Capitol to Courthouse Florida Insurance Report: Thursday, October 31
Oct 31, 2013
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There are no events scheduled for today.
Florida Chief Financial Officer Jeff Atwater wants to know why home insurers are not passing along to insureds apparent savings they are realizing on reinsurance, Insurance Journal reports.
Florida Chief Financial Officer Jeff Atwater announced the arrest of Leon Mobley, 45, a licensed insurance agent in Wellington, for allegedly submitting false and forged wind mitigation verification inspection forms on behalf of clients to obtain discounted homeowners premiums, Insurance Journal reports.
Some private companies are looking to provide an alternative to the National Flood Insurance Program and its looming rate hikes for coastal areas, but Congress is looking to delay the rate increases for four years, The Florida Current’s Gray Rohrer reports.
Regardless of what happens in Tallahassee and Washington, homeowners can help themselves by getting elevation certificates for their properties, Tim Bryce reports for the Tampa Tribune.
It’s now easier for Florida landowners to plan prescribed fires and manage wildlife habitats, the Associated Press reports via Sarasota Herald-Tribune.
Florida lawmakers are pushing the use of telemedicine to provide better health care access to rural communities and to help curb inflation, The Florida Current’s James Call reports.
State agencies would be required to report on their rulemaking procedures to lawmakers more frequently and outline their efforts to implement new rules to conform to newly enacted laws under a proposed bill from the House Rulemaking, Oversight and Repeal Subcommittee, The Florida Current’s Gray Rohrer reports.
Oklahoma Insurance Commissioner John D. Doak is encouraging Oklahomans to purchase earthquake insurance after a new report predicts continued seismic activity in the central part of the state, Insurance Journal reports.
Superstorm Sandy is the second costliest landfalling U.S. storm on record, and ranks as one of the most destructive events in U.S. history, writes Jeff Waters, a senior manager and meteorologist at catastrophe modeler Risk Management Solutions. His bylined column appears today in National Underwriter’s PropertyCasualty360.com.
Nearly half (45 percent) of risk managers expect terrorism coverage limits to decrease if TRIA is not re-authorized, shows a poll by the Risk and Insurance Management Society (RIMS), and a quarter believes this would terminate terrorism coverage entirely, Ana Khalamayzer reports for National Underwriter’s PropertyCasualty360.com.
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