Capitol to Courthouse Florida Insurance Report: Tuesday, July 16
Jul 16, 2013
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 insurance-related events scheduled for today.
Craig Fugate, the former Florida chief of emergency management who now runs FEMA, is among the names of possible being tossed about as a possible replacement for Secretary of Homeland Security Janet Napolitano, Alex Leary reports for Tampa Bay Times.
As the nation’s homeowners grapple with the unfairness that is forced-place insurance, it becomes apparent that the state of Florida appears to have the greatest incidence of forced-place insurance, according to Targeted News Service, writes Gordon Gibb for LawyersandSettlements.com.
For the first time, thanks to a new law, the state is required to post online the personal financial disclosures of all public officials, Kathleen Haughney reports for the Sun-Sentinel.
With House Democratic Leader Perry Thurston, D-Fort Lauderdale, facing term limits in 2014, a major Democratic candidate filed his paperwork to launch a bid to replace him in representing parts of Broward County.
Every year between now and 2020, Florida is expected to increase in size by a population equal to that of Orlando – and at this rate will soon pass New York to become the third largest state in the nation, writes Karen Cyphers for SaintPetersBlog.com.
The number of homeless people fell by 10,000 persons from 2012 to 45,000 people, Gray Rohrer reports for The Florida Current.
Florida’s Education Commissioner will recommend tweaks to the formula used to calculate school grades at a specially called meeting of the Board of Education, James Call reports for The Florida Current.
The insurance industry is “financially prepared to pay the claims that may arise out of significant natural disasters in 2013 and beyond,” said Dr. Robert Hartwig, president of the Insurance Information Institute, looking ahead at a predicted active hurricane season.
Reuters reports in PropertyCasualty360.com that New York’s Metropolitan Transportation Authority, the biggest transportation network in North America, is selling a $125 million “catastrophe” bond designed to cover the costs of damage from a future storm or hurricane, investors said on Monday.
Be prepared when you get this year’s bill to insure your home: A growing number of Ohio homeowners will be expected to foot more of the cost to replace or fix their roof, siding or windows because of wind or hail damage.
Broader membership base will better represent the entire wholesale insurance marketplace and lend greater credibility and strength to the entire market
In May, the AAMGA board of directors proposed bylaw changes to broaden the association’s membership base to represent the entire wholesale insurance market, writes AAMGA Board Member Francis Mastowski in National Underwriter’s PropertyCasualty360.com.
A sharknado is not a specifically named peril on a standard homeowners insurance policy. But would your insurer pay up anyway if, as in the instant cult classic Syfy TV movie, a giant tornado blew in from the ocean and dumped thousands of man-eating sharks on your neighborhood?
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