Capitol to Courthouse Florida Insurance Report–Tuesday, December 23, 2014
Dec 23, 2014
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Daily Florida Insurance-Related Events
There are no events scheduled for today.
Daily Florida Insurance-Related News
Florida Property and Casualty Association: Property insurance panic is misplaced
Recent articles have raised questions about the ability of Florida-based homeowners insurance companies to respond to catastrophic storms, explains Florida Property and Casualty Association Executive Director William Stander in this Palm Beach Post Letter to the Editor.
Flood map sends Panama City Beach insurance sky high
Because a Panama City Beach coastal community is included in a coastal flood map, residents cannot obtain affordable flood insurance through the federal government. They can buy private flood insurance, which can cost as much as $50,000 annually. John Henderson reports for the Panama City News Herald.
Palm Beach County not happy with FEMA, Army Corps
Palm Beach County has asked the Federal Emergency Management Agency to hold off on finalizing flood zone maps that could force some of the county’s poorest residents to pay for flood insurance. Palm Beach Post’s Wayne Washington reports for the “Post on Politics” blog.
Florida Tech Trying to Predict Indian River Lagoon Flooding
The Indian River Lagoon can be deceptive from a science perspective, explains Chris Bonnano for FloridaToday.com.
Florida Legislature Tells Supreme Court That Fair District Amendment Is “Unenforceable”
Lawyers for the Legislature told the Florida Supreme Court in a brief filed late last Friday that part of a state ban on political gerrymandering violates the U.S. Constitution. FlaglerLive.com reports.
SaintPetersBlog.com’s James Call reports that a grass-roots effort is under way in Florida to restore automatically convicted felons’ right to vote once their sentence is served.
Governor Scott revokes acquitted mayor suspension
Governor Rick Scott has revoked the suspension from office imposed on the mayor of Miami Lakes who was acquitted of federal corruption charges. The Associated Press reports via SaintPetersBlog.com.
FEMA Sets Up Interim Flood Insurance Advocate
The Federal Emergency Management Agency has launched the interim office of the Flood Insurance Advocate, Insurance Journal reports.
New Insurance Capital Standards Law Removes MetLife SIFI Objection
The nation’s new insurance accounting law has nullified one of MetLife’s key objections to its recent SIFI designation, National Underwriter’s Arthur Postal reports via InsuranceNewsNet.com.
- FSOC’s MetLife Decision Undermines States’ Rights, NAIC Says
- FSOC Cites MetLife’s Close Calls in Crash in SIFI Defense
Co-Developer of Saffir-Simpson Scale Dies
Bob Simpson, a meteorologist who co-developed the Saffir-Simpson Hurricane Wind Scale which estimates potential property damage, has died. The Associated Press reports via Insurance Journal.
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