Capitol to Courthouse Florida Insurance Report: Tuesday, December 24
Dec 24, 2013
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Daily Florida Insurance-Related Events
There are no events scheduled for today.
Daily Florida Insurance-Related News
Florida Citizens Property Insurance Clearinghouse Training for Agents Now Online
Agents appointed to write personal lines business with Citizens are required to complete all clearinghouse training in the Citizens Learning Management System, Citizens explains. Get the hyperlinks to the courses here.
Florida Supreme Court Takes On Temporary Total Disability Case
The Florida Supreme Court agreed to hear a case that may change the state’s 104-week time limit on temporary total disability benefits, Nancy Grover writes for Risk and Insurance Magazine.
Wild animals cause $40K in damage to Florida woman’s home
Wild animals destroyed a Brevard County woman’s home and now she said she’ll have to clean up the mess all by herself, Orlando’s WFTV reports.
Target data breach spurs Tampa lawsuit
Target’s trouble over its loss of customers’ credit card data has quickly caught the attention of attorneys, with new lawsuits brought by a Tampa woman and at least a half-dozen other lawsuits around the country, Tampa Tribune’s Michael Sasso reports.
- Target’s Message May Put Scare Into Firms Without Cyber Coverage
- Class Action Suits Already Filed Against Target for Data Breach
Florida minimum wage increases to $7.93 an hour
It won’t be delivered in time to be a holiday gift, but Florida workers who earn the state minimum wage will see a slight increase in their paychecks after Jan. 1, the Sun-Sentinel’s Donna Gehrke-White reports.
Deloitte Defends Work on Florida’s Troubled Unemployment System
Deloitte Consulting contends it has completed the work outlined in its contract for Florida’s new online unemployment-assistance system, which the company says “has surpassed the performance of the unsustainable systems it replaced,” THE NEWS SERVICE OF FLORIDA’s Jim Turner reports via SunshineStateNews.com.
Only two constitutional amendments likely on 2014 Florida ballot
It looks like Florida voters may see only two Constitutional amendments on the 2014 ballot, explains Tampa Tribune’s James Rosica.
Joe York named president of AT&T Florida, will succeed Marshall Criser
AT&T today announced that Joe York has been named President of AT&T Florida. York most recently served as Vice President – Legislative & Regulatory Affairs, AT&T Florida, Peter Schorsch reports for SaintPetersBlog.com.
Christmas 1778 was Bad for America, But Great for Florida
The end of December 1778 proved an awful Christmas for the fledgling United States but a great Yuletide for Florida, Kevin Derby writes for SunshineStateNews.com.
Fitch: Record High for Outstanding Catastrophe Bonds; Demand to Continue
As investor demand has continued to grow for catastrophe bonds (CAT), sponsors have been able to offer deals at considerably lower coupon rates and with increasingly favorable structures that suit individual company needs, according to Fitch Ratings.
Fitch: Growing Capacity Limits Upside in U.S. Excess & Surplus Market
The U.S. excess and surplus (E&S) lines insurance market reversed a four-year consecutive slide in direct written premiums (DWP) in 2011 and has seen continued growth through the first nine months of 2013, according to a new Fitch Ratings report. E&S DWP increased by 9% to $32 billion at year-end 2012 while losses related to Hurricane Sandy led to lower underwriting results, a Fitch news release reports.
Texas Lawmaker Wants Probe into Windstorm Insurance Association Emails
A Texas lawmaker has called for an investigation into racist emails uncovered within the Texas Windstorm Insurance Association, which acknowledged in court that bigotry could have influenced a claim filed by a predominantly Hispanic school district, Paul Weber reports for Insurance Journal.
N.Y. Unveils Plan to Bring Closure to Group Self-Insured Trust Problems
New York moved aggressively Friday to deal with the chronic problem of failed group self-insured trusts, issuing $370 million in bonds that will be used to assist businesses on the hook for failed trusts fulfill their obligations to their injured workers, National Underwriter’s Ana Khalamayzer reports for PropertyCasualty360.com.
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