Capitol to Courthouse Florida Insurance Report: Friday, August 2
Aug 2, 2013
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Daily Florida Insurance-Related Events
There are no insurance-related events scheduled for today.
Daily Florida Insurance-Related News
Editorial: People Deserve The Facts About Red Light Cameras
Florida Sen. Jeff Brandes has clear opinions about the use of red-light cameras on state and local roads – he’s opposed – but, for now, he’s doing a good impression of “Dragnet’s” Sgt. Joe Friday. a Lakeland Ledger editorial says.
Blog: State Representative Frank Artiles, a public adjuster, might run for Congress
State Rep. Frank Artiles is examining a run for Florida’s most-scandalous Congressional seat in a bid that could spell a bloody GOP primary in the shadow of big-dollar outside interests from the Genting Group casino company to the Miami Dolphins, blogs Marc Caputo for the Miami Herald.
Author of Florida’s Unfair Trade Practices Act Dies
Arthur Jay England Jr., a Florida Supreme Court justice from 1975-1981 and its chief justice from 1978-1980, authored Florida’s Corporate Income Tax Code, the 1973 Deceptive and Unfair Trade Practices Act – known as the “Little FTC Act” – and the Florida Administrative Procedures Act, the Miami Herald reports.
Assurant won’t enter Florida insurance exchange till 2015
Milwaukee-based Assurant Health says it will participate in Affordable Care Act state insurance exchanges starting in 2015, and disputed an earlier report about entering the Florida marketplace in 2014, Rich Kirchen reports for the Milwaukee Business Journal.
Florida Education Commissioner Resigns
Education Commissioner Tony Bennett resigned Thursday saying he did nothing wrong, that he will be cleared of allegations he manipulated school grades in Indiana to benefit a prominent campaign contributor, and that he does not want to distract from efforts to improve Florida schools.
- Florida to name interim schools chief Friday after resignation
- Tony Bennett’s Resignation Buoys Testing Critics
- Blog: Democratic lawmakers to call for return of elected Education Commissioner
Blog: Obama taps anti-money laundering state attorney to be South Florida’s U.S. Marshal
Amos Rojas Jr., who heads anti-money-laundering efforts for the Miami-Dade State Attorney’s Office, was nominated Thursday by President Barack Obama to serve as the U.S. Marshal for the Southern District of Florida, Marc Caputo reports for the Miami Herald.
Proposed nuclear plant scrapped over Florida law changes
Duke Energy Florida announced Thursday it was canceling its proposed nuclear plant in Levy County as part of a multiyear agreement with consumer advocates.
Rick Scott’s fundraising committee at $9.3 million for 2013
After collecting $3.2 million in June, fundraising slowed a bit in July for the political committee backing Gov. Rick Scott’s re-election bid, THE NEWS SERVICE OF FLORIDA reports via SaintPetersBlog.com.
Republican Trial Lawyer Waylon Thompson Joins Bay County’s Crowded House Race
This week, Panama City trial attorney Waylon Thompson joined a crowded field of Republican candidates who are running for the Florida House seat currently held by Rep. Jimmy Patronis, R-Panama City, who faces term limits in 2014, Kevin Derby reports for SunshineStateNews.com.
Jacksonville Internet café reopens to test new laws
A Jacksonville “Internet café” reopened only a few months after the Florida Legislature outlawed the strip-mall gaming centers, as a test case on how they can adapt to the new laws, SaintPetersBlog.com reports.
GC Securities, RMS Involved in First-Ever Cat Bond for Storm Surge
Reinsurance intermediary Guy Carpenter and catastrophe modeling firm Risk Management Solutions say they helped the Metropolitan Transportation Authority sell the first-ever bond to protect against storm surge, Chad Hemenway reports for National Underwriter’s PropertyCasualty360.com.
Fitch Warns of Strong Market Impact if TRIA Isn’t Reauthorized
A new report by Fitch Ratings paints a dire picture if Congress’ fails to renew the Terrorism Risk Insurance Act, Arthur Postal reports for National Underwriter’s PropertyCasualty360.com.
NAIC Approves Pursuit of Confidential Data Model Law
The National Association of Insurance Commissioners is pursuing a new model law to allow for a framework to collect confidential information on insurers’ corporate governance practices, Elizabeth Festa reports for National Underwriter’s PropertyCasualty360.com.
Judge Dismisses Lawsuit Against Dodd-Frank by 11 States and Texas Bank
A lawsuit by 11 states and a Texas bank challenging the Dodd-Frank law’s financial regulation overhaul was dismissed by a federal judge, Joe Rosenblatt reports for Insurance Journal.
Market Report: Reinsurance Deluge
The biggest news in the reinsurance marketplace over the past 12 months has been the influx of an estimated $50 billion in new capital, including more than $35 billion from nontraditional sources such as hedge funds and pension funds, Michael Voelker writes for National Underwriter’s PropertyCasualty360.com.
Ohio’s $55 Million Workers’ Comp Fraud Smackdown
The ongoing efforts of the Ohio Bureau of Workers’ Compensation to detect, investigate and prosecute fraud are paying off, Christina Bramlet reports for National Underwriter’s PropertyCasualty360.com.
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