Capitol to Courthouse Florida Insurance Report: Friday, June 8
Jun 8, 2012
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9:30 a.m.–Florida Division of Community Development Workshop. In regard to hurricane evacuation modeling in the Florida Keys, focus will be on developing a memorandum of understanding between local governments and state agencies relating to the computer modeling variables, evaluating build-out potential of the Keys within the 24-hour clearance time and developing the basis for a new allocation of rate-of-growth units for the Keys. To view the workshop notice, click here.
Think your homeowners insurance is outrageous? Mark Kunzelmann likely has you beat.
The area encompassing New York City, Long Island and northern New Jersey has the highest exposure in total property value at risk in the event of a large storm or hurricane, according to a report by data analysis firm CoreLogic.
Tom Grady, interim chief of Florida’s Citizens Property Insurance Corporation, has been on a tour of the Sunshine State, trying to defend he and his board’s efforts to try to speed depopulation of the state-run insurer and place it on more sound financial footing.
With hurricane season beginning and politicians still grasping at ways to deleverage state-run Citizens Property Insurance Corporation, the Business Journal spoke with Florida Insurance Commissioner Kevin McCarty about property insurance.
Sarasota-Bradenton and four other Florida metro areas made a national Top 10 list on Thursday for the number of homes in the danger zone for hurricane storm surge.
Citizens Property Insurance Corporation will bring $1.25 billion of bonds and notes to market the week of June 11.
They’ve been told no many times before, but Holocaust survivors across the United States aren’t giving up their fight to file suit in U.S. courts against European companies for unpaid life insurance policies sold before World War II worth billions of dollars.
An online news service reported Thursday that the state has awarded a $36 million contract to a health plan that will transition Medipass patients in 31 rural counties into a managed care system.
Tampa-based, publicly traded company SRI/Surgical Express will be acquired by British-based Synergy Health for $25.1 million to expand its U.S. business of providing sterilization services to hospitals.
Florida’s economic growth slowed in 2011, and foreclosures continue to hamper the recovery of the real estate market.
It’s a fight made for the digital age: A battle between Florida leaders and federal officials over a government database that could help determine whether some foreigners are masquerading as eligible Florida voters.
Here’s an updated list from my colleague Kathleen Haughney of who has qualified to run.
Incoming House Speaker Will Weatherford on Thursday named Capitol veteran Kathy Mears as his Chief of Staff and Ryan Duffy as his Communications Director.
Though his status on the state elections website hasn’t officially switched to “qualified,” state Senator Jim Norman, R-Tampa, has submitted his final paperwork to make the ballot.
Let the emails from shadowy organizations begin in the heated race for state Senate District 4.
Industry groups are backing the state’s proposed rules to replace federal rules that industry calls too expensive and difficult to meet.
Could the construction of power plants in Shanghai make it less safe to eat fish caught in the Everglades?
Economists taking a fresh look at the state’s unemployment rate report findings that support workers’ organizations which say the state’s job picture may be improving because thousands of jobless Floridians are leaving the workforce.
A last-minute provision added to legislation headed to the governor’s desk will give some relief to coastal property owners who get insurance through Louisiana’s state-run insurer of last resort.
State Farm is in a strong reserve position, which may restrain the company from seeking aggressive rate increases, but two industry observers were at odds on the overall impact that may have on personal-lines rate increases in general.
A report by the Consumer Federation of America raises concerns that computerized claims systems used by many of the nation’s largest auto insurance companies can be easily adjusted to make “lowball” claims payments to injured motorists.
The forecasts of hurricane season that is less active than usual is increasing investors’ demand for catastrophe bonds, or cat bonds, which insurers use to transfer hurricane risks to investors, who receive regular payments for providing disaster coverage.
Property insurers are beginning to cast a more skeptical eye toward the disaster models that predict potential losses from hurricanes, a major shift prompted in part by changes one modeling firm made to its formulas last year.
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