Capitol to Courthouse Florida Insurance Report: Thursday, October 18

Oct 18, 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 Florida insurance-related events scheduled for today.



Daily Insurance-Related News


Florida Sinkhole Insurance Rates are Rising

Florida sinkholes continue to claim homes across the state.


Editorial:  Citizens Property Insurance out of control

What do you do when your organization is under fire for alleged unethical conduct by its employees, including its top managers?


Tampa streetcar board seeks help with annual insurance tab

The streetcar board is tired of paying a fourth of its budget for insurance for an Ybor City rail crossing, and on Wednesday board members decided to ask lawmakers to help them do something about it.


KEL partners’ title insurer halts business

Citing a regulatory mandate and a potentially crippling volume of claims, K.E.L. Title Insurance Group – owned by the partners of Orlando’s KEL law firm – has withdrawn from the title insurance business and is trying to get into a state “rehabilitation” program for troubled insurers, the company confirmed Wednesday.


Senator Bill Nelson, Representative Connie Mack meet in bitter Florida Senate debate

The first and only debate between Democratic Senator Bill Nelson and Republican challenger Representative Connie Mack IV Wednesday came across almost like the old school-yard taunt, “I know you are, but what am I?”


Florida’s public counsel says contentious electricity rate case could set dangerous precedent

The state’s consumer advocate says his office was frozen out of negotiations over what millions of people in South Florida will pay for electricity.


Port of Miami and U.S. Army Corps of Engineers invite bids to deepen port

The dredging project is part of Florida’s efforts to make Miami the first port of call for the larger ships expected to sail through an expanded Panama Canal.


Florida Senate District 20:  Ashley Rhodes-Courter (D), Jack Latvala (R)

Political newcomer Ashley Rhodes-Courter faces off against veteran lawmaker Jack Latvala in this newly drawn district.


Florida House District 62:  Janet Cruz (D), Wesley Warren (R)

Two Tampa natives with deep roots in the area are competing to represent this Democrat-leaning district.


Wall Street Journal:  New European Insurance Rules Could Be Delayed

Europe’s insurers will likely get a reprieve of up to two years to fully implement a planned overhaul of rules governing the capital buffers they need to stay in business during times of stress, according to the sector’s top regulator in the region.


Too-Big-To-Fail Insurers Need to Cut Risks, Association Says

Insurers deemed too big to fail should cut systemic risks, increase capital buffers and improve their liquidity planning to reduce the impact on economic activity should they collapse, an industry regulator said.


North Carolina coastal residents protest proposed insurance hike

They’re mad as heck, and they don’t want to take it anymore.


Insurance giant cites climate in rising North American disaster costs

North America incurred $510 billion in insured losses from weather catastrophes over the last three decades, and climate change is emerging as one of the reasons why, reinsurance giant Munich Re said Wednesday.


NPR:  States Iron Out The Kinks In Long-Term Care Insurance

Long-term care insurance provides money for care when you’re too old or sick to wash yourself and cook, though few American use it.




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