Capitol to Courthouse Florida Insurance Report: Tuesday, August 14

Aug 14, 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


9:30 a.m.–Florida Office of Insurance Regulation Proposed Rule Hearing 

  • Rule 69O-164.030, entitled “Application of Rule 69O-164.020 to Various Product Designs,” has been deemed unnecessary by the OIR and is proposed for repeal.  To view the hearing notice, click here.
  • Proposed amendments to Rule 69O-137.001 would adopt the 2011 National Association of Insurance Commissioners (“NAIC”) Quarterly Statement Instructions and the 2011 NAIC Accounting Practices and Procedures Manual.  To view the hearing notice, click here.
  • Proposed amendments to Rule 69O-138.001 would adopt the 2012 NAIC Financial Condition Examiners Handbook.  The current Rule adopted the 2011 version.  To view the hearing notice, click here.



    Daily Insurance-Related News


    Validus Reinsurance wins Florida approval

    The Florida Office of Insurance Regulation has signed a consent order that allows underwriters at the Bermuda-based Validus Reinsurance to operate in Florida as a reinsurer.


    Blog:  Florida rejects Praetorian rate request on force-placed coverage

    Florida regulators have turned down Praetorian Insurance Co.’s proposal for a 2.2 percent statewide decrease for force-placed insurance coverage.


    Florida Denial of QBE Force-Placed Rate Proposal Could Impact Assurant, Others

    Florida’s denial of QBE’s rate request for force-placed insurance business could impact the company’s competitor, Assurant, and have a broader impact across the country, says a financial analyst.


    Citizens President Barry Gilway:  Citizens aims to serve customers, taxpayers

    Citizens Property Insurance Corp. was created in 2002 by the Florida Legislature to provide property insurance coverage for Florida property owners who are unable to secure coverage in the private insurance market.


    Citizens 10.2 percent rate request can’t ignore changes in the law, regulators say

    A law rewritten in 2007 raises questions about a requested 10.2 percent average statewide rate increase in 2013 by last-resort insurer Citizens, regulators say.


    Hurricane Charley hit 8 years ago today

    The hurricane season seemed calm and quiet in 2004, until August, when Hurricane Charley struck Punta Gorda with ferocious 140 mph winds. Charley – the third named storm that year – made its first landfall in Cayo Costa and its second in Punta Gorda shortly before 4 p.m. eight years ago today.

    Florida Governor Scott Reappoints 7 Workers’ Compensation Judges

    Florida Governor Rick Scott has reappointed seven judges on the state’s court that handles workers’ compensation claims.


    Florida primary election turnout expected to be low

    Florida’s earliest primary ever, before most people focus on politics, appears to be a yawner. 


    Another interim director tapped for Florida Department of Health disease control division

    Jennifer Bencie replaces Rhonda White, who had been interim director since Julia Gill resigned in June. 


    THE NEWS SERVICE OF FLORIDA:  Prison Privatization Issue Produces Outpouring of Florida House District 7 Candidates

    A crowded race in what is essentially a new House district in North Florida is in some ways serving as an outlet for the area’s frustration over its diminishing influence and the GOP’s continuing interest in privatizing prisons.


    Duke Energy CEO:  Crystal River Nuke-Repair Costs May Fall on Customers

    Florida customers of Progress Energy could be on the hook for the growing repair costs to the Crystal River nuclear plant if the new owner decides to fix the faulty reactor without full coverage from its insurer.


    The Florida Current’s Q&A with Florida Office of Energy Director Patrick J. Sheehan

    Sheehan in 2011 was made director of the Office of Energy after the Legislature passed a bill moving it from the governor’s office to the Florida Department of Agriculture and Consumer Services. Sheehan this week was preparing for the 2012 Florida Energy Summit, which begins Wednesday in Orlando.



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