Capitol to Courthouse Florida Insurance Report: Wednesday, May 8
May 8, 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
There are no Florida insurance-related events scheduled for today.
Daily Florida Insurance-Related News
Florida Inspector General concludes Citizens Property Insurance terminations not retaliatory
A new inspector-general probe of Citizens Property Insurance Corp. found no evidence of retaliation in the company’s decision to fire four internal investigators, The Miami Herald’s Toluse Olorunnipa reports.
Florida lawmakers to put Citizens Property Insurance wind-only policies on 2014 agenda
In exchange for tabling rate increase this time, Senate Banking and Insurance Chairman David Simmons, R-Altamonte Springs, secured a promise from his colleagues to put wind-only coverage on the 2014 legislative agenda, reports Maria Mallory White for the Sun-Sentinel.
Florida Governor, FEMA chief address hurricane conference
Gov. Rick Scott and the director of the Florida Division of Emergency Management also will address the conference today, the Associated Press reports.
Wall Street Journal: Florida Hurricane Flub
Florida’s state legislature wrapped up its annual session Friday, and to their credit Republicans beat back GOP Gov. Rick Scott’s plan to expand Medicaid. But when it came to the state’s fiscally shaky, taxpayer-backed insurers, the session wasn’t such a success, reports Wall Street Journal’s Mary Kissel.
Coastal Homes To Feel Big Impact of Citizens Property Insurance Reform
Real estate and insurance experts say the state’s reforms to Citizens Property Insurance Corporation will have a big impact on coastal real estate in South Florida, reports South Florida Business Journal’s Brian Bandell.
Senator Nelson requests fed probe of misleading credit reports
U.S. Sen. Bill Nelson (D-FL) wants federal regulators to investigate and crack down on the mortgage industry’s inaccurate reporting of short sales as more financially harmful foreclosures in many consumers’ credit reports.
Florida is Second-Best State to Do Business, Chief Executive Magazine Says
From Chief Executive Magazine on Tuesday comes the announcement that Florida is now the No. 2 state in the nation to do business in, reports Sunshine State News.
Nine Surprising Florida Budget Items
When Gov. Rick Scott ran for governor he repeatedly complained about how much fat was in the budget, and said it would be easy to find plenty of items in it that the state simply should quit doing, David Royce of THE NEWS SERVICE OF FLORIDA reports.
New Jersey Law Requires Insurers to Provide One-Page Summary of Homeowners Coverage
New Jersey Governor Chris Christie has enacted a bill that aims to help homeowners better understand their insurance policies, the Insurance Journal reports.
Fitch Warns on Not Renewing Terrorism Risk Insurance Act
Fitch Ratings is warning that failure to renew the Terrorism Risk Insurance Act could reduce product capacity in larger metropolitan areas, raising premium rates, PropertyCasualty360.com’s Arthur Postal reports.
Click here to follow Colodny Fass& Webb on Twitter (@CFTLAWcom)
To unsubscribe from this newsletter, please send an e-mail to Brooke Ellis at bellis@cftlaw.com.