Capitol to Courthouse Florida Insurance Report: Friday, July 13

Jul 13, 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


10:00 a.m.–Citizens Property Insurance Corporation (“Citizens”) Information Systems Advisory Committee meeting.  Teleconference:  866-361-7525; participant code:  4869641229#.  To view the meeting notice, click here.

1:00 p.m.–Citizens Claims Committee meeting.  Teleconference:  866-361-7525; participant code:  5219676193#.  To view the meeting notice, click here.



    Daily Insurance-Related News


    Return to last resort 

    Barry Gilway encountered several surprises in his first days on the job as the new president and CEO of state-run Citizens Property Insurance Corp.


    Wells Fargo Bank hit with bad faith suit by Pompano Beach lawyer 

    Wells Fargo Bank charges inflated premiums when it procures “force-placed” property insurance for homeowners whose coverage has lapsed, a Pompano Beach, Fla., lawyer claimed in a lawsuit.


    THE NEWS SERVICE OF FLORIDA:  Law Would Boost Medicaid Payments to Florida Doctors

    In a move aimed at getting doctors to treat more low-income patients, the federal health overhaul likely will lead to increased Medicaid payments to Florida primary-care physicians.


    Fight Brews Over Florida’s Opting Out of Medicaid Plan 

    In the weeks since the Supreme Court ruled that states could opt out of a plan to vastly expand Medicaid under President Barack Obama’s health care law, several Republican governors have vowed to do just that, attacking the expansion as a budget-busting federal power grab.


    Did some Florida health exchange money go to China?

    Florida Health Choices, which is building an insurance website for small employers, has switched contractors after accusing the first one of lax security and outsourcing some work to China.


    Florida foreclosures rise 20 percent in first half of 2012

    Foreclosures were down nationwide through the first six months of 2012, but jumped more than 20 percent in Florida. However, filings dropped 5.67 percent in June in the year-over-year comparison.


    Report:  Florida has highest mortgage fraud investigation rate

    Florida had the most mortgage fraud investigations in 2011 compared to the number of new loans, according to a new report.


    Senate Democratic Leader Rich seeks Tuberculosis investigation

    In her letter, the Senate Democratic Leader wrote that none of the details of the outbreak were broadly disseminated as the vote to close the hospital neared.


    Blog:  HD 49 race — A crowded field for a diverse new House seat

    For proof of how demographic shifts and redistricting are shaking up the political calculus in Central Florida, look no further than the races shaping up in Metro Orlando around several newly drawn, Hispanic-populated legislative districts.


    Broward League of Cities votes to oppose nuclear cost recovery law supported by utilities

    During the 2012 legislative session, bills that would have repealed the 2006 law were never heard in committees.


    U.S. Representative Royce Asks Federal Insurance Office to Examine National Association of Insurance Commissioners Authority, Accountability

    A senior member of the House Financial Services Committee today asked the Federal Insurance Office to conduct a comprehensive review of the operations and structure of the National Association of Insurance Commissioners.


    Allstate Dropping 10,000 South Carolina Homeowners Policies

    Allstate is dropping about 10,000 South Carolina home insurance customers.


    Louisiana Citizens Property Insurance board approves 3.74 percent assessment

    The board of the state-run property insurer voted Thursday to impose a 3.74 percent assessment on all commercial and personal policyholders in the state starting January 1.


    Report:  Louisiana the exception to state-run insurer growth

    Nationwide, state-run insurers covered $884.7 billion worth of property in 2011, more than double the $419.5 billion covered in 2005.


    Politics, Policyholder Sentiment Drive Rapid Residual Market Growth

    A combination of higher coastal populations, artificially suppressed rates for last-resort insurers, and the inability of insurers to charge rates commensurate with risk along the coast has driven the residual property market in hurricane-exposed states to new peaks in both exposure value and policy levels, says the Insurance Information Institute. 



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