Capitol to Courthouse Florida Insurance Report: Thursday, June 14
Jun 14, 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.
7:30 a.m. to 4:00 p.m.–Florida Office of Insurance Regulation 2012 Industry Conference, Tallahassee. “Successful Strategies for Business Development.” For more information, click here.
Barry Gilway was named president of Citizens Property Insurance Corporation on Wednesday, but it is unclear when he will start work.
- Citizens Property Insurance Goes for Downsizing Experience in Picking New President
- From Alaska Commercial to Florida Residual: New Citizens Property Insurance President Named
It’s become Governor Rick Scott’s favorite talking point in the escalating debate over raising rates at Citizens Property Insurance: The state-run insurer has a whopping $500 billion in risk exposure, and a paltry $6 billion in surplus, or cash-on-hand.
Lexon Insurance Co. in Hermitage, Tennessee, has agreed to a acquire all shares of Peninsular Surety Company in Naples, Florida.
Mississippi Is Number One
The for-profit MedVance Institute has agreed to offer free retraining for former students and $600,000 in scholarships as part of a settlement with the Florida Attorney’s General Office.
Federal environmental officials on Wednesday told Florida that a revised state plan to improve water quality in the Everglades meets with Washington’s approval, and said it may meet a federal judge’s order to clean up the ecosystem.
A bill creating a new Office of State Technology to replace the agency that deals with technology throughout state government was vetoed by Governor Rick Scott.
Cell phones have become the latest campaign fundraising tool since the Federal Elections Commission ruled Monday that citizens may text message donations to political campaigns.
In a ballot initiative that caught the attention of Florida tea party conservatives and low-tax advocates the country over, North Dakota voters on Tuesday said “no” to making their state the first in the nation to end property taxes.
The Legislature’s power of the purse trumps public employees’ state constitutional right to collective bargaining, a former Florida Supreme Court justice argues in papers filed with his colleagues.
Connecticut is the latest state to liberalize collateral requirements for foreign-based reinsurers, and California could be next on the list, after a similar bill passed that state’s Senate.
Alabama’s governor visited the Gulf coast Wednesday to promote new laws designed to make homeowner’s insurance more affordable after hurricanes drove up prices.
A new study shows that heavy spending on political activity often yields a negative return on investment for large companies.
Two financial associations are competing with Progressive for rights to the domain address .insurance.
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