Capitol to Courthouse Florida Insurance Report: Tuesday, October 22
Oct 22, 2013
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Daily Florida Insurance-Related Events
There are no events scheduled for today.
Daily Florida Insurance-Related News
Florida lawmakers re-examine Insurance Regulations
As reforms for Florida’s no-fault car insurance law remain hung up in court, lawmakers and insurance industry officials say they expect another debate on replacing the four-decade-old system with another coverage plan, reports Lloyd Dunkelberger for The Lakeland Ledger.
Florida cracking down on insurance fraud
Florida is aggressively pursuing insurance cheats, trying to cut down on fraud in the industry by arresting more than 1,500 people so far this fiscal year, the Sun Sentinel’s Donna Gehrke-White reports.
South Florida switches from flooding fears to drought doubts
Go to sleep facing flooding threats. Wake up to drought risks and wildfire warnings, the Sun-Sentinel’s Andy Reid reports.
Former Florida Deputy Attorney General George Sheldon Launches Bid Against Pam Bondi
Former Deputy Attorney General George Sheldon announced Monday he will run as a Democrat to challenge Florida Attorney General Pam Bondi in 2014, Kevin Derby reports for SunshineStateNews.com.
Special Election Could Reshape Race for Bill Young’s Seat
Republican Congressman Bill Young’s death will accelerate the race for one of the more competitive seats in the country, even as it remains unclear when a special election will be held and which candidates will be involved, THE NEWS SERVICE OF FLORIDA’s Brandon Larrabee reports via SunshineStateNews.com.
Equity funds pull back on home buying in Southwest Florida
Some of the nation’s largest real estate investors have significantly cut back on their pace of home buying in Southwest Florida, amid shrinking inventory and rising prices, reports Josh Salman in the Sarasota Herald-Tribune.
It’s a case of the glitches dealing with growth management
HB 189 attempts to fix a glitch dealing with citizen referendums caused by a series of glitch bills, The Florida Current’s Bruce Ritchie reports.
Tampa to become epicenter of international special ops coordination
U.S. Special Operations Command, headquartered at MacDill Air Force Base, just launched a new initiative that will make Tampa the epicenter of international special operations coordination, Howard Altman reports for the Tampa Tribune.
Heirs of Ben Hill Griffin sell shares in company
The heirs of Florida citrus baron Ben Hill Griffin Jr., for whom the football stadium at the University of Florida is named, are giving up control of a company that remains one of the state’s largest private landowners, the Associated Press reports via the Gainesville Sun.
Blog: Florida analysts discuss financial impact of proposed medical marijuana law
A proposed constitutional amendment to legalize medical marijuana is still well short of the signatures needed to make it on the 2014 ballot. But enough people have expressed support for the referendum that a team of state analysts has started the process of drafting the financial impact statement that would have to be included in the ballot language, Tia Mitchell reports via the Miami Herald’s “Naked Politics” blog.
Blog: Lawmakers revive fight over tuition rates for immigrants
Democratic state lawmakers are trying again to pass legislation that would extend in-state tuition rates to undocumented students, Tampa Bay Times’ Kathleen McGrory reports.
Tufts University Study: Due to Rising Sea Levels, Small Storms Could Produce Significant Flooding
Almost a year after Superstorm Sandy, parts of New York and New Jersey are still recovering from billions of dollars in flood damage. And a new study says that in the future, storms smaller than Sandy may be able to produce similar flood damages due to rising sea levels, according to a Tufts University study.
U.S. Supreme Court Declines Privacy Claim Against Resale of Driving Records
The U.S. Supreme Court on Monday declined to consider whether a unit of Thomson Reuters Corp. can obtain and sell information on drivers provided by state agencies without violating a federal privacy law, Reuters’ Lawrence Hurley and David Ingram report via Insurance Journal.
At PCI Annual Meeting, CEO Sampson Outlines Risks to the Industry
David Sampson, CEO of the Property Casualty Insurers Association of America, said that while the role the U.S. will play in new global-regulatory proposals remains uncertain, the threat of additional layers of restrictive guidelines is a “very real threat,” reports Chad Hemenway of PropertyCasualty360.com.
A.M. Best says U.S. Property and Casualty Insurers Report Record Policyholder Surplus
Phil Gusman of PropertyCasualty360.com reports that the property and casualty industry posted its first half-year underwriting profit since 2007 and saw net income and pretax operating income increase by 65 percent and 40 percent respectively compared to 2012’s first half, according to a new report.
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