Capitol to Courthouse Florida Insurance Report: Monday, April 23

Apr 23, 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.– Florida Hurricane Catastrophe Fund (“FHCF”) Proposed Rule Hearing.  Proposed amendments to Rule 19-8.029, “Insurer Reporting Requirements,” would implement Section 215.555(5), F.S. relating to insurer reporting to the FHCF of insured values under covered policies for the 2012/2013 Contract Year and also would adopt the 2012/2013 FHCF Interim and Proof of Loss forms.  Proposed amendments to Rule 19-8.030, “Insurer Responsibilities,” would adopt the 2012/2013 FHCF Exposure and Loss Reimbursement Examination Advance Preparation Instructions and the 2012/2013 FHCF Interim and Proof of Loss forms.  In addition, obsolete material would be removed from both Rules.  To view the Hearing notice, click here.

4:00 p.m.–Florida Automobile Joint Underwriting Association (“FAJUA”) Audit Finance Committee meeting.  Tampa, Florida.  Agenda includes discussion of FAJUA Financial Reporting.  To view the meeting notice, click here.



    Daily Insurance-Related News


    Blog:  Everglades Re Ltd. upsizes to $750 million, becomes largest catastrophe bond ever

    Clearly catastrophe bond and insurance-linked securities people don’t rest at the weekends.


    Tax credit program for Catastrophe Fund vetoed by Governor Rick Scott

    A program designed to increase the liquidity of the Florida Hurricane Catastrophe Fund, or Cat Fund, which was inserted as part of last-minute budget negotiations between the House and the Senate, was vetoed by Governor Rick Scott on Friday.


    GatorCare swamped by governor

    Governor Scott cites potential hit on state employee trust fund as reason for veto but encourages universities to continue to work with his office.


    Blog:  Florida Chief Financial Officer Jeff Atwater decides against GOP Senate run

    Florida Chief Financial Officer Jeff Atwater has decided not to enter the Republican primary for U.S. Senate after briefly considering a late bid.


    Unemployment drops to 9 percent in Florida

    Florida’s unemployment rate fell to 9 percent in March, according to numbers released Friday by the Department of Economic Opportunity.


    Supreme Court hears oral arguments in Senate redistricting case

    The Florida Supreme Court on Friday heard oral arguments on revised Senate redistricting plans.


    Governor Rick Scott Signs Law Creating State’s 12th Public University

    The creation of a “vital” university to expand Florida’s number of science and technology graduates will take on life this summer, despite objections from some legislators, students and officials in the Lakeland area.


    Florida adopted illegal chemicals law, but authorities expect new replacements

    Packets of bath salts, plant food and incense being sold in convenience stores probably won’t put suds in your tub, help your flowers grow or make your house smell better, but authorities say that’s not what they’re intended for.


    Florida’s trading partners warn of backlash if Governor Scott signs new anti-Cuba legislation

    Florida’s top two foreign trading partners and the Florida Chamber of Commerce are sounding alarms about a new state law banning governments from hiring companies with business ties to Cuba.


    Vice President Joe Biden visiting Everglades today

    Vice President Joe Biden is scheduled to visit the Everglades on Monday and tour a portion of Everglades National Park, according to the White House.


    Louisiana Citizens Property Insurance Files Restraining Order on Bank; Cancels Meeting

    A scheduled meeting today between Louisiana Citizens Property Insurance Corp. and attorneys for more than 18,500 policyholders owed about $105 million from the last-resort insurer was abruptly canceled.


    Louisiana Citizens Property Insurance Asks U.S. High Court to Hear Claims Suit Appeal

    Louisiana’s property insurer of last resort has asked the nation’s highest court to hear an appeal of a $104.6 million award to 18,500 policyholders who sued over slow adjustment of hurricane claims in 2005.


    Fire official offers new ideas for cuts — including letting vacant homes burn

    The head of the Detroit Fire Department, ordered to cut 15 percent from his 2012-13 budget, is considering some novel approaches to firefighting and addressing the proliferation of vacant houses in the city.



    Click here to follow Colodny Fass on Twitter (@CFTLAWcom)



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