Capitol to Courthouse Florida Insurance Report: Thursday, June 27

Jun 27, 2013


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Daily Florida Insurance-Related Events


    1:00 p.m.–Florida Department of Agriculture and Consumer Services Rule Development Workshop.  Proposed Rule 5N-1.120 would relax Florida restrictions on security personnel from outside the state who provide emergency security services after a formal declaration of a state of emergency by Florida’s Governor or a federal agency.  To view the workshop notice, click here.


      Daily Florida Insurance-Related News


      Florida’s Citizens Property Insurance Hikes Rates by 7.5%

      Florida’s state-run insurance company moved to boost rates by nearly 7.5 percent Wednesday as part of an ongoing effort to drive more customers into the private market, reports Zac Anderson for the Lakeland Ledger.


      Florida officials offer few solutions for Keys’ windstorm risk

      The need for Citizens Property Insurance Corp. to balance wind insurance rates with the reality of storm-hardened construction in Monroe County was highlighted with a Monday forum sponsored by the Key West Chamber of Commerce, reports Sean Kinney for


      Blog:  Florida Attorney General warns on window film scams

      Beware of window film companies falsely advertising “hurricane protection,” Florida Attorney General Pam Bondi says, Palm Beach Post’s Eliot Kleinberg reports.


      Florida Political Reactions to Defense of Marriage U.S. Supreme Court Ruling provides a running compilation of reactions by Florida’s elected officials and politicians to yesterday’s U.S. Supreme Court ruling that the federal Defense of Marriage Act is unconstitutional.


      Federal funding discontinuation looms over Florida’s beach water testing

      The Florida Department of Health cut $525,000 from its beach water testing program two years ago, leaving only an annual federal grant to pay for testing at beaches around the state, The Florida Current’s Bruce Ritchie reports.


      Hispanic Caucus Chairman Warns Dolphins Owner

      The chairman of the legislative Hispanic caucus Wednesday warned Miami Dolphins owner Stephen Ross that he’s hurting his team’s future dealings with state lawmakers by “recklessly attacking” members who didn’t support his $350 million plan for renovating the team’s stadium, Bill Cotterell reports.


      New York Times:  New Insurance Accounting Rules Could Lead to Erratic Earnings

      The Financial Accounting Standards Board on Thursday will propose new rules for insurance accounting that seem likely to increase volatility in reported profits for many insurers and lower reported revenue for rapidly growing companies, the New York Times reports.


      State Senator Gives Up on Louisiana Citizens Insurance Top Post

      State Sen. Dan “Blade”Morrish has dropped his bid to become the next CEO of the state-run insurer of last resort, the Louisiana Citizens Property Insurance Corporation, Insurance Journal reports.


      Disaster Claims Mediation Program Now Connecticut Law

      Connecticut Gov. Dannel Malloy last week signed a bill that mandates the insurance department to set up a mediation program for claims disputes arising from catastrophic events. Any mediation costs will be borne by insurers, Insurance Journal reports.


      Insurers React to President’s Climate Change Plan

      Issues central to the insurance industry will be tackled as part of the ambitious three-pronged climate-change plan President Obama unveiled June 25, reports Arthur Postal for Insurance Journal.


      United States wants ideas on building strong Bermuda economy

      U.S. Consul General Robert Settje told Insurance Day Summit Bermuda conference attenders that he wants to hear from the insurance and reinsurance industries about their ideas to build the Bermuda economy, reports Rebecca Zull for Royal Gazette.



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