Capitol to Courthouse Florida Insurance Report–Monday, August 18, 2014
Aug 18, 2014
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There are no events scheduled for today.
The Federal Emergency Management Agency declared 2004 the “most destructive hurricane season in Florida history,” and also announced that it was the biggest disaster-relief effort in U.S. history at that point, surpassing even 9/11, writes Tony Holt for the Pensacola News-Journal.
For nearly four years to the day, a Republican Tallahassee trial lawyer is still vexing Florida Governor Rick Scott over public disclosure, the Miami Herald’s Marc Caputo reports via the “Naked Politics” blog.
With gobs of campaign cash and two of the best-known names in Florida politics, Republican Rick Scott and Democrat Charlie Crist seem to have little to fear facing long-shot opponents in next week’s primaries, John Kennedy reports for the Palm Beach Post.
George Sheldon can remain on the ballot as a Democratic candidate for attorney general, a Tallahassee judge ruled Friday. Tampa Tribune’s James Rosica reports via the “Political Fix Florida” blog.
Florida’s 5th Congressional District was regularly cited as one of the most gerrymandered districts in the country, formed when Florida picked up two congressional seats after the 2010 Census, and meandering nearly 200 miles from Jacksonville to Orlando. Monica Hesse reports for the Washington Post.
The Libertarian Party candidate for governor, Wyllie is running in a year when polls show voters are starved for an alternative to Republican Governor Rick Scott and Charlie Crist, the likely Democratic nominee, Tampa Bay Times’ Steve Bousquet reports via the Bradenton Herald.
In most places, sewer projects are a humdrum affair. Not in the Florida Keys, the Miami Herald’s Cammy Clark explains.
The Tampa Bay Times’ Stephen Nohlgren offers a glimpse into what may have motivated one of the world’s richest people to jump into Florida’s medical marijuana fray.
- Jeb Bush Opposes Medical Marijuana Initiative In Florida
- Charlie Crist Takes On Scott Administration over Pot Plan
Tom Lee has become one of the main Republicans attacking Charlie Crist as he looks to return to leading the Florida Senate, Jeff Henderson reports for SunshineStateNews.com.
Even as Florida’s economy recovers, one other consequence lingers – an uptick in construction fraud. Tampa Tribune’s Mike Salinero reports.
Most Florida politicians hunger for endorsements and are eager to announce when they get them. But do they really move the needle when it comes to swaying voters? Tampa Tribune’s James Rosica debates the question.
This weekend, the NAIC Executive Committee adopted the XXX/AXXX Reinsurance Framework, which furthers an action plan to develop proposed changes to the insurer/captive regulations specific to XXX/AXXX transactions.
Two years after NRRA’s implementation there still is not unanimity and conformity within the surplus lines industry over tax-sharing in general and the cost-effectiveness of NIMA to states and consumers, Andrea Wells reports for Insurance Journal.
Standard & Poor’s has advised the global reinsurance sector to diversify its business risks or face negative ratings and increased volatility in earnings between 2014 and 2015, explains Judith Ugwumadu for The Actuary magazine.
The European Union’s upcoming Solvency II capital rules require all insurers to have an actuarial capability to help them assess their liabilities. However, many firms may not have enough assets under management to allow them to meet the cost of the extra regulatory obligations, Judith Ugwumadu reports for The Actuary magazine.
A move by personal credit score provider FICO to leave out or discount medical debt from its scores will boost the credit record of many borrowers, while helping lenders to better assess risk, Reuters’ Amrutha Gayathri and Emily Stephenson report via Insurance Journal.
The same way Uber and Lyft connect drivers and passengers for a quick and affordable ride, AirPooler connects pilots with passengers willing to share fuel costs and other travel expenses. National Underwriter’s Caterina Pontoriero explains.
Uber employees have ordered and canceled more than 5,000 rides from rival Lyft since last October, according to new data provided by Lyft. CNN reports.
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