Capitol to Courthouse Florida Insurance Report–Wednesday, December 24, 2014
Dec 24, 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.
Daily Florida Insurance-Related Events
There are no events scheduled for today.
Daily Florida Insurance-Related News
Florida Floating Home Owner Loses Another Round in Damages Battle
A South Florida man who two years ago won a U.S. Supreme Court case over the difference between a floating home and a vessel has lost a legal battle against the city of Riviera Beach. The Associated Press reports via Insurance Journal.
Florida Touts Workers’ Comp Market Competition But Warns on Court Rulings
Florida’s workers’ compensation market remains competitive and well-capitalized, with loss ratios that are among the lowest among larger states, according to the latest report from the state’s insurance regulator. Insurance Journal reports.
Florida’s population surpasses New York
The U.S. Census Bureau announced yesterday what many believed inevitable: Florida approached 20 million residents this year and surpassed the Empire State as the nation’s third most populous state. David Smiley reports for the Bradenton Herald.
124 voters cast votes on wrong ballot in Palm Beach County
Poll workers at 11 Palm Beach County precincts gave the wrong ballot to more than 100 voters on election day, according to a report compiled by county Supervisor of Elections Susan Bucher. Christine Stapleton reports for the Palm Beach Post.
Florida Senate, House panels to meet on prisons, conservation, budget
In their initial meetings leading up to the 2015 Legislative Session, Florida Senate committees will gather the week of January 5 to discuss issues such as reforming the Department of Corrections and carrying out a constitutional amendment about environmental preservation. THE NEWS SERVICE OF FLORIDA reports via Orlando Sentinel.
Senate President Andy Gardiner talks about his priorities
Senate President Andy Gardiner laid out his 2015 Legislative Session priorities in an informational meeting with reporters last week. The Miami Herald’s Mary Ellen Klas reports on “The Buzz” blog.
After losing public records suit, Orange County will end Dropbox file sharing
Orange County has abandoned a file-sharing service that lets employees work at home, saying it’s too risky to use in the wake of a court ruling. Orlando Sentinel’s Stephen Hudak reports.
Maryland Insurance Commissioner Goldsmith to Step Down in January
Maryland Insurance Commissioner Therese M. Goldsmith – who was appointed by Democratic Gov. Martin O’Malley in 2011 for a four-year term that ends on May 31, 2015 – will step down from her post on January 21, 2015, a Maryland Insurance Administration spokesperson said. Insurance Journal reports.
GAO Report Questions U.S. Readiness, Coordination to Handle Major Disaster
The U.S. government isn’t fully prepared to handle a nuclear terrorist attack or a large-scale natural catastrophe, lacks effective coordination, and in some cases is years away from ensuring adequate emergency shelter and medical treatment, congressional investigators have found. The Associated Press’ Hope Yen reports via Insurance Journal.
- Click here to access the report
- Businesses Push for Terrorism Insurance Vote When Congress Returns
- USI Insurance Services Launches Terrorism Insurance Underwritten by Lloyd’s
New York DFS Requires Ocwen Reforms, $150 Million in Homeowner Help
New York financial regulators have reached a settlement with Ocwen Financial Corp. requiring the nation’s largest subprime mortgage servicer to reform its practices and provide $150 million to help struggling New York homeowners. The Associated Press’ Michael Virtanen reports via Insurance Journal.
Report: Texas Insurance Industry Impacts State Economy in a Big Way
A new study commissioned by group of state and national trade associations shows that the insurance industry – including both the property/casualty and life/health sectors – positively impacts the Texas economy. Insurance Journal reports.
Amlin secures catastrophe bond with Bermudian insurer
Amlin has completed a $200 million catastrophe bond with a Bermuda-based special purpose insurer that will provide it with reinsurance coverage for US-named storm, US earthquake and European windstorm perils. Bermuda Reinsurance Magazine reports.
Democrats trump Republicans when it comes to tapping rich for political cash
For as often as Democrats attack the conservative billionaires Charles and David Koch for their heavy spending on politics, it’s actually the liberal-minded who shelled out the most cash on the just completed midterm elections. The Associated Press reports via the Florida Times-Union.
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