Capitol to Courthouse Florida Insurance Report: Tuesday, July 12
Jul 12, 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.
(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.
12:30 p.m.–Citizens Property Insurance Corporation (“Citizens”) Market Accountability Advisory Committee Meeting. Teleconference: 866-361-7525; conference code: 7849939192. To view the meeting notice, click here.
2:30 p.m.–Citizens Audit Committee meeting. Teleconference: 866-361-7525; conference code: 3877541849. To view the meeting notice, click here.
4:00 p.m.–Citizens Finance and Investment Committee meeting; 4:00 p.m. To view the meeting notice, click here.
Title insurance firm Fidelity National Financial Inc. will pay $4.5 million to settle allegations that it paid kickbacks to real-estate agents who referred business to the company.
In these days when people feel they’ve cut their spending and tightened their belts to the limit, here comes another financial blow. Most Florida residents are seeing their home insurance premiums skyrocket.
A record number of home and commercial property owners – at 3 million, half of which are in Florida – were insured by state-run property insurers at the end of 2010, according to a national report released Monday.
Citizens Property Insurance policyholders’ premiums rose by $476 on average after the insurer inspected their properties.
The property insurance reforms signed into law this May were intended to attract more private insurance companies to Florida.
A company called HomeServe is sending letters offering “water line service coverage” for $59.88 a year.
Palm Bay businessman Glen Meisenzahl walked into his drywall business, flipped on the air-conditioner and stepped out to run a few errands.
There will be some early retirements, but no layoffs.
The heat and the drought are so bad in this southwest corner of Georgia that hogs can barely eat.
The first trial of a lawsuit has begun in Miami among hundreds of cases filed by veterans claiming serious infections were caused by shoddy hygiene practices at Veterans Administration hospitals.
The federal government on Monday announced new rules for health exchanges which are a key part of the federal health care reform legislation now being challenged by Florida and other states.
Federal regulators charged with implementing the Affordable Care Act stated Monday they are trying to work with states to start up the law’s health care “exchanges” — exchanges are one-stop consumer markets for buying insurance.
Republican incumbents David Simmons and Lizbeth Benacquisto outpaced other Senate candidates in raising campaign cash during the second quarter of 2011, new reports show.
Space Coast Republican Representative Steve Crisafulli and a young Broward Democrat currently on the Parkland city commission were among the leading fundraisers in House races for the three months that ended June 30, writes David Royse of the News Service of Florida.
U.S. Secretary of Labor Hilda L. Solis will tour Florida Power & Light Co.’s Lauderdale Power Plant in Dania Beach on Wednesday to promote a national outreach effort to protect outdoor workers from heat-related illnesses.
Alabama Governor Robert Bentley has appointed 24 people to a panel that will examine the state’s insurance market and suggest improvements.
The property and casualty insurance industry is sending a letter to members of the House urging them to reject a flood-insurance bill amendment that would phase out the program as of January.
The series of thunderstorms that flooded a number of metro-area homes last week has given homeowners a double shock as they handle the damage and discover their insurance may not cover it.
A federal appeals court has agreed that Continental Insurance Co. did not have a duty to defend asbestos injury claims against the automotive supplier Federal-Mogul Corp. as its umbrella carrier because the primary coverage provided by three other insurers had not been exhausted.
The international insurance market remains well-capitalized and “generally competitive” despite a run of natural disasters in the second quarter of the year, Marsh Inc. said in an analysis released Monday.
Moody’s says a recent outline put forth by the International Association of Insurance Supervisors regarding a regulatory framework to monitor international insurers’ group-wide activities is credit positive.
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