Capitol to Courthouse Florida Insurance Report–Monday, June 9, 2014
Jun 9, 2014
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
2:00 p.m.–Florida Insurance Guaranty Association Board of Directors’ meeting. Tallahassee, Florida. Discussion on Sunshine State Insurance Company. To view the meeting notice, click here.
Daily Florida Insurance-Related News
As Seas Rise, Florida’s Top Republicans Balk At Climate Change
Yet as other coastal states and the Obama administration take aggressive measures to battle the effects of global warming, Florida’s top Republican politicians are challenging the science and balking at government fixes, Associated Press reports via SaintPetersBlog.com.
Scientists race to save coral doomed by Port of Miami dredging
Miami scientists scrambled this week to rescue a crop of unusually hardy coral from an unlikely underwater garden at the bottom of one of the world’s busiest shipping channels. The coral, which may hold clues about how sea life adapts to climate change, is growing in Government Cut, Jenny Staletovich reports for the Miami Herald via the “Naked Politics” blog.
Letter to the Editor Calls Out Florida’s Definition of “Manufactured Homes”
Florida still calls manufactured homes “mobile.” This leads to appraisal and insurance valuation problems, a FloridaToday.com reader explains.
Zack’s Bull of the Day is Florida’s Federated National
Growth isn’t just happening in the sexy sectors and stocks, it’s also happening in the tried-and-true insurance business. One of the companies in this industry is Zack’s Bull of the Day, Federated National Holding Company.
Miami-Dade escalates penalties against Lyft drivers
Under pressure from existing taxicab and limousine owners, Miami-Dade County has escalated its enforcement of the defiant car-service industry, joining forces with the Miami-Dade Police Department to catch scofflaw drivers, the Miami Herald’s Patricia Mazzei reports via the “Naked Politics” blog.
Charlie Crist Wins Endorsement Of Florida AFL-CIO
The Florida AFL-CIO is opposed to many of the policies of Republican Rick Scott, so there has never been any doubt that the state’s largest labor union would eventually support the Democratic nominee for governor, SaintPetersBlog.com reports.
Rick Scott signs in-state tuition bill
Florida students living in the country illegally will be allowed to qualify for in-state college tuition rates under a bill signed into law by Governor Rick Scott, Florida Times-Union’s Matt Dixon reports on the “Political Fix Florida” blog.
Governor Rick Scott supports controversial rail project on Florida’s east coast
Governor Rick Scott, who faced intense criticism for rejecting federal money for high-speed rail from Tampa to Orlando, has new train troubles for favoring a controversial rail project on Florida’s east coast, Tampa Bay Times’ Steve Bousquet reports.
Meet the Florida reporter running for Congress
Alan Cohn, an award-winning former investigative reporter for WFTS-Ch. 28 in Tampa Bay, is convinced that his reporting background could prove to be a big help challenging U.S. Rep. Dennis Ross, R-Lakeland, Tampa Bay Times Adam Smith reports.
Drones to be flown into hurricanes to help improve storm forecasts
Small drones called Coyotes were developed in the aftermath of Hurricane Sandy and will be tested for the first time this hurricane season. They’ll be launched into the eye of tropical systems to detect barometric pressure changes, the Sun-Sentinel’s Ken Kaye explains.
The future of hurricanes, a $10 trillion question
Experts say the lull represents the calm between the storms, and a bleak-or-bleaker debate continues over whether the Atlantic basin will be a busy tropical-storm brewery for perhaps the next two decades — or in perpetuity, Anthony R. Wood reports for The Philadelphia Inquirer via InsuranceNewsNet.com.
One Catastrophe Won’t Scare Away Alternative Capital, S&P Panelists Guy Carpenter, Nephelia Say
Catastrophe bond and insurance-linked securities (ILS) issuance have surged to record levels this year thanks to the continuing influx of alternative capital into the reinsurance market, leaving credit analysts and industry executives with questions about the challenges and benefits this new capital creates and if capital markets investors would buy bonds covering new perils, Insurance Journal reports.
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