Capitol to Courthouse Florida Insurance Report: Thursday, April 3

Apr 3, 2014


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Daily Florida Insurance-Related Events


There are no events scheduled for today.



Daily Florida Insurance-Related News


Convicted Fort Lauderdale lawyer sentenced to 10 years for role in massive insurance Ponzi scheme

A longtime Fort Lauderdale lawyer who rolled the dice on a criminal trial – and lost – was sentenced to 10 years in prison Tuesday for his supporting role in a $1 billion-plus insurance-investment scam, among the largest financial frauds in Florida history, the Miami Herald’s Jay Weaver reports.


K.E.L. takeover leads to fee for Florida title insurance policies

Coming soon to a home-sale closing near you: A small fee tacked onto all title insurance policies to pay for the multimillion-dollar collapse of an Orlando title company, Orlando Sentinel’s Richard Burnett reports.


Scott signs $395 million vehicle fee cut

Florida drivers will see an average $25 drop in vehicle registration fees starting Sept. 1, after Gov. Rick Scott signed SB 156 into law Wednesday, a $395 million per year cut in the fees, The Florida Current’s Gray Rohrer reports.


Budgets take top priority in both Florida chambers Thursday

Budgets are on the minds of Florida legislators, as both the House and Senate are in session Thursday to approve each chamber’s spending plan before the final negotiations begin, Phil Ammann reports for


House, Senate advance tax cut plans

Both chambers of the Florida Legislature advanced plans Wednesday for additional tax cuts next fiscal year, including cuts to cable bills, sales tax holidays for select items, tax credits for television production and other revenue-trimming ideas, The Florida Current’s Gray Rohrer reports.


Bill to Allow Guns in Schools Passes House Subcommittee

A bill that would arm school officials is speedily making its way through the Florida House of Representatives, where the Justice Appropriations Subcommittee approved it by a vote of 8-4, Allison Nielsen reports for


Gaetz pushes open records attorney bill

Since joining the Legislature in 2006, Senate President Don Gaetz has consistently tried to limit damage awards, which also limits lawyers’ fees, Tampa Bay Times’ Michael Van Sickler reports.


Weatherford says state pension deal is possible, gambling deal–less so

As the Florida Legislature concluded the 30th day out of its 60-day annual session today, House Speaker Will Weatherford said he is pleased with the progress that lawmakers are making, Sarasota Herald-Tribune’s Lloyd Dunkelberger reports.


Petroleum contamination sites bill passes with support from site owners, contractors

A Senate bill that would require competitive bidding for state petroleum site cleanups cleared its second committee stop on Tuesday with an amendment that won support from site owners and cleanup contractors, The Florida Current’s Bruce Ritchie reports.


U.S. Supreme Court voids overall contribution limits

The Supreme Court struck down limits Wednesday in federal law on the overall campaign contributions the biggest individual donors may make to candidates, political parties and political action committees, the Associated Press reports via


Governors Express Concern About Federal Insurance Office Report

The National Governors Association expressed concern in a letter to Treasury Secretary Jacob Lew about December’s Federal Insurance Office regulatory modernization report and its role in the larger state vs. federal regulation debate, Phil Gusman reports for National Underwriter’s


JPMorgan to Invest in Junk Bonds for New Reinsurer

JPMorgan Chase & Co. will manage funds for a Bermuda-based reinsurer that raised $1.13 billion in capital, concentrating the investments in junk bonds, Dan Reichl and Zachary Tracer report for Bloomberg.


In post-Katrina legal fight, a single insurance company continues to hold out against the state

After a seven-year legal-battle, a single insurance company continues to fight the state of Louisiana over post-Katrina wind payouts, Robert McClendon reports for The Times-Picayune.


Texas Windstorm Insurer Sued for Passing on Ike Costs to Policyholders

A Corpus Christi man is suing the Texas Windstorm Insurance Association for hundreds of millions of dollars because he says it improperly passed on costs to policyholders like him after Hurricane Ike in 2008, Associated Press reports via Insurance Journal.


Insurer Group Opposes Lower Named Storm Maximum Deductible in Louisiana

A proposal in the Louisiana Legislature to reduce the maximum deductible on named storms and require winds in excess of 125 miles per hour before the deductible could be applied would likely result in higher insurance costs for consumers if enacted, according to the National Association of Mutual Insurance Companies, Insurance Journal reports.



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