Capitol to Courthouse Florida Insurance Report: Friday, May 25
May 25, 2012
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Daily Florida Insurance-Related Events
There are no insurance-related events scheduled for today.
Citizens Property Insurance considering rate hike on new policies, but director voted for cap
Citizens interim director Tom Grady, an appointee of Governor Rick Scott, voted in favor of the 10 percent cap on rate increases as a House member in 2009.
Fitch Ratings has assigned an ‘A+’ rating to the following senior secured bonds of the Citizens Property Insurance Corporation.
Florida law enforcement investigating property’s $3 million drop in value
The Florida Department of Law Enforcement is investigating the Collier County Property Appraiser’s Office after an East Naples property dropped from $3.4 million to $237 in appraised value.
Florida appellate court nixes post-injury insurance
A Florida appellate court has reversed a $6.25 million judgment against an insurance company because it was for an injury that occurred four days before coverage was obtained.
Lee Memorial Health System reacts to big insurance payout
Lee Memorial Health System will decide this summer whether to spend up to $1.8 million for outside insurance to protect itself from big-ticket legal claims, its board of directors said.
A Seminole County Circuit Court Judge has decided that flashing your high beams to warn other drivers of a speed trap is protected free speech under the First Amendment.
Security First Insurance Launches All-Inclusive Homeowners Insurance iPhone App
Ormond Beach, Florida-based Security First Insurance will introduce on Friday, June 1 — the first day of the 2012 hurricane season — what it says is the nation’s first all-inclusive iPhone app designed to streamline the homeowners insurance claim process and provide Floridians with access to hurricane preparedness tools they can use to protect their homes.
Florida unemployment compensation draws complaint
Florida is violating federal law with procedural barriers, depriving thousands of jobless workers from receiving unemployment compensation, two legal organizations say in a complaint to the U.S. Labor Department.
Environmentalists battle Florida Department of Environmental Protection, industries on two fronts
Environmentalists including the Clean Network of Florida said they will ask the Florida Supreme Court to require Cabinet approval for a pollution “mixing zone” in the St. Johns River created by a Georgia-Pacific pipeline now under construction.
Voters may decide whether to allow slot machines at Fort Pierce Jai-Alai
Slot machines in Fort Pierce? Not yet, but a decision on whether to allow the machines at Fort Pierce Jai-Alai could come from the county ballot box.
Flying suit that enabled 2,400-foot drop was made in Zephyrhills
When Tony Uragallo’s friend told him he wanted to fall 2,400 feet from a helicopter and not use a parachute, Uragallo was one of the few people who didn’t think he was insane.
Federal Insurance Office Emphasizes International Regulatory Work
Since the Federal Insurance Office selected Michael McRaith as its director over a year ago, it has become apparent how long his to-do list is.
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