Capitol to Courthouse Florida Insurance Report: Friday, November 15
Nov 15, 2013
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There are no events scheduled for today.
Michael Dupre first noticed the small cracks in the outside walls of his home at 1112 Robmar Road two years ago. He filed a claim with state-backed Citizens Property Insurance Corp., which sent engineers to inspect the house, Tampa Bay Times’ Laural Morel reports.
- USA Today: Two houses likely lost because of Florida sinkhole
- Florida sinkhole swallows boat and swimming pool, threatens homes
- Family questions insurance company on how sinkhole was fixed
- Sinkhole family speaks about frightening ordeal
- Photo Slideshow: Florida sinkhole damages homes
Members of the state-run Citizens Property Insurance Corp.’s Claims Committee voted unanimously Thursday to send a proposal for a $50 million program to conduct minor sinkhole-related home repairs to its full board next month, The Florida Current’s Gray Rohrer reports.
The Florida Department of Highway Safety and Motor Vehicles will ask Gov. Rick Scott, Attorney General Pam Bondi, Chief Financial Officer Jeff Atwater and Agriculture Commissioner Adam Putnam to sign off on a proposal that would allow people to display electronic copies of their motor-vehicle insurance through cell phones, tablets or other electronic devices as proof of coverage, THE NEWS SERVICE OF FLORIDA reports via the Sun-Sentinel.
Florida transportation experts gathered Thursday said advances in computer software, sensors and global positioning systems have made driverless vehicles possible for widespread use within a decade or so, Tampa Bay Times’ Susan Thurston reports.
President Obama announced yesterday that he will have insurers reinstate anyone’s canceled health insurance policies, and Florida officials have assured the White House that they will fully cooperate, Peter Schorsch of SaintPetersBlog.com reports.
Florida physicians made the argument for years: The state’s Medicaid payment rates have been so low that many doctors stayed away from the program, THE NEWS SERVICE OF FLORIDA’s Jim Saunders reports via SunshineStateNews.com.
State Senator John Thrasher, R-St. Augustine, has been rumored in recent weeks to be a frontrunner to become Gov. Rick Scott’s lieutenant governor, Jacksonville Times-Union’s Matt Dixon blogs.
The Georgia Water Coalition has released its annual report on what it says are the 12 worst offenses to Georgia’s waters, including three issues affecting waters flowing into Florida: The Chattahoochee River, the Flint River and the Floridan Aquifer, The Florida Current’s Bruce Ritchie reports.
Law enforcement officers in Oklahoma will soon have the option to seize license plates from uninsured drivers and assign temporary insurance under a new law passed this year by the Legislature, Insurance Journal reports.
The number of catastrophe or cat bonds outstanding could more than double from the current level of $19bn1 to $50bn by the end of 2018, according to a report from BNY Mellon, the global leader in investment management and investment services.
Freddie Mac continues to tweak and twist its financial products and strategies to meet changing market demand and new political realities, Erika Morphy writes for GlobeSt.com.
By assuming a share of the liabilities of many different insurance firms, reinsurance firms make it possible for mammoth claims following a storm or earthquake to be paid without bringing down the insurers that issued most of the policies in the affected area. A new form of reinsurance proliferating in America, however, does more or less the opposite, The Economist reports.
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