Capitol to Courthouse Florida Insurance Report: Thursday, June 16

Jun 16, 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


  • 9:00 a.m.–Florida Cabinet meeting.  To view the agenda, click here
    • Florida Office of Insurance Regulation (“OIR”)
      • Approval for publication
        • Proposed Rule 69O-138.047:  Description of Actuarial Memorandum including an Asset Adequacy Analysis and Regulatory Asset Adequacy Issues Summary
        • Proposed Rule 69O-162.203:  Adoption of 2001 Commissioners Standard Ordinary (CSO) Preferred Mortality Tables for Determining Reserve Liabilities for Ordinary Life Insurance
        • Proposed Rule 69O-164.020:  Valuation of Life Insurance Policies
      • Approval of appointments to the Florida Workers’ Compensation Joint Underwriting Association Board of Governors
      • Update on the financial condition of Citizens Property Insurance Corporation
    • State Board of Administration
      • Authorize the Florida Hurricane Catastrophe Fund (“FHCF”) to file Emergency Rule 19ER11-2, “Reimbursement Contract,” which would amend Articles V and VI of the 2011/2012 FHCF Reimbursement Contract to implement statutory changes made by CS/CS/CS/SB 408; to file a Notice of Proposed Rule for Rule 19-8.010, “Reimbursement Contract,” and to authorize filing this Rule for adoption if no member of the public requests a Rule hearing.  To view the hearing notice, click here.
  • 9:00 a.m.–OIR Public Rate Hearing:  Hartford Insurance Company of the Midwest. To view the hearing notice, click here.  To view the agenda, click here.
  • 10:00 a.m.–Florida Commission on Hurricane Loss Projection Methodology (“FCHLPM”) meeting.  The FCHLPM is scheduled to review computer models submitted under its Standards and Acceptability Process for 2009.  Teleconference:  888-808-6959.  To view the meeting notice, click here.



Daily Insurance-Related News


Insurers’ statistics dismay audience

Pulitzer-winner details ‘tricks’ of the trade

A frank and eye-opening discussion about the insurance industry in Florida had a crowd of more than 200 people gasping audibly, and shaking their heads in frustration.


Blog:  Regulators set to grill insurer on 25 percent rate hike request

Regulators will question Hartford Insurance Co. of the Midwest Thursday on its request to raise average statewide rates by 25 percent.


Editorial:  Citizens Low Rates Costing Every Florida Policyholder

Every car, boat, and home owner in Florida is still paying for the hurricanes of 2004-2005 and will be for at least the next five years.  Median Florida Auto Insurance Rate Now $884 per Household

The median six-month Florida auto insurance rate has increased approximately 3 percent over the last 12 months to reach $884 according to InsWeb, a leading online insurance comparison provider.


State moves to shut down money to Assisted Living Facilities

Florida health administrators are slashing hundreds of thousands in taxpayer dollars to a troubled Tampa Bay assisted living facility chain in a move that could jeopardize the homes’ ability to keep their doors open.


State senator encourages Tea Party participation at Medicaid overhaul hearings

Senator Joe Negron says public meetings are attended by groups who “have the time, energy and organization to show up during the day while a lot of people are working.”


Panel considers Florida investment policy update

The State Board of Administration is considering changes in Florida’s investment policy in light of a new public employee pension law that includes benefit reductions.


Florida Department of Environmental Protection says it’s reconsidering action on water standards

The Department of Environmental Protection is holding workshops this week on developing numeric nutrient criteria, which are limits for nitrogen and phosphorus in waterways.


Florida No. 1 in nation for marijuana grow houses

Nationwide demand for high-potency marijuana has turned Florida into a top producer of hydroponic weed, and hundreds of South Floridians are turning their homes into lucrative grow houses, according to local law enforcement.


Governor Scott vetoes citrus research funding

Governor Rick Scott defended his veto of $2 million for citrus disease research to a meeting of the state’s growers Wednesday, saying there are other sources for it within the industry.


Governor Scott names 7 to Florida Citrus Commission

Governor Rick Scott has announced five reappointments and two appointments to the Florida Citrus Commission.


Blog:  Governor’s wife Ann Scott has a new title — Chief Child Advocate

First Lady Ann Scott , mother of two and wife of the state’s chief executive, has a new title: Chief Child Advocate.


Blog:  University of Florida most Googled college in U.S.

The University of Florida is the most Googled college in the U.S., according to the website via Nathan Crabbe.   


Texas House OKs windstorm bill, but difference with Senate still unresolved

The Texas House gave approval Wednesday to its version of a windstorm insurance bill that seeks to rein in damages that could be collected in a lawsuit.


Senators weigh Texas windstorm reform bill, limits on policyholders’ ability to sue Texas Windstorm Insurance Association

Passing a bill reforming the Texas Windstorm Insurance Association will almost certainly pivot on a single issue: What recourse will a homeowner who buys insurance from the state have if the state breaches its contract?


Bill would help families of murdered Louisiana insurance fraud investigators

A week after two unarmed Louisiana Insurance fraud investigators were shot and killed while looking into a case, state lawmakers are working to give the investigators’ families some compensation.


Appeals court sides with PricewaterhouseCoopers in overtime lawsuit

Unlicensed accountants at PricewaterhouseCoopers L.L.P. are not automatically covered by California’s overtime laws, a U.S. appeals court ruled Wednesday.





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