Capitol to Courthouse Florida Insurance Report: Thursday, October 4

Oct 4, 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


1:00 p.m.– Florida Office of Insurance Regulation Public Rate Hearing:  National Council on Compensation Insurance; To view the hearing notice, click here.



    Daily Insurance-Related News


    Citizens Property Insurance hikes are “economic disaster,” says State Senator Mike Fasano

    It’s a change that could affect more than a million Floridians:  Insurance policy rates with the state-run Citizens Property Insurance Corporation are set to increase after the new year.


    Experts:  Citizens Property Insurance increase will hurt home sales

    A scheduled rate increase next year by Citizens Property Insurance Corp. could scuttle some home sales, especially among buyers who may be stretching to snap up Southwest Florida’s rapidly diminishing inventory.


    A closer look at five insurers taking a big chunk of Citizens Property Insurance

    You’re among tens of thousands of Citizens Property Insurance customers getting notice in the mail this week that one of five private insurers wants to assume your homeowners policy.


    Business Week:  Florida regulators approve Citizens Property Insurance rate increases

    Florida businesses and homeowners doing business with state-backed Citizens Property Insurance Corp. will see double-digit premium increases in most cases early next year.


    Blog:  Citizens Property Insurance rate increase may put property out of reach for some

    Real estate agents and lenders worry that buyers will experience “sticker shock” when they see Florida’s insurance premiums, the Sarasota Herald-Tribune said.


    Blog:  Fun facts about Citizens Property Insurance

    So how come policyholders can’t get a little relief?


    Florida Turns Up Heat On Property Owners

    Insurance regulators in Florida approved a 10.8 percent rate hike for Citizens Property Insurance Corp. to reduce the program’s size, a state senator said.


    Blog:  Sound off on Citizens Property Insurance rate hike

    State-backed Citizens says it’s concerned that it doesn’t have enough money to pay claims if a major storm hits Florida.


    Cape Coral insurance agent charged with embezzlement

    A Cape Coral insurance agent is accused of pocketing nearly $16,000 in insurance premiums that customers paid to protect their residences.


    Florida governor says state needs more water from Georgia

    Florida’s oyster industry appears near collapse and needs help to survive, including getting more fresh water into Apalachicola Bay from Georgia, Governor Rick Scott said Wednesday in pledging to try to help.


    Florida justices hearing nuclear plant cost appeal

    A challenge to Florida’s law letting utilities charge consumers for planned nuclear power plants even if they never get built is being heard by the state Supreme Court.


    Governor Rick Scott turns voting purge into fundraising effort

    Governor Rick Scott and the Republican Party of Florida are turning the effort to remove non-citizens from voting lists into a political fundraising appeal and are attacking President Barack Obama, Democratic Senator Bill Nelson, former Governor Charlie Crist and others along the way.


    State Senators Bogdanoff, Sachs face off in state’s only Senate race between two incumbents

    The battle between Senators Maria Sachs, D-Boca Raton, and Ellyn Bogdanoff, R-Fort Lauderdale, for the newly drawn Palm Beach-Broward District 34 seat is the one to watch this election season.


    Blog:  After brutal primary, Jack Latvala says he’s fully supporting “fine young man” Aaron Bean

    Remember those ads state Senator Jack Latvala helped fund blasting Aaron Bean during the GOP primary? If you live in Northeast Florida, they were tough to miss.


    USA Today:  States get tougher on metal theft

    When a thief swiped three air-conditioning units over the Memorial Day weekend and caused $15,500 in damage to one of the 19 commercial buildings Ralph Perrone owns along Florida’s Space Coast, he became so frustrated he formed a scrap-metal theft task force with law enforcement.



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