Capitol to Courthouse Florida Insurance Report: Friday, October 12

Oct 12, 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


There are no insurance-related events scheduled for today.



Daily Insurance-Related News


New companies look to get in on Citizens Property Insurance loan incentives

As Citizens Property Insurance Corp. officials and lawmakers wrangle over whether to provide low-cost loans to companies that take over their policies, new companies are battling behind the scenes to be included in the program.


Florida Office of Insurance Regulation releases detailed State Farm rates  

Homeowners still covered by State Farm Florida Insurance Co. in heavily populated South Florida would see average rates decrease by up to 8.4 percent under rates approved last month.


Citizens Property Insurance Depopulation Discussion Rescheduled  

The Depopulation Committee for Citizens Property Insurance Corp. has been rescheduled from Monday to give outside advisers a few more days to review the proposal.


More PIP Rate Changes Coming in Florida

Some of the largest providers of automobile insurance in Florida have filed for rate decreases in their personal injury protection rates of as much as 10 percent in the first major sign that the PIP reforms passed by lawmakers earlier this year are having their intended effect.


Nationwide reaches agreement with Florida over life insurance payments

Insurer Nationwide reached an agreement with Florida and other states over life insurance payments, regulators said Thursday.


Court Upholds Florida Medical Malpractice Notification Rules

The Florida Supreme Court has ruled that refiled medical malpractice lawsuits must follow new state laws.


Homeowners Choice to Transfer Its Common Shares to New York Stock Exchange

Homeowners Choice, Inc., a leading provider of homeowners’ insurance, today announced that it will transfer the listing of its common stock from the NASDAQ Global Select Market to the New York Stock Exchange.


Ex-Disney employee accused of stealing $122,000 in fraudulent insurance claims 

A former Walt Disney worker used his position to take park goers’ personal information and rake in $122,000 in just six months, Orange County investigators said.


Florida Holding at No. 5 for Business Tax Climate

Florida leaders have been working to scale back on the number of regulations and taxes, but the absence of an individual income tax remains a big boost for attracting business.


Blog:  Florida Governor Rick Scott and Texas Governor Rick Perry to Obama — Don’t defund army aircraft in our states

Governor Rick Scott and Texas Governor Rick Perry penned a letter to President Obama today, asking the Commander in Chief to continue funding for the C-23 Sherpa aircraft, which is currently being phased out by the army.


One-time representative, newcomer vie for new Florida House District 90 seat

For the Florida House District 90 seat, created last year by redistricting, Republican Sean Kasper, a golf-course greenskeeper who is also green when it comes to elected office, faces Democratic opponent and current District 86 Representative Lori Berman.


Florida racetracks’ new fad? Quarter Horse meets

Two Quarter Horses lined up near the top of the stretch for the 11th and last race April 8 at Gulfstream Park. A racetrack employee held a flag in his upraised hand, brought the flag down, and the horses were off.


Federal Court Wants New Briefs in Mississippi Case Challenging Cap on Damages

A federal court has asked attorneys in a personal-injury lawsuit challenging the constitutionality of Mississippi’s $1 million cap on non-economic damage to present new briefs on the issue.


Bermuda Emerging As Centre of Insurance Linked Securities Business

With the release of its September 2012 insurer registrations, the Bermuda Monetary Authority today acknowledged industry reports that Bermuda is “increasingly becoming a centre of the global Special Purpose Insurer and Insurance Linked Security business.”


ComFrame Has Drifted Apart as Consensus on Ambitious Framework Remains Elusive

International regulatory and industry executive panelists discussing the International Association of Insurance Supervisors’ ComFrame global-supervision approach diverged a great deal on key issues such as a timetable for implementation, what the framework will ultimately look like and who will supervise.



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