Capitol to Courthouse Florida Insurance Report: Friday, September 7

Sep 7, 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


9:00 a.m. to 12:00 p.m.–Citizens Property Insurance Corporation Board of Governors meeting.  Teleconference:  888-942-8686.  Participant Code:  5743735657#.  To view the meeting notice, click here.



    Daily Insurance-Related News


    Citizens unveils new loans-for-takeout plan as old efforts to shed policies bear fruit

    Citizens Property Insurance Corp. is preparing a program that would lend surplus funds to private companies that take over its policies in an effort to reduce its risk.

      Florida approves removal of 150,000 Citizens policies

      Florida has approved the removal of 150,000 policies, including those covering homeowners, from state-backed Citizens Property Insurance Co.


      Editorial:  Citizens’ big spenders  

      While officials at Citizens Property Insurance Inc. are worrying about the next hurricane that hits Florida, they also should be paying attention to the storm brewing over their spending habits.


      Marsh & McLennan Agency Expands Florida Hub

      Latest acquisition brings P&C, employee benefits for health care industry to MMA’s team

      Marsh & McLennan Agency LLC, a subsidiary of insurance broker Marsh Inc., is expanding its presence in the Florida market with the acquisition of Eidson Insurance, a $3.4 million revenue property/casualty and employee benefits agency based in Orlando, Florida. Terms of the transaction were not disclosed.


      FEMA again demands Indian River repay $1.75 million in grant money; county continues appeal

      The Federal Emergency Management Agency, which granted the county $2.7 million in 2006 to improve drainage and replace backyard septic-tank pumps in flood-prone Rockridge, is once again asking the county to repay the grant.


      Florida early voting called an unfunded mandate

      Monroe County Elections Supervisor Harry Sawyer says 12-hour early voting days will waste money and reduce turnout. 


      Florida utilities say they are not worried about electric cars — for now

      The Florida Public Service Commission held a workshop Thursday on electric vehicle charging stations and their potential effects on energy consumption and Florida’s electric grid. Utility representatives said they don’t think electric cars pose a threat to the grid now, but the size and location of charging stations could be a future concern.


      Wall Street Journal:  Reinsurers Gird for Showdown Over Rate Hikes

      Reinsurers such as Munich Re and Swiss Re will have some tough talking to do when they hammer out rates with primary insurers at the industry’s annual gathering that starts Sunday in Monaco.


      Congress Quietly Working On Renewal of Federal Disaster Aid

      Despite some sniping on the presidential campaign trail, negotiations on Capitol Hill are likely to ensure a smooth flow of disaster aid in the wake of Hurricane Isaac.


      Emergency Insurance Rule for Policyholders in Effect in Louisiana

      Louisiana Insurance Commissioner Jim Donelon has issued an emergency rule which allows greater protection and flexibility for policyholders impacted by Hurricane Isaac.


      Louisiana Court:  Cab Company Owner Can Be Held Liable for Boy’s Death

      A state appeal court has reversed itself, ruling that a Bossier City, La., taxi cab company owner can be held personally responsible for the death of a 12-year-old Stonewall boy allegedly killed by a cab driver.


      Guy Carpenter to Open Shanghai Office 

      Reinsurance broker Guy Carpenter & Co. says it has received approval from the China Insurance Regulatory Commission to open a new branch office in Shanghai, China.



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