Capitol to Courthouse Florida Insurance Report: Thursday, November 21
Nov 21, 2013
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9:30 a.m.–Florida Office of Insurance Regulation (“OIR”) Rule Development Workshop. Proposed amendments to Rules 69O.203.042 and 69O-203.045 would require companies to submit subscriber contracts, rates and related forms via the OIR’s online I-Portal. To view the workshop notice, click here.
State-run Citizens Property Insurance Corp. will now cover homes with prior sinkhole claims — provided homeowners have repaired the damage and have the documentation to back it up, The Florida Current’s Gray Rohrer reports.
Universal Insurance Holdings, Inc. (“Universal” or the “Company”) (NYSE MKT: UVE) announced today that it will transfer the listing of its common stock from NYSE MKT to the New York Stock Exchange (“NYSE”) effective with the start of trading on December 3, 2013, a company news release announced.
Florida Fish and Wildlife Conservation Commission members on Wednesday wrangled with state and federal water managers about Everglades restoration before adopting recommendations intended to protect wildlife from flooding.
AT&T Florida President Marshall Criser III was picked Wednesday to be Florida’s university system chancellor. Governor Rick Scott applauded the decision, saying Criser has the vision to enhance the university system’s effectiveness, The Florida Current’s James Call reports.
Two Democratic lawmakers are raising objections to Gov. Rick Scott‘s jobs agency over the “usefulness” of a legislatively ordered online portal for disclosing economic-development incentives, Orlando Sentinel’s Aaron Deslatte reports.
Amid a power struggle with Gov. Rick Scott’s new chief of staff, the pollster-architect of the Republican’s unexpected campaign victory in 2010 has taken a step back from day-to-day operations of his reelection campaign for next year, the Miami Herald’s Marc Caputo reports.
The director of the Alaska Division of Insurance, who led the state through the initial rollout of the Affordable Care Act, resigned Monday to take a position with a ministry, Tegan Hanlon reports for Anchorage Daily News.
The federal government is urging a federal court to dismiss a Mississippi lawsuit seeking to halt flood insurance rate hikes until an affordability study is completed, Andrew Simpson reports for Insurance Journal.
A House hearing on what Congress should do to reduce the impact of flood insurance rate increases was like watching two worlds collide, Arthur Postal reports for National Underwriter’s PropertyCasualty360.com.
Federal Reserve Vice Chairman Janet Yellen said the central bank will “carefully consider” how to apply new regulatory standards to insurance companies that fall under the central bank’s supervision, Bloomberg’s Craig Torres reports via Insurance Journal.
The weekend’s deadly storm outbreak in the Midwest may cost up to $1 billion, says RMS, and could rank as the most expensive of the top five catastrophes of its kind to have occurred in November since 1950, Ana Khalamayzer reports for National Underwriter’s PropertyCasualty360.com.
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