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.
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.
- THE NEWS SERVICE OF FLORIDA: Citizens Property to Consider $300 Million Loan Program
- Legislators, advocates wary of Citizens incentives for private insurers to take customers
Florida has approved the removal of 150,000 policies, including those covering homeowners, from state-backed Citizens Property Insurance Co.
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.
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.
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.
Monroe County Elections Supervisor Harry Sawyer says 12-hour early voting days will waste money and reduce turnout.
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.
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.
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.
Louisiana Insurance Commissioner Jim Donelon has issued an emergency rule which allows greater protection and flexibility for policyholders impacted by Hurricane Isaac.
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.
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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