Capitol to Courthouse Florida Insurance Report: Monday, September 16
Sep 16, 2013
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
8:30 a.m.–Florida Automobile Joint Underwriting Association Board and Committee meetings. Tampa, Florida. Teleconference: (877) 826-6967; conference ID: 2867636526#.
2:00 p.m.–Florida Workers’ Compensation Insurance Guaranty Association Board of Directors meeting. Tallahassee, Florida. To view the meeting notice, click here.
Daily Florida Insurance-Related News
Security First Insurance cuts rates
Here’s something you don’t hear every day: More than 6,000 homeowners in Broward and Palm Beach counties will soon receive lower property insurance bills, Maria Mallory White writes for the Sun Sentinel.
Lawmaker Says Drop Out Of State Customers From Citizens Insurance
Rep. Bill Hager, R-Delray Beach, said that lawmakers next year could discuss prohibiting people who don’t live in Florida from being eligible for coverage from Citizens, THE NEWS SERVICE OF FLORIDA reports via NorthEscambia.com.
Column: It’s hard to see insurance truths
According to conventional wisdom, state-run Citizens Property Insurance has grown into a monster, putting all Floridians at risk of surcharges and assessments if The Big One hits, Sun-Sentinel columnist Mike Mayo writes.
Blog: Scott’s blind trust complies with new law, Ethic Commission decides
The blind trust that Gov. Rick Scott set up two years ago to manage a large part of his finances still meets the approval of the Commission on Ethics, Rochelle Koff writes for the Tampa Bay Times.
Will she or won’t she? Alex Sink wavers on governor’s race
Alex Sink, otherwise known as Hamlet from Hillsborough, is still grappling with whether to run for governor again in 2014, writes Adam Smith and Marc Caputo for Tampa Bay Times.
Florida Cabinet races highlight Republicans’ deep bench
Two potential rivals as the future standard-bearer for the Florida GOP are gearing up for their 2014 re-election campaigns, but for Attorney General Pam Bondi, the start wasn’t what she envisioned, Halifax Media’s Lloyd Dunkelberger writes for Daytona Beach News Journal.
Bill Gunter far ahead in fundraising for House District 36 race
Florida’s Republican Party establishment has helped its chosen candidate in a special Pasco County election, Presbyterian minister Bill Gunter, raise more campaign cash than all three of the other contestants running to succeed former state Rep. Mike Fasano, Bill Cotterell reports for The Florida Current.
Florida officials lift tobacco ban in prison work camps
Corrections officials quietly reversed a blanket ban on tobacco at prisons this summer and are now allowing inmates at work release centers to have up to 10 packs of cigarettes each, THE NEWS SERVICE OF FLORIDA’s Dara Kam reports via the Miami Herald.
Louisiana Citizens lowering commercial property rates
The state-run property insurer of last resort plans to lower commercial rates. The Advocate reports that the bulk of those cuts would benefit the 352 commercial policyholders Louisiana Citizens Property Insurance Corporation covers in coastal areas.
Efforts aim to preserve key Alabama shoreline parcel
Economic conditions in the real estate market, recent hurricane impacts and insurance rate hikes because of them have combined to severely curtail beachfront development, writes Jeff Dute for Alabama.com.
TRIA: To Extend or Not to Extend
With so much excess capital sloshing around the global reinsurance markets these days – much of it sourced from hedge funds, who have been setting up their own reinsurers or backing special purpose vehicles for catastrophe risk – reinsurers and large commercial property insurers appear more and more to have gotten over any hesitancy they once had about terrorism risks, at least in the property catastrophe lines, Ray Lehman writes in his “R-Street” blog via Insurance Journal.
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