Capitol to Courthouse Florida Insurance Report: Friday, February 15
Feb 15, 2013
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When the Citizens Property Insurance Corp.’s Board of Governors meets Thursday to determine how it will fund the 2013 hurricane season, one person on the conference call has been a part of those discussion longer than any other: Chairman Carlos A. Lacasa.
Never mind the risk exposure of state-run property insurer Citizens is shrinking – its board decided Thursday to spend more of its ratepayers’ money, $327 million, on private reinsurance in 2013.
Representatives of county governments that formed a regional compact say funding also is needed for water supply projects, beach and Everglades restoration to help communities adapt.
Another feud is brewing in this feisty rural town – a battle between multi-million dollar mansions and the traditional ranch house.
For the third year in a row, a bill has been introduced into the Legislature that, if passed, would alter Florida’s nearly century-old standards for admitting expert testimony in civil and criminal trials.
The narrow 10-8 vote was a microcosm of the close vote on the House floor in 2011 to repeal the red light camera statutes.
A recently enacted state law requiring foreign travelers to have international driving permits before getting behind the wheel in Florida has triggered anger among Canadians and other seasonal visitors.
Jackson Health System announced Thursday it has filed a notice to voluntarily dismiss its petition for a state hearing that included a suggestion that the state revoke the provisional license for the trauma center at the Kendall Regional Medical Center.
In an effort to reduce paperwork for truckers while making Florida’s ports more enticing to those shipping globally, Governor Rick Scott announced regulations were being cut to help move cargo through the Sunshine State.
Is Miami set to become the financial capital of the United States, if not the world? Florida, and the nation, might find out in the coming days as the FOX Business Network kicks off, Thursday morning, two full days of coverage examining just that question.
The man who blew the whistle on former Republican Party of Florida chairman Jim Greer is now calling foul on House Speaker Will Weatherford’s self-described campaign finance reform.
Legislative leaders who want to make newly hired public employees join an investment fund similar to the 401(k) plans in the private sector — rather than having the guaranteed monthly pensions now favored by four out of five government workers — got a tactical boost Thursday from Florida TaxWatch.
Members of the House Finance and Tax Subcommittee heard a proposal Thursday to phase-out the state’s 6 percent sales tax on commercial rental property, which brings in $1.3 billion each year.
The “Springs Revival Act” by Representative Linda Stewart, D-Orlando, was welcomed by some environmentalists as a good start.
The Republican Party of Florida is using the possibility of former Republican Governor Charlie Crist running for his old job as a Democrat to motivate donors.
Former Governor Jeb Bush returned to Florida’s Capitol to visit legislators Thursday and predicted a “parent trigger bill” allowing families to petition county school boards to put failing schools on a turnaround plan will be passed by the Republican-run Legislature this year.
Florida’s public-private job development agency is struggling to fend off pressure from the public, lawmakers and advocacy groups questioning why Governor Rick Scott should get more tax money for corporate breaks.
State agencies and government employees always have a lot at stake when the Florida Legislature convenes, and although this year’s agenda for government operations and state administration won’t be as controversial as those Governor Rick Scott put before lawmakers during his first two sessions, there are some major changes before the House and Senate.
A new center for insurance research and improved building codes were among the recommendations from a commission tasked with addressing the availability and cost of homeowners insurance in Alabama.
The Weather Channel’s decision this winter season to start naming severe winter storms in the U.S. – such as bestowing the name “Nemo” for the massive February 8-9 winter storm – most likely will not have any implication for “named-storm clauses” found in many property policies, the Insurance Information Institute said.
Climate change and gaps in weather satellite data have been officially added to the list of high risks facing the federal government, a list that already includes the federal flood insurance program, Medicare and the Post Office.
On a mild and drizzly morning, a display of goods intended to meet every practical challenge that the Apocalypse might offer had been spread across 30,000 square feet of the cavernous New Orleans Morial Convention Center.
Oklahoma’s governor won’t request a performance audit of the agency that regulates insurance because the department had one late last year.
Fannie Mae’s plan to reduce the cost of forced-place insurance by bringing in new specialty lenders was scotched by its regulator Monday, prompting outrage from consumer groups.
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