Capitol to Courthouse Florida Insurance Report: Thursday, July 5

Jul 5, 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


There are no insurance-related events scheduled for today.



Daily Insurance-Related News


6 more counties get federal aid for Tropical Storm Debby damage

State officials say residents in six more counties will receive federal aid to help them recover from Tropical Storm Debby.


State Representative Bryan Nelson:  Florida’s Insurance Market, Part 1 — The Risk of Citizens Property Insurance

Florida is making big promises on property insurance it probably can’t keep and Floridians will end up paying for it when the big storm hits.


Florida Seeks Help to Quicken Approval of Insurer Forms

Florida regulators are looking to fast track the approval of changes in insurance company property policy forms and coverages after building up a significant backlog due to the numerous law changes enacted in the past two years.


Central Florida school districts gamble with limited hurricane-insurance coverage

School districts across Central Florida are betting that a hurricane won’t hit here and cause more damage than their meager insurance policies cover.


Florida’s Anti-Fraud Auto Insurance Law Now in Effect

A trio of constitutionally questionable measures and legislation designed to crack down on no-fault auto insurance fraud are among about 150 new Florida laws going into effect Sunday.


Insurer grilled over force-placed policies 

Why are prices for force-placed policies often much higher than regular home insurance rates – even though the insurers don’t have to pay costs associated with attracting and keeping policyholders?


Does home market value mean cheaper insurance?  

Home prices in Florida have fallen over the past five years.


Affordable Care Act:  Debate on Law Heats Up in Florida

The U.S. Supreme Court may have ended its debate over the Affordable Care Act, but the rhetoric over the historic decision is just heating up in Florida.


Lawsuit:  Former Miccosukee chief stole millions from tribe

The Miccosukee Tribe has turned against its former chairman with a vengeance, accusing Billy Cypress in a new lawsuit of stealing $26 million from the tribe to spend on numerous gambling trips, shopping sprees, real-estate investments and luxury cars.


Nevada Withdraws from Non-Admitted Insurance Multi-State Agreement, Leaving 5 States Plus Puerto Rico

Nevada has become the latest state to withdraw from the Non-Admitted Insurance Multi-State Agreement, leaving only five states and Puerto Rico as members.


Ruling Reveals Broker Errors & Omissions Risk in Surplus Lines Agreements

A recent court case gives wholesale brokers reason to review the contractual language they have before signing an agreement with a surplus lines carrier which obligates the wholesale producer to police risks, particularly when the broker doesn’t have the opportunity to review the applications being submitted or make sure the risks being submitted comply with underwriting criteria.



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