Capitol to Courthouse Florida Insurance Report–Tuesday, November 4, 2014
Nov 4, 2014
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Daily Florida Insurance-Related Events
There are no events scheduled for today.
Daily Florida Insurance-Related News
Follow Election Day news on Miami Herald’s live blog all day, all night
The Miami Herald has reporters at more than a dozen polling locations in Broward and Miami-Dade counties on Election Day. Follow the action on the newspaper’s live blog here.
Florida: Mega checks, super donors led to costliest mid-term election in the nation
It’s now official: This year’s state elections are the costliest in Florida history, and the nation’s most expensive, the Miami Herald’s Mary Ellen Klas reports via the “Naked Politics” blog.
Bondi makes sure class-action-settlement paid before Election Day
Florida Attorney General Pam Bondi last week had good news for about 15,000 consumers who bought a liquid crystal display television, computer or monitor between 1999 and 2006. The Miami Herald’s Michael Van Sickler reports via the “Naked Politics” blog.
All Aboard Florida applies for federal permit
All Aboard Florida’s proposed passenger rail would impact 128 to 165 acres of wetlands and surface waters within or near the proposed rail, according to a federal permit application notice, Florida Today’s Jim Waymer reports.
Four stadium projects on Florida’s slate
Four Florida stadium projects are in play for state money after submitting applications by a Saturday deadline for a new construction-funding program, the Department of Economic Opportunity said Monday. THE NEWS SERVICE OF FLORIDA’s Jim Turner reports via the Tampa Tribune.
Insurers Win Case to Kill HUD Disparate Impact Rule
Property/casualty insurer trade groups won a court victory Monday when a federal judge ruled in their favor that the U.S. Fair Housing Act does not prohibit housing practices including the pricing of homeowners insurance that have a disparate impact on minorities, Insurance Journal reports.
Fatal accident tests Lyft’s $1 million insurance policy
A fatal accident near Sacramento this weekend could illuminate the effectiveness of ride-service Lyft’s insurance policies, Carolyn Said reports for the San Francisco Chronicle.
South Carolina Approves CAT Models, Weighs Building Public Model
South Carolina regulators have approved seven private catastrophe models for use in ratemaking while conducting a legislatively mandated study on the feasibility of constructing a public model, Insurance Journal’s Michael Adams reports.
A joint study conducted by global consulting firm Protiviti and St. John’s University’s School of Risk Management, Insurance and Actuarial Science found that, although insurance companies are generally confident in their existing risk management and control processes, some firms still have work to do as they prepare to file a new regulatory requirement for the U.S. insurance industry, Insurance Weekly News reports via Advisen.com.
In remarks delivered during the “Regulation as a Business Risk” conference at St. John’s University in New York City on October 15, Brad Kading, president of the Association of Bermuda Insurers and Reinsurers, the association representing the interests of 21 commercial insurers and reinsurers with underwriting operations in Bermuda, cited both international insurance regulatory standards and various protectionist measures as posing a risk to global business. Insurance Weekly News reports via Advisen.com.
Arkansas Insurance Department Initiates State-Based System Process
The Arkansas Insurance Department announced that it has completed the initial phase of the State Based Systems implementation process, making it the latest state to take advantage of the National Association of Insurance Commissioners’ electronic application for its regulatory needs, Insurance Journal reports.
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