Capitol to Courthouse Florida Insurance Report: Monday, September 28, 2015
Sep 28, 2015
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
- Florida Workers’ Compensation Joint Underwriting Association Producer Appeals Committee meeting. Tampa, Florida. To view the meeting notice, click here.
Daily Florida Insurance-Related News
Florida researchers working to protect homes from hurricanes
Florida researchers have been working to perfect systems that transmits data from sensors that measure temperature and pressure and an anemometer, which measures wind, that will help them understand the impacts on of strong winds from tropical cyclones on residential structures. Chris Bonnano reports for FloridaToday.com.
Florida Peninsula Adds Jobs, Expands in Boca Raton
An increase in new home construction and home ownership has upped the demand for insurance products and Florida Peninsula intends to hire to meet homeowners’ needs, Nina Lincoff writes for the South Florida Business Journal.
AmTrust buys Wells Fargo’s Florida servicer Warranty Solutions for $158 Miillion
U.S.-based AmTrust Financial Services has completed the acquisition of Wells Fargo business, Warranty Solutions, for around $158 million in cash, Insurance Business Review reports.
House, Senate plan to start with staff-drawn Senate maps in next redistricting round
In an exchange of letters released late Friday, House and Senate redistricting chiefs are vowing to work better together when they begin drawing new Senate district boundaries next month. The Palm Beach Post’s John Kennedy reports via the “Post on Politics” blog.
- Florida redistricting fight fueled by conflict and ambitions in drawing Senate map
- House and Senate Look to Move Forward
Report says only 1 in 8 unemployed Floridians receives aid – lowest rate in the country
Ain’t No Sunshine: Fewer than One in Eight Unemployed Workers in Florida Is Receiving Unemployment Insurance is the new report issued from the National Employment Law Project. Mitch Perry reports for SaintPetersBlog.com.
Florida loses $400M in jobs fraud grant
The U.S. Department of Labor divvied up $10 million worth of federal funding among 23 states to fight the problem of jobs fraud known as worker misclassification, but Florida didn’t get a penny. The Miami Herald’s Nick Nehemas reports via the “Naked Politics” blog.
Costly scramble for Nancy Detert’s Florida Senate seat
Fundraising chops are always important in politics, but even more so during a presidential year when the public will be more focused on national campaigns and local candidates will struggle to break through the noise. The Sarasota Herald-Tribune’s Zac Anderson reports via the “HT Politics” blog.
State Representative Charles McBurney Applies to be Jacksonville-Area Judge
State Representative Charles McBurney is one of 33 people to apply for two circuit judgeships in the Jacksonville-based 4th Judicial Circuit that are becoming vacant this year when Mallory Cooper and Lawrence Haddock face mandatory retirement. Larry Hannan reports for the Florida Times-Union.
Florida GOP backs off summit threat to presidential candidates
The Republican Party of Florida backed off its plan to force GOP presidential candidates to attend a Florida summit or be stricken from the March 15 primary ballot. Marc Caputo reports for PoliticoFlorida.com.
Five Veteran Missouri Insurance Regulators Appointed to New Roles
Missouri Department of Insurance Director John M. Huff has appointed five veteran regulators to new and expanded leadership roles, Insurance Journal reports.
Federal Reserve Governor Discusses Capital Regulation of Nonbank Intermediaries
In light of this recent history and, more generally, of the steady growth of nonbank financial intermediaries, to what degree should they be subject to the capital regulations developed by the Basel Committee on Banking Supervision and applied to bank holding companies in the United States and to all commercial and investment banks in Europe? U.S. Federal Reserve Governor Daniel K. Tarullo speaks at a banking conference in France.
Duperreault’s Hamilton Seeking Takeovers as IPO Likely
Hamilton Insurance Group Ltd., the company backed by hedge fund firm Two Sigma, is seeking more takeovers as CEO Brian Duperreault builds a business that he expects to take public. Bloomberg’s Sonali Basak reports via Insurance Journal.
Reinsurers look to casualty market for better returns
The U.S. casualty market continues to soften in part because many underwriters have diversified into casualty as property catastrophe rates have fallen, said David Priebe, vice chairman of Guy Carpenter & Co. L.L.C. Sarah Veysey And Matthew Lerner report for Business Insurance.
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