Capitol to Courthouse Florida Insurance Report: Tuesday, July 24

Jul 24, 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


2:00 p.m.–U.S. House of Representatives House Financial Services Insurance, Housing and Community Opportunity Subcommittee Hearing:  “The Impact of Dodd-Frank’s Insurance Regulations on Consumers, Job Creators, and the Economy.”  To view the hearing notice, click here.



    Daily Insurance-Related News


    United Insurance adopts poison pill as activist grows holdings          

    An activist investor boosted his stake in United Insurance Holdings Corp. just before the company acted to fend off potential unfriendly takeovers.


    State economists:  Florida’s jobs picture to remain bleak  

    Florida’s unemployment rate probably won’t change much between now and the end of the year, and the jobs picture is set to remain bleak through 2016, a team of state economists said Monday.


    Florida breaks top 10 in venture capital deals in 2nd quarter

    Florida vaulted higher in the venture-capital rankings of U.S. states during the second quarter, as nearly a dozen companies received a combined $95 million from wealthy investment firms – a 163 percent increase from the previous quarter, according to a new survey.


    Senate Districts 7 and 18:  Republicans Rob Bradley and Wilton Simpson Have Edge for Open Seats

    As incumbents bow out of office, two Republican candidates appear poised to win open state Senate seats in the northern half of the Sunshine State come November.


    Senate District 26:  Bill Galvano Looks to Return to Tallahassee

    After an open seat in Florida Senate, former state Representative Bill Galvano looks to be smooth-sailing his way to a Tallahassee return in November.


    Political committees’ spending dwarfs traditional sources

    The biggest spenders so far in the 2012 campaign for the Florida Legislature are committees set up by politicians and others wanting to influence the outcome of the elections.


    Primary Profile:  Familiar names lead Northwest Dade House race

    After money and incumbency, name identity is probably the most important advantage a legislative candidate can have.


    Blog:  Kirk Pepper leaving House, Cannon for Speaker-designate Chris Dorworth 

    Kirk Pepper, a top Florida House aide and political adviser to House Speaker Dean Cannon, is leaving that post to work as special adviser to Speaker designate Chris Dorworth (scheduled to take leadership of the House in two years).


    Lynx bus driver on road to Tallahassee as lawmaker

    The sun wasn’t even close to rising when Victor Torres pulled his Lynx bus onto the road, starting a route on which he would pick up at least 70 people and drop them off at hotels and Downtown Disney.


    Will Charlie Crist run for governor again? 

    Former Florida Governor Charlie Crist is speaking out against his successor, Rick Scott, fueling speculation that Crist may run for governor again in 2014.


    Foreign Tourism Slowdown Could Add to Florida’s Economic Woes

    The fragile economic footing of the European Union will continue to weigh heavily on Florida’s potential to generate revenue — and so will the sluggish state of new home sales and construction.


    Planning group files Florida Supreme Court brief warning against discouraging public participation

    The 1st District Court of Appeal in 2010 awarded attorneys fees to Martin County and a developer on a challenge by 1000 Friends of Florida and the Martin County Conservation Alliance.


    Top state lawmakers:  Be ready for more gambling talk next year

    With Florida emerging as one of the largest gambling states in the nation, legislative leaders are prepared to put gaming regulation center stage in the next two years and renegotiate the revenue-sharing compact with the Seminole Tribe at least a year early.


    Louisiana insurance company pays $104 million over Hurricane Katrina claims 

    Louisiana’s property insurer of last resort has paid a $104 million judgment that will benefit more than 18,500 policyholders who sued over slow adjustment of claims after hurricanes Katrina and Rita struck in 2005.


    State Farm:  Former Penn State Assistant Football Coach Sandusky’s Homeowners Policy Doesn’t Cover His Legal Bills

    State Farm has filed a lawsuit in Pennsylvania last Thursday against former Penn State assistant football coach Jerry Sandusky.



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