Capitol to Courthouse Florida Insurance Report: Monday, December 16
Dec 16, 2013
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There are no events scheduled for today.
Florida lawmakers want private property insurance companies to come to the rescue of coastal homeowners who will be hit with skyrocketing flood insurance rates at the end of the month, The Florida Current’s Gray Rohrer reports.
Florida homeowners deserve a break
Florida this year enjoyed its eighth consecutive hurricane-free storm season. That was good news for everyone in the state, but especially for property insurance companies. They have seen their profits soar and their costs plummet, the Sarasota Herald-Tribune writes.
Citizens Property Insurance will pay West Palm Beach attorney Scott Link $1 million annually for three years to oversee claims litigation.
The National Insurance Crime Bureau released its 2010-2012 Florida questionable claims referral reason analysis – showing a 23 percent increase in questionable claims in the past two years, Michael Clinton reports for the Jacksonville Business Journal.
Lawmakers enjoy protection from being forced to testify in most civil cases, the Florida Supreme Court ruled late Friday, but that protection does not extend to a challenge to the state’s congressional districts working its way through the courts, THE NEWS SERVICE OF FLORIDA’s Brandon Larrabee reports via SunshineStateNews.com.
Because of a 2011 law passed by the Legislature, unemployment recipients must register online, a requirement that federal officials this year found violated the civil rights of the unemployed, the Miami Herald’s Michael Van Sickler reports.
The Florida Public Defender Association has decided to back a measure (HB 89) that would grant immunity to people who show or fire guns in self-defense – the so-called “warning-shot” bill by Rep. Neil Combee, a Polk City Republican, THE NEWS SERVICE OF FLORIDA’s Margie Menzel reports via the Tallahassee Democrat.
Insurers, agents, brokers and state regulators welcome modernization and improvements in the current regulation of insurance, but are not so welcoming of changes that might invite regulation by the federal government, Insurance Journal reports.
The Property Casualty Insurers Association of America has submitted formal comments to the International Association of Insurance Supervisors on its ComFrame Consultation Draft stating that ComFrame, while improved over prior versions, still imposes an unnecessary additional level of prescriptive regulation on large international insurance groups, Insurance Journal reports.
The top U.S. auto-safety regulator will step down, as his agency investigates fires in Tesla Motors Inc. electric cars and is behind schedule on implementing a rule requiring backup cameras in new cars, Bloomberg’s Angela Greiling Keane reports via Insurance Journal.
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