Capitol to Courthouse Florida Insurance Report: Friday, August 24

Aug 24, 2012


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


9:30 a.m.–Florida Office of Insurance Regulation (“OIR”) Proposed Rule Hearing.  Proposed amendments to Rule 69O-149.022 would update and edit the contents of the forms and instructions used by life and health insurers to make electronic form filings via the OIR’s I-File system.  To view the hearing notice, click here.



Daily Insurance-Related News


Florida Keys Looks to Lower Islands’ Risk Profile, Rates

Frustrated by rising premiums, reduced coverage and a single market, citizens and officials in the Florida Keys are hoping to convince catastrophe modelers, insurers and reinsurers that their islands are not as big a risk for wind damage as they have been labeled.


Citizens Property Insurance probes travel expenses after Bermuda trip

Citizens Property Insurance, the Florida state-run insurer of last resort, has come under pressure recently about its travel expenses, including trips to Zurich and Bermuda where it negotiated record-setting bond placements.


The Florida Current:  20 years later, Hurricane Andrew’s wake still felt in Florida’s property insurance market

It’s been two decades since the massive storm struck South Florida, but Hurricane Andrew’s legacy still plays a role in the state’s debate over how best to provide property insurance.


Editorial:  Hurricane Andrew’s unfinished business

Few events changed the psyche and economy of modern Florida more than Hurricane Andrew, which struck South Florida 20 years ago today.


Florida government prepares for Isaac’s uncertainty

Florida officials are hoping for the best as they watch Tropical Storm Isaac’s path across the Caribbean.


Florida Department of Transportation testing sunken area  

The depressions are opening and spreading out like they have a mind, but the distance between them and the highway doesn’t warrant grave concern from the Florida Department of Transportation.


New Florida insurance line covers personal guarantees on business loans  

People in Florida insure some wild stuff:  Everything from backyard wells to mansions and from ocean-going vessels to parasailer liability.


Florida Orders Brain-Injury Center to Move Patients Out

A Florida brain-injury center facing allegations of abuse has been ordered to move dozens of its patients to other facilities, according to a state report released today.


USI to Acquire TD Bank’s U.S. Insurance Subsidiary, Including Florida Location

USI Insurance Services, a brokerage and financial service firm based in Briarcliff Manor, New York, has agreed to acquire TD Insurance Inc., a wholly-owned U.S. subsidiary of TD Bank, N.A. The terms of the deal were not disclosed.


Florida workers compensation rate increase sought

Insurance companies are seeking a 6.1 percent increase in workers compensation rates in Florida.


South Florida’s Insurance Businesswoman Sharon Day, her party’s No. 2, is “Mrs. Republican”

She lives in the heart of Florida’s most Democratic territory, but it would be hard to find anyone anywhere who’s more Republican than Fort Lauderdale’s Sharon Day.


Florida seeks pre-clearance for early voting

Four counties covered by the federal Voting Rights Act of 1965 agree to a plan offering to open polls to early voting for 96 hours over eight days.


Lawmakers seek to block redistricting testimony

Republican leaders have quietly asked a Leon County judge to shield lawmakers and their aides from having to testify during a trial to determine whether the state’s congressional redistricting plan runs afoul of new standards for drawing the state’s political maps.


Florida Governor Rick Scott, Will Weatherford, David Rivera Among Florida’s GOP Convention Delegates

Headed by Governor Rick Scott and first lady Ann Scott, the Republican Party of Florida at long last has released to the public its list of delegates for the national convention next week in Tampa.


Democratic House candidates make their Tallahassee debut

The Florida Democratic Party displayed its new line of state House candidates for Tallahassee lobbyists this week in a sedate little reception in the Governors Club, the private redoubt of corporate deal-making a block from the state Capitol.


Miami Among Top U.S. Cities on Edge of Fiscal Cliff

Bankruptcy was once a last-ditch act reserved for companies and individuals.


In Response to Joplin Tornado, Missouri Requires Reinsurance for Farm Mutuals

Missouri regulators will require the state’s farm-mutual companies to purchase reinsurance to protect their maximum annual loss of surplus for property risks, a response to the 2011 Joplin tornado that put one insurer in distress.



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