Capitol to Courthouse Florida Insurance Report–Wednesday, October 8, 2014
Oct 8, 2014
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Daily Florida Insurance-Related Events
There are no events scheduled for today.
Daily Florida Insurance-Related News
Citizens Property Insurance rates could go up
A decision from the state’s highest court over bad faith lawsuits could cause Citizens Property Insurance rates to go up, WTSP’s Garin Flowers reports.
Residents: Insurance Cutbacks Risks Yielding Thousands Of Elderly Homeless
Thousands of retirees could be homeless after a storm in Palm Beach County because of drastic cutbacks in coverage from state-run insurer Citizens, attendees at a Tuesday meeting said. Charles Elmore reports for the Palm Beach Post.
Garcia, FEMA talk Keys flood insurance concerns
Congress may have finalized the reauthorization of the National Flood Insurance Program earlier this year, but it is not too early to start preparing for the next reauthorization in 2017, Federal Emergency Management Agency officials said Tuesday during a meeting in Key West. Timothy O’Hara reports for KeysNews.com.
Tidal flooding to be more frequent in Miami, Key West as seas rise
Tidal flooding in Miami and Key West will increase dramatically over the next 15 years as seas continue to rise, according to a study released Wednesday just as annual high tides begin creeping toward Miami Beach, the Miami Herald’s Jenny Staletovich reports.
Jury awards $20 million to homeowners who lost trees
A jury in Orange County has awarded $20.7 million to thousands of homeowners in the Orlando area who lost their citrus trees to a failed state program, the Naples Daily News reports.
Florida forum talks climate solutions
About 250 people turned out Monday afternoon for a conference on climate change inspired by Gov. Rick Scott to talk about solutions ranging from alternate energy sources to coping with sea-level rise, Tampa Bay Times’ Craig Pittman reports via the “Naked Politics” blog.
Atwater: End, don’t mend PIP car insurance if reforms fail in court
Florida’s Chief Financial Officer defended his record from property insurance to pensions, but said he is ready to end the state’s Personal Injury Protection car insurance system if reforms he supported in 2012 fail to survive court challenges. Charles Elmore reports for the Palm Beach Post.
Speed limit to rise to 70 mph on Florida’s State Roads 417, 429
Orlando Sentinel’s Dan Tracy reports that those willing to a pay a toll may soon be able to legally drive a little faster in parts of Metro Orlando.,
Taxi owner blasts Uber, Lyft role in transportation forum
The CEO of Yellow Cab Company of Tampa, was incensed when he saw representatives from ride-sharing companies Uber and Lyft participating in a recent public transportation forum.
Labor advocates: Workers’ comp case misses target
Florida Chief Financial Officer Jeff Atwater touted the arrests of more than 100 immigrant agriculture workers last July as an effort to crack down on the costly problem of workers’ compensation fraud, the Tampa Tribune’s Laura Wides Munoz reports.
Florida Pension Fund Significantly Reducing Pimco Exposure
The Florida State Board of Administration plans to pull more than $2 billion from Pacific Investment Management Co. following the departure of co-founder Bill Gross in late September, the Wall Street Journal reports.
Hospital executives announce opposition to All Aboard Florida, citing possible risks to patients
All Aboard Florida’s express passenger trains would make it more difficult for emergency crews and ambulance drivers to reach accident scenes, creating a public safety hazard for nearby residents and accident victims, hospital officials and local leaders warned Tuesday. Kimberly Miller and Jennifer Sorentrue report for the Palm Beach Post.
U.S. Senator Nelson Wants Ebola Travel Restrictions
U.S. Senator Bill Nelson is urging Secretary of State John Kerry to consider suspending travel visas to people in areas hit by Ebola, Tampa Bay Times’ Alex Leary reports via “The Buzz” blog.
U.S. Supreme Court Agenda Includes Key Business Cases
U.S. Supreme Court justices also must tackle a host of business cases as they convene for their new term, including a patent battle involving Teva Pharmaceutical Industries Ltd. Reuters’ Lawrence Hurley reports via Insurance Journal.
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