Capitol to Courthouse Florida Insurance Report: Thursday, January 17
Jan 17, 2013
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.–Florida Automobile Joint Underwriting Association meeting. Lake Mary, Florida. Agenda includes review of claims provider performance in claims handling. To view the meeting notice, click here.
Florida Insurance Commissioner Kevin McCarty proposed major changes to the Florida property insurance system, especially for Citizens Property Insurance, at a presentation made to the state Senate Banking and Insurance Committee on Wednesday.
- Florida Insurance Commissioner Presents Principle-Based Reforms for Florida’s Property Insurance Market
Lawmakers are hoping to build political consensus for changes to Citizens Property Insurance Corp. but Florida’s political divide over property insurance remains.
Increased premiums, creating a clearing house for private firms to cherry pick accounts, or breaking up Citizens Property Insurance Corp. into more manageable pieces are among proposals being tossed about in the Senate to reduce the Florida-backed insurer and attract more private firms into Florida.
An inspector general is criticizing travel expenses racked up by employees at the state-created Citizens Property Insurance.
The Florida Chamber of Commerce wants the state Legislature to adopt a seven-point plan – much of which is directed at Citizens Property Insurance Corp. – to improve property insurance in the Sunshine State.
R Street, a free-market think tank headquartered in Washington, D.C., has released a new report that urges Florida’s legislators to cut off all home insurance subsidies to residents building new homes in undeveloped wetlands and barrier islands along the Gulf and Atlantic coasts, as well as undeveloped coastal barriers along the Florida Keys.
Flotillas of boats savaged by Hurricane Sandy are finding their way from the Northeast to South Florida, as insurance companies shed damaged goods and purchasers chase a good deal.
It turns out that the state of Florida has yet another major decision to make in the next few months when it comes to the federal health care overhaul.
Governor Rick Scott on Wednesday voiced his support for a broad review of Florida’s gun laws by state legislators, saying the state’s tourist economy depends on visitors being able to “feel safe” amidst an increasingly well-armed population.
Five Florida debit card companies have agreed to stop making misleading claims in a first-of-its-kind settlement with the state.
The House Energy & Utilities Subcommittee chairman said Wednesday he expects a comprehensive energy committee bill that covers issues including nuclear cost recovery.
Florida lawmakers are beginning to compile a shopping list of security items for public schools.
The Louisiana Office of Conservation has modified orders requiring Texas Brine Co. LLC to assess the status of sediments under an 8.5-acre sinkhole in northern Assumption Parish, prompting the company to withdraw a lawsuit filed in December 2012 against the state.
The New Jersey shore town of Bradley Beach came through Superstorm Sandy in better shape than many of its neighbors that sustained serious to catastrophic damage from the waves and storm surge.
On January 14 the Property Casualty Insurers Association of America participated in a discussion with the International Association of Insurance Supervisors,Financial Stability Committee on policy measures that would be applied to any insurance company designated as a Global Systemically Important Insurer.
In preparation for rules requiring the bank to hold more capital, Goldman Sachs Group is looking to sell a majority stake in its $1.4 billion reinsurance group, the firm’s incoming chief financial officer, Harvey Schwartz, said Wednesday on the firm’s earnings call.
A U.S. judge has found that two news organizations improperly used images that a photojournalist had posted to Twitter in one of the first big tests of intellectual property law involving social media.
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