Capitol to Courthouse Florida Insurance Report–Friday, June 6, 2014
Jun 6, 2014
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There are no events scheduled for today.
The Florida Office of Insurance Regulation has approved the removal of up to 15,000 multi-peril personal residential policies from Citizens Property Insurance Corporation to Heritage Property & Casualty Insurance Company.
The Orange County School Board has started allowing contractors to get virtual building inspections by live-streaming their job sites to the computer screen of inspectors, Mary Shanklin reports for the Orlando Sentinel.
In the midst of a nine-day sales-tax holiday that allows residents to stock up on hurricane-season essentials, it appears that relatively few shoppers are taking advantage of the savings, Orlando Sentinel’s Sara Clarke reports.
MDW Insurance Group, headquartered in Coral Gables, ranked number 11 on South Florida Business Journal’s 2013 list of the Top 25 Insurance Brokers in South Florida, InsuranceNewsNet.com reports.
A.M. Best has assigned a financial strength rating of B (Fair) and an issuer credit rating of “bb” to Tampa-based Safepoint Insurance Company. The outlook assigned to both ratings is stable. HeraldOnline.com reports.
Olympus Insurance Company, an A rated Florida property insurance company, announced today that Brittany Harris has joined the company, a news release reports.
After six rebuffed attempts to inspect Veterans Affairs hospitals in Florida this spring, the Florida Agency for Health Care Administration filed suit in federal court Thursday trying to force the federal agency to allow state inspections, Orlando Sentinel’s Scott Powers writes for the “Central Florida Political Pulse” blog.
Some of the biggest bills of this year’s legislative session have made their way to the desk of Governor Rick Scott yesterday, THE NEWS SERVICE OF FLORIDAR reports via the Tampa Tribune’s “Fresh Squeezed Politics” blog.
State Representative Ray Rodrigues has drawn a rematch of the 2012 Republican primary in his re-election effort for Florida’s House District 76, SaintPetersBlog.com reports.
Orlando now has more people than St. Petersburg, making it Florida’s fourth largest city, the Associated Press reports via the Miami Herald.
One day after Florida State re-opened its search for a new president, the university’s Faculty Senate approved four resolutions including a vote of no-confidence in William Funk, the head hunter FSU hired in April, Tallahassee Democrat’s Doug Blackburn reports.
U.S. Department of Justice officials say they’ve reached a settlement with Florida State University concerning hiring practices by the campus police department that violated the Americans with Disabilities Act, the Associated Press reports via the Tampa Tribune.
Standard & Poor’s suffered a defeat on Tuesday in litigation accusing it of issuing misleading credit ratings prior to the 2008 financial crisis, as a federal judge ruled that lawsuits by 16 U.S. states and Washington, D.C. belong in state courts, not federal court, Reuters’ Jonathan Stempel reports via Insurance Journal.
The U.S. House Financial Services Committee should vote on TRIA-extension legislation in the third or fourth week of June, but the version that comes out of the committee will not likely be what ultimately passes Congress, Rep. Peter King, R-NY, says. Phil Gusman reports for National Underwriter’s PropertyCasualty360.com.
The insurance sector, both internationally and in the United States, is evolving dramatically, and it is important that we take these opportunities to reflect upon where we are now and where we are going, Federal Insurance Office Director Michael McRaith told the audience at yesterday’s Standard & Poor’s 30th Annual Insurance Conference.
After a career as a doctor, Jack Hughes spent another decade working in insurance part-time. He shared his D-Day experience with Dawn Baumgartner Vaughan of North Carolina’s Herald-Sun via InsuranceNewsNet.com.
Lara Mowery leads Guy Carpenter’s global property specialty practice group, which has responsibility for understanding all aspects of the property reinsurance marketplace and providing the framework for the direction of Guy Carpenter’s thought leadership and tactical execution of its property initiatives.
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