Capitol to Courthouse Florida Insurance Report: Wednesday, October 16
Oct 16, 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
10:00 a.m.–Florida Board of Employee Leasing Companies Board meeting. Teleconference: 888-670-3525; conference code: 7489217568#. To view the meeting notice, click here. To view the agenda, click here.
Daily Florida Insurance-Related News
Florida hurricane insurance fund ending storm season with strong ability to pay claims
Florida is ending this year’s storm season with some good news. The state-created fund that backs up private insurers in Florida remains in the best financial shape it has been since it was created 20 years ago, reports the Associated Press.
Louisiana to Link with Florida, Mississippi in Suit Against Flood Rate Hikes
Louisiana will become the second state to join a lawsuit filed in federal court in Mississippi challenging the flood insurance premium rate hikes that went into effect October 1, reports Arthur D. Postal for PropertyCasualty360.com.
Florida-based Brown & Brown Q3 Profit Jumps 14.7 Percent
Florida-based insurance intermediary Brown & Brown says third-quarter net income increased 14.7 percent to about $57.75 million, reports Chad Hemenway for PropertyCasualty360.com.
Safe Deposit Box Insurance Now Available in Florida
SDBIC’s content protection coverage is now available in the states of Florida, Massachusetts and Louisiana, reports Insurance Business Review. This easily obtained product insures all property stored in a safe deposit box for the coverage amounts selected, without disclosure of the contents or need for expensive appraisals, preserving the box holder’s confidentiality and privacy.
Democrat Amanda Murphy wins Mike Fasano’s House seat
Democrat Amanda Murphy beat back an onslaught of more than $250,000 in Republican campaign cash Tuesday to win a thin victory in a nasty special election for the Florida House seat of former state Rep. Mike Fasano, R-New Port Richey, The Florida Current’s Bill Cotterell reports.
Florida Starts Accepting Jobless Claims Again
The Associated Press reports that state officials said that a new online system used to process unemployment insurance claims was up and running Tuesday morning. The old system used by the state was shut down last week.
Florida Agriculture Commissioner wants nearly $26 million to expand agricultural water programs
Agriculture Commissioner Adam Putnam is requesting nearly $26 million in fiscal year 2014-15 to expand agricultural water quality and water-use programs, according to budget documents filed this week, The Florida Current’s Bruce Ritchie reports.
State Board of Education extends Florida school grade safety net
Florida schools will be graded A-to-F with a safety net in place for the next two years. The State Board of Education on Tuesday voted to continue the policy prohibiting a school from dropping two letter grades through the 2014-2015 school year, The Florida Current’s James Call reports.
Tokio Millennium Re completes redomestication to Switzerland
Tokio Millennium Re has completed its redomestication from Bermuda to Switzerland, reports The Royal Gazette. TMR will become registered as Tokio Millennium Re AG, effective yesterday, the company said. It is now looking to establish an operation in the US.
Icebergs, Insurance Hamper Top of the World Shipping Route
The new shipping route opened up through the Arctic by climate change will not be crowded any time soon.
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