Capitol to Courthouse Florida Insurance Report–Wednesday, October 1, 2014
Oct 1, 2014
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There are no events scheduled for today.
Flagler County Emergency Management reported that 56 residents had some kind of damage to their home, a much larger number than reported over the weekend. In addition, nine people reported damage to their vehicle. But no one has had to evacuate a single home despite damage, FlaglerLive.com reports.
Florida was among 21 states – including some big Democratic-led states, such as California – that have been required to widen Medicaid eligibility for children between the ages of 6 and 18 by 2014, the Miami Herald reports.
A Plant City insurance agent and financial advisor will serve at least 21 months in prison on a charge she defrauded elderly clients of $200,000, officials say. Tampa Tribune’s Dave Nicholson reports via InsuranceNewsNet.com.
Fannie Mae and Freddie Mac shares fell to the lowest levels in several months Tuesday as observers debated the significance of new legal developments that may affect investors in the government sponsored enterprises. A Federal Housing Finance Authority case in Florida involves several “extremely low-income tenants without any permanent housing,” according to a recent court order, Dan Freed reports for The Street.
Across Florida, parents are pushing back on standardized tests. Some say schoolchildren are taking too many exams. Others have concerns about the quality of the tests, and the way the results are being used. The Miami Herald’s Kathleen McGrory reports via “The Buzz” blog.
Florida’s top economic-development leader may be attempting to convince state lawmakers to allow more leeway on state incentives packages through a program known as the “Quick Action Closing Fund,” THE NEWS SERVICE OF FLORIDA’s Jim Turner reports via SunshineStateNews.com.
Longwood Commissioner Bob Cortes resigned from his seat this week because he will soon move into Altamonte Springs to run for Florida House District 30, Orlando Sentinel’s Martin E. Comas reports.
Democrat William Rankin has challenged Chief Financial Officer Jeff Atwater to a debate, but just like nearly everything else with Rankin’s campaign the idea is not gaining much traction, Tampa Bay Times’ Tia Mitchell reports via “The Buzz” blog.
Flagler County Tax Collector Suzanne Johnston was recognized for her efforts to inform young, first time drivers of the dangers of driving impaired, FlaglerLive.com reports.
Contradicting a Consumer Federation of America report issued this week, the Insurance Information Institute explains via InsuranceNewsNet.com that actual expenditures convey the true story of U.S. auto insurance coverage affordability while the number and cost of actual claims drive the price of auto insurance in every state and community in the country.
The negative impact of climate change on property and casualty insurers seems obvious at first glance, inasmuch as much of their business revolves around protecting against property damage arising from extreme weather events. Seeking Alpha’s Brett Horn reports.
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