Capitol to Courthouse Florida Insurance Report: Thursday, November 15

Nov 15, 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

10:00 a.m.–Florida Workers’ Compensation Joint Underwriting Association Audit Committee meeting; To view the agenda, click here.

(CANCELED) 1:00 p.m.–Citizens Property Insurance Corporation Investment Committee meeting; Teleconference:  866-361-7525; conference code:  4869641229#.  To view the meeting notice, click here.



    Daily Insurance-Related News


    Citizens Property Insurance touts take-outs as review of incentives program conducted

    Citizens Property Insurance Corp., the state-run company that is the largest property insurer in Florida, announced last week that 229,500 of its policies have been taken over by private companies in 2012.


    Former Florida Citizens Property Insurance Underwriting Vice President Debbie Murphy Named Main Street America Vice President

    Debbie Murphy has joined The Main Street America Group as the property/casualty insurance carrier’s vice president and head of personal lines product.


    Blog:  Storm costs offset gains at United Insurance

    United Insurance Holdings Corp. reported third quarter 2012 comprehensive income of $1.8 million, or 9 cents a share, compared to comprehensive income of $5.2 million, or 35 cents a share, in the same period last year.


    Over objections, rezoning approved for expanded mining in eastern Hernando County  

    A 112-acre expansion of the E.R. Jahna Industries rock mine in Ridge Manor got a nod of approval from the Hernando County Planning and Zoning Commission on Wednesday.


    USDA Designates 5 Counties in Florida as Primary Natural Disaster Areas

    The U.S. Department of Agriculture has designated five counties in Florida as primary natural disaster areas due to damages and losses caused by excessive rain and flooding from Tropical Storm Isaac that occurred Aug. 25-28, 2012. 


    Florida Governor Rick Scott Drops Opposition to Health Law

    Florida Governor Rick Scott dropped his opposition to President Barack Obama’s health overhaul, saying he wants to negotiate on the issue that began his political career.


    Florida Governor Rick Scott orders inquiry into state’s election woes

    Governor Rick Scott Wednesday directed Secretary of State Ken Detzner to find out why there were long lines at Florida polling places and delays in counting the vote on election day.


    Florida Representative Chris Dorworth down, Incoming House Speaker Weatherford announces new leadership positions; minority posts also filled

    Incoming House Speaker Will Weatherford tapped Representative Steve Precourt, R-Orlando, as the next House majority leader after his first choice, Representative Chris Dorworth, R-Lake Mary, was not re-elected.


    Blog:  Incoming Florida House Speaker Weatherford looks to limit conforming bills

    Increasingly disparaged by political watchdogs, conforming bills may become more of a rarity over the next few years, incoming House Speaker Will Weatherford told reporters via Michael Peltier of the News Service of Florida.


    Wall Street Journal Blog:  FDIC To Close Florida Office In April 2014

    The Federal Deposit Insurance Corp. has entered the final stage of the bank failure wave stemming from the U.S. financial crisis, saying it has started winding down the last temporary office opened to shut down crisis-hobbled banks.


    Trade associations lay into National Association of Insurance Commissioners budget

    Insurance industry associations engaged in their annual rite of passage this month, criticizing on many fronts the proposed National Association of Insurance Commissioners budget for the coming year, especially targeting the association’s growing accumulated surplus which one organization predicted could break the $100 million mark in just four more years, in 2016.


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