Capitol to Courthouse Florida Insurance Report–Friday, December 5, 2014
Dec 5, 2014
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There are no events scheduled for today.
Homeowners Choice Property & Casualty Insurance Company, a wholly-owned subsidiary of HCI Group, has been approved by the Florida Office of Insurance Regulation to assume 50,000 policies from Citizens Property Insurance, Florida’s state-operated insurance company. Of those policies, 27,000 are slated to be wind-only.
S&S Insurance Solutions of Florida, a division of East Providence, Rhode Island-based Starkweather & Shepley Insurance Brokerage, has acquired Imperial Insurance of Naples, Florida. Terms of the transaction were not disclosed, Insurance Journal reports.
Uber, the app-based ride-sharing service, is making a significant service expansion starting in the Florida Keys, Fort Myers, Sarasota/Bradenton, Ocala and several other markets statewide, SaintPetersBlog.com’s Peter Schorsch reports.
The Florida Senate may be a conservative chamber run by wealthy, white men, but it is gradually injecting some women leaders into the second tier of its leadership ranks. The Miami Herald’s Mary Ellen Klas reports via the “Naked Politics” blog.
Dorothy Hukill is moving up the Senate ladder and that’s good news for fiscal conservatives, SunshineStateNews.com’s Jeff Henderson reports.
The Florida Department of Health has indicated it may appeal a judge’s ruling that it had exceeded its delegated legislative authority in its proposed rule for the Compassionate Medical Cannabis Act of 2014. James Call reports for the PoliticsofPot.com.
According to the Tampa Bay Times, a St. Petersburg developer planned to use a vehicle elevator for residents in a 30-unit building, but other nearby condo-dwellers were concerned the new residents would block the alley way waiting to park. SaintPetersBlog.com notes the story.
Florida law enforcement officers “primarily assigned to patrol duties” would be required to wear body cameras while on duty under a bill filed yesterday, Christine Stapleton reports for the Palm Beach Post’s “Post on Politics” blog.
Drones, originally developed for the military, have caught the imagination of America – and now they have their own specialty training course at Florida State University, SaintPetersBlog.com’s Peter Schorsch reports.
Legislation re-authorizing TRIA is the likely vehicle for enactment of two provisions sought by the life insurance industry, explains National Underwriter’s Arthur Postal via InsuranceNewsNet.com.
The use of captives by life insurance companies is a key reason that risks to the financial stability of the U.S. have increased since last year, according to a new report by the Office of Financial Research, National Underwriter’s Arthur Postal reports via InsuranceNewsNet.com.
A new white paper by the Urban Land Institute finds that while the insurance industry is a leader in developing risk standards for natural disasters, the real estate sector and governments must also play an active role in climate change adaptation. Emerging Markets Business Information News reports via Advisen.com.
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