Capitol to Courthouse Florida Insurance Report–Monday, June 9, 2014
Jun 9, 2014
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.
2:00 p.m.–Florida Insurance Guaranty Association Board of Directors’ meeting. Tallahassee, Florida. Discussion on Sunshine State Insurance Company. To view the meeting notice, click here.
Yet as other coastal states and the Obama administration take aggressive measures to battle the effects of global warming, Florida’s top Republican politicians are challenging the science and balking at government fixes, Associated Press reports via SaintPetersBlog.com.
Miami scientists scrambled this week to rescue a crop of unusually hardy coral from an unlikely underwater garden at the bottom of one of the world’s busiest shipping channels. The coral, which may hold clues about how sea life adapts to climate change, is growing in Government Cut, Jenny Staletovich reports for the Miami Herald via the “Naked Politics” blog.
Florida still calls manufactured homes “mobile.” This leads to appraisal and insurance valuation problems, a FloridaToday.com reader explains.
Growth isn’t just happening in the sexy sectors and stocks, it’s also happening in the tried-and-true insurance business. One of the companies in this industry is Zack’s Bull of the Day, Federated National Holding Company.
Under pressure from existing taxicab and limousine owners, Miami-Dade County has escalated its enforcement of the defiant car-service industry, joining forces with the Miami-Dade Police Department to catch scofflaw drivers, the Miami Herald’s Patricia Mazzei reports via the “Naked Politics” blog.
The Florida AFL-CIO is opposed to many of the policies of Republican Rick Scott, so there has never been any doubt that the state’s largest labor union would eventually support the Democratic nominee for governor, SaintPetersBlog.com reports.
Florida students living in the country illegally will be allowed to qualify for in-state college tuition rates under a bill signed into law by Governor Rick Scott, Florida Times-Union’s Matt Dixon reports on the “Political Fix Florida” blog.
Governor Rick Scott, who faced intense criticism for rejecting federal money for high-speed rail from Tampa to Orlando, has new train troubles for favoring a controversial rail project on Florida’s east coast, Tampa Bay Times’ Steve Bousquet reports.
Alan Cohn, an award-winning former investigative reporter for WFTS-Ch. 28 in Tampa Bay, is convinced that his reporting background could prove to be a big help challenging U.S. Rep. Dennis Ross, R-Lakeland, Tampa Bay Times Adam Smith reports.
Small drones called Coyotes were developed in the aftermath of Hurricane Sandy and will be tested for the first time this hurricane season. They’ll be launched into the eye of tropical systems to detect barometric pressure changes, the Sun-Sentinel’s Ken Kaye explains.
Experts say the lull represents the calm between the storms, and a bleak-or-bleaker debate continues over whether the Atlantic basin will be a busy tropical-storm brewery for perhaps the next two decades — or in perpetuity, Anthony R. Wood reports for The Philadelphia Inquirer via InsuranceNewsNet.com.
Catastrophe bond and insurance-linked securities (ILS) issuance have surged to record levels this year thanks to the continuing influx of alternative capital into the reinsurance market, leaving credit analysts and industry executives with questions about the challenges and benefits this new capital creates and if capital markets investors would buy bonds covering new perils, Insurance Journal reports.
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