Capitol to Courthouse Florida Insurance Report–Thursday, October 2, 2014
Oct 2, 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.
There are no events scheduled for today.
The Florida Office of Insurance Regulation announced Wednesday that up to 215,488 customers of Citizens Property Insurance could be shifted in December to nine private carriers, NorthEscambia.com reports.
After two days of torrential rain in places and a maximum-recorded reading of 16 inches in central Palm Coast, two days of calm have restored normalcy to the city’s sewer system, lifting restrictions on water usage and ending cases of isolated flooding, FlaglerLive.com reports.
Employees at a roofing company that officials say stole insurance money from nearly 100 homeowners have been arrested, the Florida Department of Financial Services said Wednesday. The Tampa Bay Times reports.
Florida insurance regulators say they are searching for more potential victims of a Plant City insurance agent who was arrested on a fraud charge, the Tampa Tribune reports.
On October 9, the start of South Florida’s seasonal high tide, U.S. Senator Bill Nelson is bringing colleagues to South Florida to see for themselves how the streets flood when seas swell, the Miami Herald’s David Smiley reports via the “Naked Politics” blog.
- South Florida climate change summit opens
- NPR: When Can A Big Storm Or Drought Be Blamed On Climate Change?
Acquisition continues the strategic expansion of Hub International in the Southeast and Florida, the company reports.
After years of struggle, a new law takes effect today that regulates operators in the parasailing industry. Democratic state Sen. Maria Sachs, who sponsored the bill, is celebrating the bill by going parasailing herself, SaintPetersBlog.com’s Phil Ammann reports.
Supporters of Medicaid expansion are continuing to take their fight to Republican legislators who have rejected federal funds to implement a program that would extend health-care benefits to some 1 million low income Floridians, SaintPetersBlog.com’s Janelle Irwin reports.
A divided appeals court wants the Florida Supreme Court to decide if the state’s new congressional map is legal. Associated Press’ Gary Fineout reports via SaintPetersBlog.com.
Florida For Care, an offshoot of the pro-Amendment 2 campaign committee United For Care, issued a report on dozens of proposed laws and regulations that the Florida Legislature and Department of Health could adopt to make sure production, sales and use of medicinal marijuana in Florida is regulated against widespread abuses, Orlando Sentinel’s Scott Powers reports.
The Federal Bureau of Investigation announced the conviction and sentencing of persons masterminding a complex $49.6 million mortgage fraud scheme against various FDIC-insured lenders, including Bank of America, Regions Bank, SunTrust Bank, and Wachovia Bank.
Senator Jack Latvala and State Representative Kathleen Peters plan to file legislation that would impose tougher regulations an higher accountability to Florida utility companies, SaintPetersBlog.com’s Janelle Irwin reports.
A bipartisan pair of state lawmakers filed some of the first bills in the 2015 Legislative Session on Tuesday, with measures to increase protections for children in Florida’s after-school programs such as Boys and Girls Clubs, SaintPetersBlog.com’s Peter Schorsch reports.
The Florida Office of Financial Regulation issued an alert yesterday, warning consumers of yet another fake, something-for-nothing letter going around. The Tampa Tribune’s James Rosica reports via the “Political Fix Florida” blog.
Adam Putnam is trying to rally conservatives and get some notice as he continues his campaign for a second term, Jeff Henderson reports for SunshineStateNews.com.
Both Democratic State Representative Jose Javier Rodriguez and his Republican challenger Daniel Diaz Levya have debuted new television ads, the Miami Herald’s Kathleen McGrory writes for “The Buzz” blog.
Coming off primary victories in August, State Representatives Tom Goodson and Kevin Rader have filed paperwork Wednesday to run in 2016, according the Florida Division of Elections web site, SaintPetersBlog.com’s Phil Ammann reports.
The U.S. Federal Reserve on Tuesday announced plans to study the potential effects of forcing big insurance companies to meet tough funding restrictions required by the 2010 Dodd-Frank law, Reuters’ Emily Stephenson reports via Insurance Journal.
The most likely path to enactment of legislation reauthorizing a federal backstop for terrorism risk insurance that insurers can live with is House de facto acceptance of the preferable Senate bill, through inclusion of it in a must-pass congressional resolution needed to keep the government running through the transition to a new Congress, National Underwriter’s Arthur Postal reports via PropertyCasualty360.com.
Texas Windstorm Insurance Association announced it has successfully obtained $500 million in funds to assist in paying future catastrophic claims and that the association is now in its best financial position since Hurricane Ike in 2008. The funds come from the issuance of pre-event Class 1 bonds by the Texas Public Finance Authority on behalf of TWIA, Insurance Journal reports.
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