Capitol to Courthouse Florida Insurance Report: Monday, September 16
Sep 16, 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.
8:30 a.m.–Florida Automobile Joint Underwriting Association Board and Committee meetings. Tampa, Florida. Teleconference: (877) 826-6967; conference ID: 2867636526#.
2:00 p.m.–Florida Workers’ Compensation Insurance Guaranty Association Board of Directors meeting. Tallahassee, Florida. To view the meeting notice, click here.
Here’s something you don’t hear every day: More than 6,000 homeowners in Broward and Palm Beach counties will soon receive lower property insurance bills, Maria Mallory White writes for the Sun Sentinel.
Rep. Bill Hager, R-Delray Beach, said that lawmakers next year could discuss prohibiting people who don’t live in Florida from being eligible for coverage from Citizens, THE NEWS SERVICE OF FLORIDA reports via NorthEscambia.com.
According to conventional wisdom, state-run Citizens Property Insurance has grown into a monster, putting all Floridians at risk of surcharges and assessments if The Big One hits, Sun-Sentinel columnist Mike Mayo writes.
The blind trust that Gov. Rick Scott set up two years ago to manage a large part of his finances still meets the approval of the Commission on Ethics, Rochelle Koff writes for the Tampa Bay Times.
Alex Sink, otherwise known as Hamlet from Hillsborough, is still grappling with whether to run for governor again in 2014, writes Adam Smith and Marc Caputo for Tampa Bay Times.
Two potential rivals as the future standard-bearer for the Florida GOP are gearing up for their 2014 re-election campaigns, but for Attorney General Pam Bondi, the start wasn’t what she envisioned, Halifax Media’s Lloyd Dunkelberger writes for Daytona Beach News Journal.
Florida’s Republican Party establishment has helped its chosen candidate in a special Pasco County election, Presbyterian minister Bill Gunter, raise more campaign cash than all three of the other contestants running to succeed former state Rep. Mike Fasano, Bill Cotterell reports for The Florida Current.
Corrections officials quietly reversed a blanket ban on tobacco at prisons this summer and are now allowing inmates at work release centers to have up to 10 packs of cigarettes each, THE NEWS SERVICE OF FLORIDA’s Dara Kam reports via the Miami Herald.
The state-run property insurer of last resort plans to lower commercial rates. The Advocate reports that the bulk of those cuts would benefit the 352 commercial policyholders Louisiana Citizens Property Insurance Corporation covers in coastal areas.
Economic conditions in the real estate market, recent hurricane impacts and insurance rate hikes because of them have combined to severely curtail beachfront development, writes Jeff Dute for Alabama.com.
With so much excess capital sloshing around the global reinsurance markets these days – much of it sourced from hedge funds, who have been setting up their own reinsurers or backing special purpose vehicles for catastrophe risk – reinsurers and large commercial property insurers appear more and more to have gotten over any hesitancy they once had about terrorism risks, at least in the property catastrophe lines, Ray Lehman writes in his “R-Street” blog via Insurance Journal.
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