Capitol to Courthouse Florida Insurance Report – Tuesday, June 07, 2016
Jun 7, 2016
Governor Activates National Guard, Declares Emergency as Tropical Storm Colin Approaches Florida
Governor Rick Scott activated 6,000 National Guard troops, declared a state of emergency in more than half the state’s counties and urged all Floridians to stay home if they don’t need to be on rain-slicked roads. The Tampa Bay Times’ Steve Bousquet reports for “The Buzz” blog.
A Tropical Storm So Soon? Early Arrivals Have Made a Mess
The Miami Herald recounts the archives of tropical storms that have hit Florida at the outset of hurricane season.
GC Securities, a division of MMC Securities LLC, a U.S. registered broker-dealer and member FINRA/NFA/SIPC, today announced the placement of a single class of the Series 2016-1 Notes with principal amount of US $75,000,000 through the newly formed special purpose insurer domiciled in Bermuda, First Coast Re Ltd., to ultimately benefit Security First Insurance Company in SFIC’s first use of catastrophe bond-based reinsurance.
Indicted Lawmaker Argues Elections Office “Not a Victim”
Facing wire-fraud and tax charges, State Representative Reggie Fullwood is asking a federal judge to block prosecutors from arguing that the Florida Division of Elections is a victim of an alleged scheme to divert campaign funds to personal use. THE NEWS SERVICE OF FLORIDA’s Jim Saunders reports via SunshineStateNews.com.
Corcoran: End Taxpayer Funding of Enterprise Florida
Incoming House Speaker Richard Corcoran said he will lead the charge to strip taxpayer funding from Enterprise Florida, saying he believes the agency has consistently failed the state. Arek Sarkissian reports for the Tallahassee Democrat.
Orlando Ranks No. 2 for Construction Job Growth
Over the past 12 months, Orlando ranked No. 2 in the nation for growth of construction jobs among major metro areas, adding 8,800 jobs, up by 15 percent. Paul Brinkman reports for the Orlando Sentinel.
Florida Scores Poor-to-Ho-Hum Again in Manufacturing and Logistics
For the second consecutive year, Florida received a D for manufacturing and C for logistics, according to a just-released report from Ball State University. Nancy Smith reports for SunshineStateNews.com.
Inside Broker and Insurance Groups’ Move to Block the Department of Labor Fiduciary Rule
Professional groups representing the brokerage and insurance industries last week finally broke their silence on the Labor Department’s regulation to raise investment advice standards for retirement accounts by filing a lawsuit that could put the rule in limbo. InvestmentNews.com reports.
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