Capitol to Courthouse Florida Insurance Report: Monday, December 30
Dec 30, 2013
To go directly to the section of your choice, click on a hyperlink below. Other hyperlinks to meeting information, bills and news are noted in bold type.
There are no events scheduled for today.
Billed as a “game-changer” and a “new option” for a New Year, Citizens Property Insurance Corp. rolls out its ambitious Property Insurance Clearinghouse on January 27 with the mission of demonstrating to Florida homeowners the state-backed property insurer isn’t necessarily their only or best option, the Sun-Sentinel’s Maria Mallory White reports.
The idea that no one is hurt if you sue your insurance company–after all, you paid your premiums–is totally erroneous. In fact, everyone is hurt. But Florida homeowners feel they have a built-in excuse, a Sun-Sentinel reader writes.
A program in Florida’s Palm Beach County provides rewards of $100 to people who report drunk drivers to local police, Associated Press reports via Insurance Journal.
A Jacksonville insurance salesman has pleaded guilty to running an investing scheme that defrauded $4 million from school teachers and administrators, the Associated Press reports via the St. Augustine Record.
In 2012, the Florida Department of Children and Families surveyed 742 teenagers in foster care and found 1 percent of 16-year-olds and 3 percent of 17-year-olds had a driver’s license, Marisa Kendall reports for the Ft. Myers News-Press.
Marion County officials are frowning on an offer to extend health coverage to gay couples, Ocala Star-Banner’s Bill Thompson reports.
Call it the Economic Miracle That Wasn’t, Michael Van Sickler reports for the Miami Herald.
Many Floridians launch the New Year with fireworks, so will committees in the State Legislature, Phil Ammann reports for SaintPetersBlog.com.
Two Democrats entered races this week to unseat Senate Appropriations Chairman Joe Negron and State Representative Ray Rodrigues in the 2014 elections, Peter Schorsch writes for SaintPetersBlog.com.
Mike Colodny, chair of Broward Days, joined J. David Armstrong, president of Broward College to pitch the idea of a Democratic gubernatorial debate to both Charlie Crist and Nan Rich, according to Anthony Man in the South Florida Sun Sentinel. They sent the candidates invitations this month, proposing a date and format mutually acceptable to be held at Bailey Concert Hall at Broward College’s Davie campus, Phil Ammann reports for SaintPetersBlog.com.
A federal district court judge in Mississippi appears to be setting the stage for a prompt decision on whether soaring federal flood insurance premium rate hikes should be stayed pending completion of a study as to whether those hikes are affordable, National Underwriter’s Arthur Postal reports for PropertyCasualty360.com.
Insurance Journal advises Guy Carpenter & Co. has reported that reinsurance rates-on-line fell at the January 1, 2014 renewal in nearly all classes and regions.
While Berkshire’s aggressive expansion in the excess and surplus lines space earlier this year through the hiring of top American International Group employees hasn’t significantly altered the market yet, Fitch Ratings says it expects pricing implications related to this expansion “to materialize in coming quarters,” National Underwriter’s Arthur Postal reports for PropertyCasualty360.com.
It’s getting more difficult to earn a Top Safety Pick from the Insurance Institute for Highway Safety, Phil Gusman writes for National Underwriter’s PropertyCasualty360.com.
To unsubscribe from this newsletter, please send an e-mail to Brooke Ellis at email@example.com.