Capitol to Courthouse Florida Insurance Report: Friday, May 1, 2015
May 1, 2015
Above: Colodny Fass Managing Partner and Founder Mike Colodny (middle) Was Named a “Leader in Law” This Week By South Florida Business and Wealth Magazine
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
10:00 a.m.–Florida Workers’ Compensation Insurance Guaranty Association Board of Directors meeting. To view the meeting notice, click here.
Daily Florida Insurance-Related News
Risk Transfer Success Leads to Ratings Upgrades for Florida Citizens
Citizens’ efforts to slim down its portfolio and shift more risk to private reinsurance markets already are paying off in a big way, Ray Lehman blogs for Insurance Journal.
Citizens to offer credit monitoring in wake of errors
Nearly 20,000 policyholders of Citizens Property Insurance will be offered a year of free credit monitoring because some of their information was sent to a wrong address. THE NEWS SERVICE OF FLORIDA’s Jim Turner reports via the Palm Beach Post.
In South Florida Business and Wealth Magazine’s “Ultimate Court of Recognition,” veteran lawyer Mike Colodny won the 2015 “Insurance” category at this week’s annual “Leaders in Law” awards, which drew an estimated 500 South Florida legal professionals to the toney Dania Beach event.
Supreme Court gives the Florida House until 10 a.m. to respond to early exit lawsuit
The Florida Supreme Court has ordered the Florida House to submit a response by 10 a.m. Friday, May 1, to the lawsuit filed today by the Senate Democratic Caucus, accusing the House of violating the constitution. The Miami Herald’s Mary Ellen Klas reports via the “Naked Politics” blog.
Florida Senate President calls for June special session
Florida Senate President Andy Gardiner is offering to hold a June special session to reach a deal on a new state budget, the Associated Press reports via the Tampa Tribune.
Lovelorn Lawmakers and Medicaid Messaging
Like jilted lovers left standing at the altar, Florida senators repeatedly castigated their House partners for abandoning them — and their issues — during floor debate Wednesday. THE NEWS SERVICE OF FLORIDA’s Dara Kam takes a look at the status of Session 2015 in SunshineStateNews.com.
U.S. Supreme Court Rules Finds Florida Elected Judges Aren’t Politicians
The U.S. Supreme Court held that Florida may prohibit judges running for office from directly soliciting money from contributors, Bloomberg’s Noah Feldman reports via Insurance Journal.
California judge orders Google to turn over data on Governor Scott’s g-mail account
In a major defeat for Governor Rick Scott, a California judge on Thursday ordered Google to turn over the computer IP addresses for all correspondence to and form the governor’s private G-mail account since Jan. 15, 2011, and the accounts of two of his former staff. The Miami Herald’s Mary Ellen Klas reports via the “Naked Politics” blog.
Life Insurers Ask Congress For Changes In SIFI Designation Process
The American Council of Life Insurers said its members believe there are flaws in the process for designating non-bank entities, such as insurers, as systemically important financial institutions, Arthur Postal reports for InsuranceNewsNet.com.
New York’s New Regulations Aim to Reduce Title Insurance Costs
New York Governor Andrew Cuomo announced new regulations this week that would crack down on what officials describe as kickbacks and other improper expenditures in the state’s title insurance industry, Insurance Journal reports.
Could New Insurance Players Disrupt the Market?
Even though there is good money to be made via commissions for writing auto policies, Google’s ultimate intent is probably more strategic, TrustedChoice.com’s Marty Agather reports via Insurance Journal.
Bitcoins: The Next Cyberinsurance Risk?
Along with a rocky startup linked to the illegal drug trade, insurers that consider the possibilities of protecting Bitcoin users have other lingering concerns, Kathy Finn reports for Insurance Journal.
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