Capitol to Courthouse Florida Insurance Report: Monday, August 29

Aug 29, 2011


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.–Florida Division of Insurance Agent and Agency Services.  Proposed Rule Hearing; 10:00 a.m.  Repeal is proposed for Rule 69B-125.004, which relates to credit report use and disclosure in consideration of insurance applications, since it is duplicative of Rule 69O-125.004, which is administered by the Florida Office of Insurance Regulation.  To view the hearing notice, click here.

2:00 p.m.–Florida Workers’ Compensation Insurance Guaranty Association.  Investment Committee meeting; 2:00 p.m.  Agenda includes a discussion on the impact of recent rating agency downgrades.  To view the meeting notice, click here.



    Daily Insurance-Related News


    Wall Street Journal:  Fiscal Hurricane Season

    Florida’s state-run insurers can’t cover their liabilities, and all Americans may end up paying as a result.

    Hurricane Irene is sparing Florida as it heads up the U.S. East Coast this weekend, but that doesn’t mean the danger is over for the Sunshine State or taxpayers across the country.


    Insurance Workshop hosted by Senator Flores and State Representative Trujillo and Bileca (Facebook)

    The focus of Senator Flores’ town hall meeting will be homeowners insurance laws.


    Citizens’ Property Insurance customers offered free bus ride

    Residents will get one more chance next month to formally air their concerns regarding the huge rate hike proposed by Citizens Property Insurance Corp.


    24 Percent of Florida Drivers Are Uninsured

    While Florida requires drivers to maintain insurance the Insurance Research Council says 24 percent of Florida drivers don’t have it.


    Fort Lauderdale attorney sentenced to five years in prison

    Michael J. McNerney admitted having a role in a massive viatical Ponzi scheme

    A well-known Fort Lauderdale lawyer was sentenced Friday to five years in prison for his role in what federal authorities have described as a sprawling Ponzi scheme that defrauded thousands of investors worldwide out of more than $800 million.


    Hospital executive wants to know if he has a conflict of interest

    Alan Levine, the former head of the Agency for Health Care Administration, has asked the state’s ethics panel whether or not he can sit on the University of Florida board.


    Agriculture Commissioner Adam Putnam names directors to take over new school nutrition, energy programs

    Agriculture Commissioner Adam Putnam named Congressional policy veteran Patrick Sheehan to serve as director of the Office of Energy and Robin Safley, a regular on the “The Usual Suspects” television political talk show, to head up school nutrition programs.


    State Senator Mike Bennett considering running for Manatee commission

    State Senator Mike Bennett, R-Bradenton, has been one of the toughest critics of county commissioners in the region over his 11 years in the Florida Legislature.


    Palm Beach County in the dark, thanks to I-95 wire clippers

    Thieves have cast 33 miles of Interstate 95 into darkness in Palm Beach County by yanking out the underground copper wire needed to power the overhead lighting.


    Former Rick Scott campaign manager Susie Wiles’ emails show Jeb Bush not happy with Governor Rick Scott firing

    Emails from former Rick Scott campaign manager Susie Wiles show that former Governor Jeb Bush was disappointed that Scott fired the mother of an Army soldier who had just been killed in Afghanistan as well as others who worked in the governor’s office.


    Blog:  The new world order inside Governor Rick Scott’s office

    Eight weeks after Steve MacNamara was announced as Governor Rick Scott’s chief of staff, a copy of the new organizational chart inside the state’s most powerful political office has been posted online.


    Legislative leader hopes for an easier budget year

    Senate Budget Chairman J.D. Alexander is hoping lawmakers face an easier budget year when they return to Tallahassee in January to craft a spending plan for 2012-13.


    Blog:  Alabama insurance group seeks public input Monday at Mobile meeting

    The group tasked with improving Alabama’s insurance market will invite input from citizens Monday evening in Mobile.


    Louisiana Citizens Property Insurance Ratings Upgraded

    Commissioner Donelon is pleased to announce that Fitch Ratings has upgraded to A- from BBB the rating of the Louisiana Citizens Property Insurance Corporation $576,965,000 assessment revenue bonds, series 2006B.


    Wells Fargo Names New Head Of Insurance Services

    Laura L. Schupbach was named the new head of Wells Fargo Insurance Services to replace David Zuercher who is retiring at the end of this year.


    Georgia awaits new round of rate hikes

    Homeowners on tight budgets should prepare for another financial strain:  Higher insurance bills.


    FOX News:  Do We Really Need a National Weather Service?

    As Hurricane Irene bears down on the East Coast, news stations bombard our televisions with constant updates from the National Hurricane Center. 


    GOP Presidential Candidate Ron Paul on hurricane response:  “We should be like 1900”

    The official candidate of liberty wants to go back to the good old days of (non-existent) federal disaster response.



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