Capitol to Courthouse Florida Insurance Report–Tuesday, February 10, 2015
Feb 10, 2015
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.
Daily Florida Insurance-Related Events
1:00 p.m. to 5:00 p.m.–Federal Advisory Committee on Insurance meeting. Washington, D.C. To view the meeting notice, click here.
Daily Florida Insurance-Related News
Homeowners Choice President to Retire
HCI Group, Inc. announced today that Scott Wallace, the president of its insurance subsidiary, Homeowners Choice Property & Casualty Insurance Company, plans to retire at the end of May 2015 after 37 years in the insurance industry.
FEMA Issues New Flood Hazard Determinations for Florida, Other States
New or modified Base Flood Elevations, base flood depths, Special Flood Hazard Area boundaries or zone designations, and/or regulatory floodways (hereinafter referred to as flood hazard determinations) as shown on the indicated Letter of Map Revision have been finalized for Florida and other communities, the Federal Emergency Management Agency reports via InsuranceNewsNet.com.
Is South Florida headed toward drought?
Portions of South Florida may fall under drought conditions in coming months, parched from a rainfall deficit of up to 6 inches since the beginning of the dry season. The Sun-Sentinel’s Ken Kaye reports.
University of Florida gets $13.5 million to shoulder citrus greening fight
Citrus greening disease has ravaged Florida’s $10 billion citrus industry since it first arrived in 2005, costing as many as 8,000 jobs and $4.5 billion in crop damage. Jeff Schweers reports for the Gainesville Sun.
Florida’s Brown & Brown Acquires Liberty Insurance Brokers in Philadelphia
Florida-based Brown & Brown Inc. announced that its subsidiary Brown & Brown of Pennsylvania LP has acquired certain assets of Liberty Insurance Brokers Inc. and its related affiliate companies in Philadelphia. Terms of the transaction were not disclosed, Insurance Journal reports.
Florida law enforcement task force seeks to modernize statewide radio system
How modern is Florida’s statewide law enforcement radio system? That is the question a state task force made up of the heads of law enforcement agencies is asking in a recently-commissioned study delivered to Governor Rick Scott, Senate President Andy Gardiner and House Speaker Steve Crisafulli. SaintPetersBlog.com’s Peter Schorsch reports.
Florida considers law to protect digital assets after death
The Florida lawmaker who pushed through a bill to ban the use of biometric data in Florida schools now wants to protect the digital assets of the deceased. Those assets include emails, text messages, online photographs, documents stored in the cloud, electronic bank statements, and social media accounts. Gina Jordan reports for SecureIDnews.com.
Crucial legal question confronts Florida’s voucher program
Opponents to the state’s tax credit scholarship program squared off for nearly two hours Monday against lawyers representing the state and parents of children enrolled in the program, Gary Fineout reports for the Associated Press.
NAIC Selects New President-Elect
John M. Huff, Missouri insurance commissioner, has been chosen president-elect by the National Association of Insurance Commissioners, Arthur Postal reports via InsuranceNewsNet.com.
Texas Insurance Wholesalers Wary of Retail Agent Association MGA
In mid-November 2014, Texas’ largest association of independent retail insurance agents took the unprecedented step of acquiring a managing general agency as a way of providing its members greater access to non-admitted commercial insurance markets. Insurance Journal’s Stephanie K. Jones reports.
Life Insurers to Fed: Insurance SIFIs are not Banks
In a letter to the Federal Reserve dated February 2, the American Council of Life Insurers said the Fed should not treat insurers as banks and should be required to establish separate metrics for insurance companies designated as systemically important financial institutions or as thrift holding companies, Arthur Postal reports via InsuranceNewsNet.com.
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