Capitol to Courthouse Florida Insurance Report: Tuesday, February 26
Feb 26, 2013
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.
There are no Florida-related insurance events scheduled for today.
A.M. Best Co. has assigned a financial strength rating of B (Fair) and an issuer credit rating of “bb” to Weston Insurance Company. The outlook assigned to both ratings is stable.
The Legislature appears to be on a path to make it harder for non-homesteaded homes, often owned by people living out-of-state, to be added to or remain under the umbrella of the state-backed Citizens Property Insurance Corp.
Perennially one of the most contentious subjects in the Legislature, battle lines over insurance issues are being drawn again ahead of the start of the legislative session March 5.
The Florida Surplus Lines Association said it has named Larry Bodkin as its new executive director.
Universal Insurance Holdings, which owns the largest private homeowners insurance company in Florida, will pay its new CEO a salary of $2 million a year.
Monroe County’s new representative is no freshman to state politics, and her legislative experience and priorities reflect the ideological diversity of her district and the issues important to its constituents.
A temporary worker in Jacksonville, Fla. became that literally when he was killed his first day on the job. On August 16, 2012, Lawrence Daquan “Day” Davis, 21, reported for work at the Bacardi Bottling Corp. where he was, later that same day, crushed to death by a palletizer machine.
After yet another bruising round of contract talks, the firefighters who work at Walt Disney World are turning to Tallahassee for help.
The Pinellas County clerk of courts is urging local cities to stop issuing traffic citations from red light cameras until flaws are worked out.
Brace yourself for longer lines at the doctor’s office.
Governor Rick Scott, who famously sold state airplanes as one of his first acts as Florida’s chief executive, could face flight delays at his hometown airport in Naples if massive federal spending cuts hit the state.
The White House on Sunday stepped up its campaign to avoid across-the-board spending cuts scheduled in less than a week by releasing estimates of what reductions could mean in every state.
Consumer advocates want Duke Energy to refund its Florida customers hundreds of millions of dollars for “woefully inadequate” handling of the now shuttered Crystal River nuclear plant.
A founding member of Russia’s ruling party resigned from Parliament on Wednesday, after opposition bloggers unearthed documents they said showed he owns waterfront properties in Florida that he didn’t mention in his parliamentary asset declarations.
Just after our story posted on the polling numbers and popularity of medical-marijuana, the following coincidentally happened to an activist mentioned in the piece.
The 1st District Court of Appeal has affirmed an administrative law judge’s ruling in support for state water quality standards although implementation still is uncertain.
The Florida Senate’s new leader is a sharp-tongued orator and a throwback to when members of both major parties put aside ideological purity for the sake of getting things done.
Senator Eleanor Sobel is one of a handful of Democratic committee chairs in the Republican-dominated Legislature. Senate President Don Gaetz tapped her to lead his chamber’s Committee on Children, Families and Elder Affairs, where she’s the moving spirit on a bill that would tighten protections for the residents of assisted living facilities.
Former Florida Senate President W.D. Childers on Monday received another chance to clear his name from the U.S. Supreme Court.
New York State introduced a program Monday for homeowners battered by superstorm Sandy to challenge insurance companies, providing mediators to determine whether settlements were fair and if claims were improperly denied.
The House Financial Services Committee (HSFC), in a portion of its oversight plan for the 113th Congress, is urging the Federal Insurance Office to submit several “long overdue reports without further delay.”
The sinkhole in northern Assumption Parish, La., continues to grow.
The New York regulators’ latest Sandy response report cards show 272,878 Sandy-related claims – representing 70 percent of some 389,801 Sandy claims filed in the state – have been closed with payment, as of February 15.
Texas’ property insurer of last resort in coastal counties may have a difficult time remaining intact during the 2013 legislative session.
State Farm Insurance Co. says it isn’t moving its headquarters from Bloomington, despite recent media reports that the Illinois-based company is adding major office space in Dallas, Atlanta and Phoenix.
On average, California work injury claims from 2002 through 2011 that involve physician-dispensed repackaged drugs had 17 percent higher medical benefit costs, according to a new California Workers’ Compensation Institute study.
As part of our special report on Climate Change and the Insurance Industry, PC360 asked five agents to discuss how, if at all, their business is responding to the issue. The producers represent a broad cross-section in terms of geography, size and specialties.
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