Capitol to Courthouse Florida Insurance Report: Monday, December 21, 2015
Dec 21, 2015
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Daily Florida Insurance-Related Events
There are no insurance-related events scheduled for today.
Daily Florida Insurance-Related News
Flood insurance program could be under water without Florida policies
So someone came up with the bright idea to raise flood insurance rates to more profitable levels. How were those levels determined? Well, explanations were kinda vague. Tampa Bay Times columnist John Romano explores the issue.
Steve Crisafulli says Governor may get his $1 billion in tax cuts
Florida House of Representatives Speaker Steve Crisafulli on Friday said lawmakers may well give Governor Rick Scott his requested $1 billion tax cut in next year’s state budget. James Rosica reports for SaintPetersBlog.com.
Florida House proposes another State Retirement Pension Change
The Florida House wants to default new Florida Retirement System members to its 401k-style plan versus its pension plan, but members from the chamber have yet to provide a logical explanation as to why it’s a good idea, Arek Sarkissian reports via Scripps’ “Political Fix Florida” blog.
Florida appeals court splits over “cruel and unusual punishment” question
A Tallahassee-based appeals court panel on Friday split 2-1 over whether a life sentence for touching an 11-year-old girl’s breast over her clothes is cruel and unusual punishment as banned by the U.S. Constitution, James Rosica reports for SaintPetersBlog.com.
Abruzzo, Sachs showdown possible if Florida Senate map redrawn
A judge in Tallahassee has not yet approved a new map of Florida Senate districts, but Democratic insiders in Palm Beach County are already bracing for a possible showdown between Democratic Senators Joseph Abruzzo and Maria Sachs. George Bennett reports for the Palm Beach Post.
Housing costs in Florida Keys prohibitive for base employees
The military is having a tough time retaining civilian employees at Naval Air Station Key West because of a lack of affordable housing. The Associated Press reports via the Tampa Tribune.
Increase in cremations means big money for Florida counties
The only two certainties in life – death and taxes – are proving to be quite a windfall for county governments in Florida. The Miami Herald’s Jeremy Wallace reports.
Study: Billions at Stake if Pace of Land Loss Continues on Louisiana Coast
A new state study places a price tag on the costs Louisiana could suffer if land loss continues at the pace predicted by scientists – and it’s in the billions of dollars. The Associated Press reports via Insurance Journal.
Leman Elected as Chair of Texas Insurance Trade Group
Allstate Regional Counsel Robert Zeman has been elected to serve as chairman of the board of directors of the Insurance Council of Texas, Insurance Journal reports.
Best Maintains Negative Outlook on Global Reinsurance Sector
A.M. Best announced that it is holding to “its 2016 outlook for the global reinsurance sector at negative, citing the significant ongoing market challenges that will hinder the potential for positive rating actions over time and may eventually translate into negative rating pressures.” Insurance Journal reports.
Milliman Report on Europe, Japan, Asia Insurers Sees Increased Embedded Value
Global consulting and actuarial firm Milliman, Inc. has announced the availability of two new reports detailing embedded value results for 32 major insurance companies in Europe and Japan and 14 major insurance companies operating in Asia, Insurance Journal reports.
Plan to limit flood insurance has failed to protect the poorest, UK leader says
A Cumbrian leader claims his constituents cannot afford flood insurance even though a deal between the industry and Government was supposed to make cover affordable since 2001. Mark Leftly reports for The Independent.
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