Capitol to Courthouse Florida Insurance Report–Thursday, June 26, 2014
Jun 26, 2014
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Daily Florida Insurance-Related Events
There are no events scheduled for today.
Daily Florida Insurance-Related News
Citizens delays moving policies to private companies
Citizens Property Insurance will delay putting existing policies into a clearinghouse designed to shift property owners into the hands of private companies, THE NEWS SERVICE OF FLORIDA’s Jim Turner reports via the Orlando Sentinel.
Florida’s largest insurer votes to lower rates
Florida’s largest property insurer, which has more than 928,000 policyholders across the state, plans to drop its rates in 2015 after raising them the four previous years, the Associated Press reports via the Tampa Tribune.
- Citizens raises rates for condo owners and coast
- Citizens Worries New Rate Cuts Will Compete With Private Insurers
Alex Sink endorses former Florida Insurance Consumer Advocate Sean Shaw in House District 61
Former Florida CFO Alex Sink has endorsed Democrat Sean Shaw, Florida’s former Insurance Consumer Advocate, in his bid for State House District 61, which covers Seminole Heights, East Tampa, Ybor City and parts of West Tampa, SaintPetersBlog.com reports.
Florida’s Miami-Dade County Continues to Have Problems With Ride-for-Hire
Florida’s Miami-Dade County continues to have problems with the ride-for-hire industry and is looking to other cities for examples of how to legislate the growing businesses, Insurance Journal reports.
Orlando tickets drivers, tows cars in Uber crackdown
Three weeks after Uber brought its not-quite-a-taxi service to Orlando, City Hall has fired the first shot in the “rideshare” war by ticketing five drivers and towing their vehicles, Mark Schlueb reports for the Orlando Sentinel.
Census shows Florida continues to get older
Florida’s population continued to get older last year from a combination of natural aging and new residents, and the state had the highest rate of residents older than 65, the Associated Press’ Mike Schneider reports via the Tampa Tribune.
Florida once again leads nation in abandoned “zombie foreclosures”
Florida accounts for more than one-third of all “zombie foreclosures”-upwards of 30% and even 40% of foreclosures are vacant, Lisa Gibbs reports for TIME Magazine.
New Florida law aims to protect homeowner associations from pricey attorney fees
A new law takes effect next Tuesday clarifying what community association managers can do without having to hire an attorney, Tampa Tribune’s James Rosica reports.
Scott and Crist trade tax barbs along A1A
Governor Rick Scott and Democratic opponent Charlie Crist were within about 20 miles of each other Wednesday on Florida’s Gold Coast, lobbing bombs at each other over transparency and tax returns, Tampa Bay Times’ Steve Bousquet reports via the “Naked Politics” blog.
Jeff Atwater and Adam Putnam Sitting Pretty in 2014
Most politicians would love to be in Jeff Atwater’s and Adam Putnam’s shoes this year. Both Cabinet officials are on the ballot this year and face third-string, at best, Democrat challengers, letting them use 2014 to work on building for the future, Jeff Henderson reports for SunshineStateNews.com.
U.S. Insurance Regulators May Refuse to Apply Global Capital Rules says NAIC President-Elect Lindeen
The United States may refuse to apply new global capital rules in the world’s biggest insurance market because of the “breakneck speed” they are being pushed through, American regulators said on Monday. Huw Jones reports for Reuters via Insurance Journal.
I.I.I. President Bob Hartwig on Post-Disaster Regulation: Good Intentions, Unintended Consequences
Some may forget the lessons of the last disaster too soon, while others cast past events into stone as the basis for managing future catastrophes. What’s worse, however, is when a disaster prompts knee-jerk reactions that do more harm to the market than good, explains Insurance Information Institute CEO Bob Hartwig in National Underwriter’s PropertyCasualty360.com.
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