Capitol to Courthouse Florida Insurance Report: Thursday, October 20
Oct 20, 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.
9:00 a.m.–Florida Commission on Hurricane Loss Projection Methodology meeting. Continuation of discussion and consideration of adoption of 2011 Standards and Report of Activities. Teleconference: 888-808-6959; conference code: 4765251363. To view the meeting notice, click here.
(CANCELED) 10:00 a.m.–Florida Surplus Lines Service Office National Clearinghouse Committee meeting. Agenda includes issues pertaining to the proposed national surplus lines tax clearinghouse. To view the meeting notice, click here.
State Farm, Florida’s largest private home insurer, keeps shrinking as state-backed Citizens Property Insurance keeps growing.
The bill would allow surplus lines insurance companies to compete with private home insurers to attract customers away from the state’s Citizens Property Insurance Corp.
Should a catastrophic hurricane hit the state, the state-run reinsurance fund would not be able to borrow enough money to cover its $18.389 billion in potential obligations, according to the report released Tuesday by the fund’s financial advisor, Raymond James Financial.
In October 2005, when Hurricane Wilma ripped through the Florida Keys, Kathy Houtz’s 1,000-square-foot house on Key Haven, a community just east of Key West, was practically destroyed.
The Doctors Company completes its acquisition of FPIC Insurance Group.
NFIB says that a proposed rate increase should not reflect the cost of physicians directly dispensing drugs to patients. Proposals to cap what they could charge have been hotly contested the past two years.
Attorneys for ex-Hillsborough County Commissioner Kevin White will be paid by county insurers for what it cost to unsuccessfully defend him against a 2009 sexual harassment complaint, a federal judge ruled Wednesday.
HB 33 is aimed at increasing intersection safety, but some House are concerned that municipalities with red light cameras could be shortening the duration of yellow lights in an effort to garner more revenue from tickets.
As it prepares to hold its presidential primary on Jan. 31, Florida is now seeking an expedited ruling in a federal court proceeding in which it is seeking approval for four contested provisions of an election law passed this year.
Governor Rick Scott is grudgingly complying with a Florida Supreme Court decision.
SB 192, sponsored by Senator Mike Bennett, creates a process that allows independent special districts to merge with adjacent districts that serve a similar purpose, and also creates a new process for districts to declare themselves inactive by a unanimous resolution of their governing boards.
A day after Agriculture Commissioner Adam Putnam became the first state Cabinet officer to back a presidential candidate, former Governor Mitt Romney of Massachusetts unveiled the endorsement of Florida Chief Financial Officer Jeff Atwater on Wednesday.
Attorney General Pam Bondi appears to have softened her stance on reducing mortgage debt for homeowners as part of the nationwide settlement agreement with banks involved in foreclosure offenses, The Palm Beach Post reports.
After a brief appearance in the nation’s top 10 earlier this year, Florida has dropped further behind other large states in the amount of venture capital flowing its way, according to a quarterly survey released Wednesday.
As natural gas drilling has spread across the country, energy industry representatives have sat down at kitchen tables in states like Texas, Pennsylvania and New York to offer homeowners leases that give companies the right to drill on their land.
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