Capitol to Courthouse Florida Insurance Report: Monday, August 24, 2015
Aug 24, 2015
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Daily Florida Insurance-Related Events
There are no insurance-related events scheduled for today.
Daily Florida Insurance-Related News
Australia Looks to Florida’s Citizens Property Insurance For Answers to Lowering Premiums
With Australia’s Commonwealth considering a government-backed insurer for cyclone-battered North Queensland, Florida’s equivalent says the model can work as an insurer of last resort. Liam Walsh reports for Australia’s Courier Mail.
Study: Credit report not why Florida homeowners insurance premium tops U.S.
U.S. homeowners with poor credit can pay twice as much for property insurance as those with excellent credit in 38 states, a study out today finds, but insurers don’t seem to bother in Florida, since it already has the country’s highest home insurance premiums. The Palm Beach Post’s Charles Elmore reports via the “Protecting Your Pocket” blog.
AAA Survey Finds Almost Half Of Floridians Not Prepared For A Hurricane
A recent AAA survey found that close to half of Florida residents are not prepared for a possible hurricane. Ryan Benk reports for WJCT-TV.
Uber, Lyft appear to be in South Florida to stay
Broward and Palm Beach counties, reeling under a wave of consumer protests about their attempts to clamp tough controls on the ride-sharing companies, are drafting new ordinances that will make it easier for them to operate. Miami-Dade County may be about to do the same. The Miami Herald’s Mike Vasquez and Glenn Garvin report.
Florida hospitals concerned over proposed changes in Low Income Pool funding
A battle between the state and federal government over funding for Florida hospitals could be starting all over again. Christine Sexton reports for PoliticoFlorida.com.
Divided Florida Legislature ends Special Session with no new map
Florida’s Republican-controlled Legislature shut down its work Friday on a new congressional map, as infighting and finger-pointing led to the meltdown of yet another legislative session. The Associated Press reports via SaintPetersBlog.com.
Legislative fighting likely to impact October redistricting session
Forget the internal strife, institutional slugfests and backroom derision. At least publicly, Florida’s legislative leaders say there’s nothing to see here. Matt Dixon reports via PoliticoFlorida.com.
- Move to let court draw maps could reshape Florida politics – again
- Clock is Ticking for Politicians Even as Redistricting’s Still Up in the Air
Foreclosure starts spike in Florida after months of decline
More foreclosures may be coming after the Florida Supreme Court makes a ruling on whether there is a statute of limitations to foreclosures in the state. The Associated Press reports via the Orlando Sentinel.
MetLife Again Seeks Dismissal Of SIFI Designation
MetLife has asked a federal judge to dismiss once and for all its designation as a systemically important financial institution, a move that would lead to more regulatory oversight of the company, according to court documents filed Friday. Cyril Tuohy reports for InsuranceNewsNet.com.
Texas Lawmakers Say Lawsuit Relief Needed for Windstorm Association Depopulation Plan to Work
A new law that becomes effective September 1 in Texas will give the state’s property insurer of last resort for wind and hail along the coast more leeway in a plan to reduce its overall exposure by incenting private insurers to take over its policies. Stephanie K. Jones reports for Insurance Journal.
Hardy Named an Assistant Director at Ohio Department of Insurance
Lieutenant Governor Mary Taylor has named Andy Hardy as the assistant director of legislative affairs and communications for the Ohio Department of Insurance, Insurance Journal reports.
Part 1–National Insurance Crime Bureau and Hurricane Katrina: A 10-Year Retrospective
Beginning today-and every day this week-the National Insurance Crime Bureau will release segments of a five-part documentary video that provides first-hand recollections of the organization’s employees and law enforcement personnel as they reflect on their roles in the aftermath of Hurricane Katrina.
Beyond Katrina: Lessons in Mitigation, Insurance and Community
Building resiliency is a complex challenge that requires actions from governments, business owners, non-governmental organizations and individuals, say the authors of Beyond Katrina: Lessons In Creating Resilient Communities, released by Zurich Insurance and the Wharton Risk Center at the University of Pennsylvania. Insurance Journal has the report.
Courts Need a Better Appreciation of the Principles of Depreciation
The distinction between the cost of materials and the cost of labor is at the core of a current controversy about how replacement costs should be calculated, Right Street’s Ian Adams blogs on Insurance Journal.
LifeInsurance.sucks, NewYork.sucks, Dyson.sucks: Tales from the Feared Domain
The launch of the “.sucks” domain back in March has sent a wave of panic through company public relations teams, Bloomberg’s Olivia Solon reports via Insurance Journal.
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