state for some time, with some suggesting that the no fault system is to blame. Fighting fraud is becoming a major priority for state officials, who want to see premiums come down for the state’s drivers.…

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Health insurance plan in Florida may be set aside, for now

S.Vagus
health insurance exchange

State may not be able to support the expansion of its Medicaid program at this time Plans to expand Florida’s Medicaid program may be stalling as the state’s governor, Rick Scott, withdraws his support for such an initiative. Governor Scott had been a supporter of the concept of expanding Medicaid for some time, suggesting changes to the state budget in order to accommodate the initiative. Expanding Medicaid would have brought federal funds to the state, which would have helped cover the cost of the expansion and make health insurance coverage…

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Flood insurance rate increases front and center in Scott and Obama talks

H. Cutner
flood insurance

The governor had the opportunity to speak to the White House this week in a meeting with the President. Governor Rick Scott or Florida has been making a tremendous effort to try to put the spotlight on the issue of the increases in flood insurance rates which have impacted many states, among which his own has been one of those hit the hardest. He finally received an ideal chance to address this topic with the President, this week, at the White House. As a result of a law passed in…

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Florida may become home for private flood insurance

Logan B.
Marco Island Florida Flood Insurance

Florida lawmakers seek to open up the market to private insurers Flood insurance rates may remain stable in the U.S. for a time as federal lawmakers begin investigating ways to reform the federal program that provides flood protection, but many homeowners are still concerned about the financial impact of flood coverage and the federal program’s ability to actually honor the policies it represents. The National Flood Insurance Program is currently crippled by massive debt. While the program has been able to pay claims thanks to the support of emergency spending…

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Flood insurance rate hikes set to hit Florida

S.Vagus
Marco Island Florida Flood Insurance

Florida homeowners are preparing for major rate hikes as federal law’s provisions go active Florida homeowners are bracing themselves for a major increase in their flood insurance rates. Provisions of the Biggert-Waters Flood Insurance Reform Act of 2012 are set to take effect in the coming weeks and this will involve a major spike in insurance premiums. The law is meant to address the financial issues that have plagued the National Flood Insurance Program for the past several years. The federal program accounts for the vast majority of flood protection…

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