Capitol to Courthouse Florida Insurance Report–Friday, October 3, 2014
Oct 3, 2014
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There are no events scheduled for today.
With so many property insurance choices now available to Florida consumers, it is more important than ever that homeowners work closely with their agents to determine their best insurance options, Citizens Property Insurance CEO Barry Gilway explains in the Sun-Sentinel today.
Emergency management officials from three counties – Lake, Seminole and Volusia – took boat tours of the St. Johns River on Thursday to monitor water levels and check for flooding along the water’s edge, Martin E. Comas and Jayna Omaye reports for the Orlando Sentinel.
Long before the Ebola case turned up in Dallas, doctors and nurses in South Florida were running full-blown dress rehearsals, Gary Nelson reports for CBS4 in Miami.
In a case stemming from Hurricane Ivan a decade ago, the Florida Supreme Court on Tuesday will hear arguments about whether the state-backed Citizens Property Insurance Corp. can face a “bad faith” lawsuit because of its handling of a damage claim, Escambia.com reports.
Zacks upgraded shares of United Insurance Holdings Corp. (NASDAQ:UIHC) from a neutral rating to an outperform rating in a research report sent to investors on Tuesday morning. The firm currently has $15.30 price target on the stock.
Former Florida State Representative Dennis Ross is now the U.S. House senior deputy whip and, as he turns 55 later this month, he could be able to rise even higher in Congress, Jeff Henderson reports for SunshineStateNews.com.
Florida’s workers’ compensation insurers, already on record recommending an average 2.5 percent cut in rates, now say that a 3.3 percent cut is justified, Insurance Journal’s Michael Adams reports.
Libertarian gubernatorial candidate Adrian Wyllie is just “a few days” away from filing suit against organizers of the televised debates that begin this month in the race for Florida governor, John Handiboe reports for MyNews13.com.
Republican State Representative Travis Cummings will not run in the likely special election to replace Senator John Thrasher, slated to become president of Florida State University. He told THE NEWS SERVICE OF FLORIDA he will not run, in part because of his young family, SaintPetersBlog.com reports.
The last of three partners in the law firm at the center of the largest Ponzi scheme in South Florida history was sentenced Thursday to 33 months in prison, Sun-Sentinel’s Rafael Olmeda reports.
The U.S. Supreme Court on Thursday said it will take up a Florida campaign-finance case that pits a former Hillsborough County candidate’s arguments about First Amendment rights and the integrity of judges, THE NEWS SERVICE OF FLORIDA’s Jim Saunders reports via the Tampa Bay Times.
The U.S. Supreme Court agreed to decide whether people suing for housing discrimination must prove they were victims of intentional bias, in a case that may give long-sought protection to the lending industry, Bloomberg’s Greg Stohr reports via Insurance Journal.
Insurance availability crises are nothing new, Right Street’s Ian Adams writes via Insurance Journal. Nor is finger-pointing about what exactly causes them. In Texas, a red state that is nonetheless home to a robust plaintiffs’ bar, sparring in a particularly active legal blogosphere may portend the arrival of a new insurance availability crisis.
NAMIC’s Robert Detlefsen agrees that the definition of “affordability” is inherently subjective and can probably never be defined to everyone’s satisfaction. But that doesn’t mean it’s impossible for the Federal Insurance Office to complete the task that Congress assigned to it, he writes in National Underwriter’s PropertyCasualty360.com.
Scientists are grappling with the concept of how extreme weather is being impacted by climate change, Insurance Journal’s Don Jergler reports.
Drug and medical-device companies paid at least $3.5 billion to U.S. physicians and teaching hospitals during the final five months of last year, according to the most comprehensive accounting so far of the financial ties that some critics say have compromised medical care, Wall Street Journal’s Peter Loftus reports via Advisen.com
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