Capitol to Courthouse Florida Insurance Report: Wednesday, June 5
Jun 5, 2013
To go directly to the section of your choice, click on a hyperlink below. Other hyperlinks to meeting information, bills and news are noted in bold type.
Daily Florida Insurance-Related Events
11:00 a.m.–Florida Board of Employee Leasing Companies Board meeting. Celebration, Florida. To view the meeting notice, click here.
11:00 a.m.– Florida Self-Insurers Guaranty Association Board of Directors meeting. Teleconference: 866-866-2244; conference code: 7903005. To view the meeting notice, click here.
Daily Florida Insurance-Related News
Hurricane Season opens with bad news for Florida’s Governor — and property owners
One week ago, Florida Gov. Rick Scott proudly signed legislation that reforms state-run Citizens Property Insurance Corp. While the new law contains some needed improvements, its primary aim is controversial: pushing homeowners away from Citizens and toward private insurance companies. For Scott, the timing could not have been much worse, the Sarasota Herald-Tribune Editorial Board writes.
Sinkhole Swallows Central Florida Pool
After celebrating her birthday dinner Monday night, Suzanne Blumenauer returned to her home near Winter Park to discover her pool had been fractured, empty and sinking into the ground, Jerriann Sullivan reports for the Orlando Sentinel.
Blog: Rejection of Medicaid expansion weakens Florida mental health services, national report shows
The National Alliance on Mental Illness issued a national report showing Medicaid is the most important source of funding for mental health services, SaintPetersBlog.com’s Peter Schorsch reports.
Governor vetoes driving licenses for children of illegal immigrants
With a sharp rebuke to President Barack Obama’s new immigration policy that permits children of illegal immigrants to stay in the country, Gov. Rick Scott vetoed a bill Tuesday that would have let them get temporary driving licenses, The Florida Current’s Bill Cotterell reports.
Governor approves foreclosure settlement spending plan
Gov. Rick Scott signed SB 1852 Tuesday, laying out $200 million in spending from a foreclosure fraud settlement with the nation’s largest banks, The Florida Current’s Gray Rohrer reports.
Blog: Internet Cafe injunction sought by senior arcades denied
Jim Saunders of THE NEWS SERVICE OF FLORIDA reports that a federal judge Tuesday rejected a request by two Broward County senior arcades to block key parts of a new law that stemmed from a statewide crackdown on Internet cafes, SaintPetersBlog.com notes.
Blog: Mothers deliver petitions in strollers, red wagons to protest pending sick leave law
Myriam Rivera joined a group of Central Florida mothers who used baby strollers and a red wagon to deliver 11,000 petitions to Gov. Rick Scott on Tuesday. The message: Veto a business-backed bill that would prevent local governments from setting sick-leave standards for workers, Sarasota Herald-Tribune’s Lloyd Dunkelberger blogs.
House Democrats orchestrate rules change, insist there’s no coup to overthrow Rouson
House Democratic leaders have called a meeting during the Florida Democratic Party’s annual Jefferson-Jackson fundraiser June 15 to discuss changes to caucus rules, but Minority Leader Perry Thurston said it is not a step toward removing Rep. Daryl Rouson as incoming Democratic Leader, The Florida Current’s Gray Rohrer reports.
Blog: Florida still without lieutenant governor three months after Carroll’s resignation
Almost three months after she resigned in the wake of a gambling probe into an organization that had been one of her business clients, there is still no replacement for former Lt. Gov. Jennifer Carroll, reports Brandon Larrabee of THE NEWS SERVICE OF FLORIDA via SaintPetersBlog.com.
AIG Among 3 Companies Voted “Systemically Significant” by Financial Stability Oversight Council
AIG confirmed last night that it has been designated systemically significant by the Financial Stability Oversight Council, paving the way for possible federal regulation at the holding-company level, National Underwriter’s Arthur Postal reports on PropertyCasualty360.com.
Oregon Insurance Commissioner Savage Departing, Cali To Step In
Oregon Insurance Commissioner Lou Savage is leaving the Insurance Division to work on legal reform in emerging democracies overseas after nearly two years at the post, Insurance Journal reports.
Reinsurers raise billions from capital markets as hurricane concern increases
As insurance professionals become more concerned about hurricane losses, reinsurers are raising more money from alternative sources of capital, such as catastrophe bonds, according to a new report from Guy Carpenter & Company LLC, Canadian Underwriter advises.
Climate Change to Threaten for Next Century, Ocean Week Panelists Say
The first day of this year’s Ocean Week conference, sponsored by the National Marine Sanctuary Foundation and co-hosted by the Pew Charitable Trusts, focused on coastal vulnerabilities, Mark Schleifstein reports for the New Orleans Times-Picayune.
Mortgage insurer Triad Guaranty declares Chapter 11 bankruptcy
Triad Guaranty Inc. has declared for Chapter 11 bankruptcy protection almost five years after becoming the first local victim of the burst housing bubble, Richard Craver of the Winston-Salem Journal reports.
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