Capitol to Courthouse Florida Insurance Report: Friday, July 31, 2015
Jul 31, 2015
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Daily Florida Insurance-Related Events
There are no insurance-related events scheduled for today.
Daily Florida Insurance-Related News
Florida Hurricane Catastrophe Fund Reinsurance Buy Should Reassure Floridians.
The Florida Hurricane Catastrophe Fund’s purchase of $1 billion in reinsurance coverage this past spring was a shrewd move that provides additional protection for Floridians at a roughly comparable rate than borrowing money and adding new debt. Association of Bermuda Insurers and Reinsurers Bradley Kading offers his editorial opinion in the Orlando Sentinel.
Millions spent, still no solution for flooding in Pasco’s Trinity
Despite government studies and band-aid projects that have cost taxpayers millions, neither Pasco nor the Southwest Florida Water Management District can keep the area from flooding, Steve Andrews reports for WFLA-TV.
Residents react to bounce house policy at Clewiston parks
At their regular meeting on Monday, July 20, Clewiston commissioners voted to suspend all private parties with bounce houses and other inflatables on city parks except Sugarland Park for 30 days. Melissa Beltz reports for The Clewiston News.
Fort Lauderdale bars rally in support of Uber
South Floridians who depend on Uber to get to and from Fort Lauderdale bars rallied Thursday in support of the company, making a case that the app-based ride service saves them money and gets them home safely. Miriam Valverde reports for the Sun-Sentinel.
Consumer Reports points out use of credit scoring in Florida insurance rates
In Florida, the average annual premium for those with an excellent car insurance credit score is about $1,400, Consumer Reports says. WSYR-TV has the story.
Insta-Loophole: In Florida, High-Cost Lenders Skirt the Law
The largest title lender in the country has swept into Florida, offering a new version of the loans that effectively allow it to charge the sort of sky-high rates the law was supposed to stop. ProPublica’s Paul Kiel reports for the Florida Center for Investigative Reporting.
Election scramble makes Florida pivotal in 2016
Political analysts say 2016 election results in Florida could determine whether Democrats regain majority control in Congress and retain control of the White House. William Gibson reports for the Sun-Sentinel.
Jeff Atwater hosting “Treasure Hunt” to auction off $700,000 in unclaimed property
Florida Chief Financial Officer Jeff Atwater is asking members of the public to come to Jacksonville this weekend to participate in an auctioning off of hundreds of thousands of dollars in property, held in what is essentially the massive state “lost and found” that his office oversees. SaintPetersBlog.com’s Ryan Ray reports.
Naples Tops Forbes’ Best Cities for Job Growth List, Florida Governor Rick Scott Notes
Naples topped Forbes list of Best Cities for Job Growth, with Cape Coral, Orlando, Ocala, Port St. Lucie, and North Port ranking in the top 10, NationalInsuranceNews.com reports.
Florida Lottery exploring ticket sales online and at bank machines
The Florida Lottery is considering selling lottery tickets online or at ticket terminals installed alongside automated teller machines. The Associated Press reports via the Naples Daily News.
State Farm Katrina whistleblower suit sent back to lower court to broaden search
The whistleblower suit filed in 2006 against State Farm Fire and Casualty Insurance Co. over wind and flood damage linked to Hurricane Katrina is a long way from being over, Jack Weatherly reports for the Mississippi Business Journal.
NCOIL President Neil Breslin’s Letter to U.S. Department of Labor on “Fiduciary” Definition
In a July 28, 2015 letter to U.S. Department of Labor Secretary Thomas E. Perez on his agency’s proposed revisions to the definition of “fiduciary” in relation to ERISA plans and IRAs, National Conference of Insurance Legislators President and Senator Neil Breslin urged consideration of the impact on the insurance marketplace, NationalInsuranceNews.com reports.
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