Capitol to Courthouse Florida Insurance Report: Tuesday, June 11
Jun 11, 2013
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There are no Florida insurance-related events scheduled for today.
Florida Governor Rick Scott signed various insurance-related bills into law on Friday, June 7, Colodny Fass& Webb reports in Joan Collier’s WorkersComp360.com.
Florida Governor Rick Scott has signed legislation that is intended to curtail workers’ compensation fraud by creating a statewide database for check cashers, the American City Business Journals reports.
The founder of a tea party organization faces a labor leader in a heavily Republican legislative district for a special election expected to draw light voter turnout today, reports Bill Cotterell for The Florida Current.
The Sun-Sentinel’s Mike Mayo answers questions like, “Having problems with the confusing “opt-out” process if your Citizens homeowners policy has been selected for a takeover by a new insurance company?” or “Have you gotten the runaround from the new company, or did you not get properly notified to begin with?”
A hearing officer recommended Monday that a three-person panel reinstate Florida Highway Patrol Trooper Charles Swindle, who was fired in 2012 after writing a no-proof of insurance ticket to Florida legislator, Matt Dixon reports for the Jacksonville Times-Union.
On May 31, the Florida Department of Transportation announced it was re-calculating yellow-light durations assuming drivers had a slower reaction time, giving about an extra four-tenths of a second before yellow lights turned red. All intersections with red-light cameras will be recalculated by the end of the year. Every other intersection in Florida will be recalculated by June 30, 2015, reports Andrew Pantazi of the Jacksonville Times-Union.
At least 10 insurance companies are expected to participate in Florida’s health insurance exchange mandated by the Affordable Health Act, Jane Meinhardt reports for Tampa Bay Business Journal.
A bill pending before Florida Governor Rick Scott would offer rebates to cities or companies that convert gas-powered fleets to natural gas, and makes natural gas sales tax-exempt for five years under a newly minted tax structure, blogs Matt Dixon for the Jacksonville Times-Union.
Julia Rathgeber, newly appointed Commissioner of the Texas Department of Insurance, will speak at the 21st annual Mid-Year Property and Casualty Insurance Symposium, Insurance Journal reports.
Britain’s Lloyds Banking Group said it had ended a contract with Deloitte after problems were uncovered in the way a call centre operated by the business services firm handled customer complaints about mis-sold loan insurance, Reuters reports.
Surprisingly, property-casualty carriers have more capital on hand to support their earnings performance
David Katz of CFO Magazine writes that the property-casualty insurance industry is sitting on mountains of cash that could be used to support cheaper prices, a recent Conning report on the insurance industry’s loss reserves suggest.
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