Capitol to Courthouse Florida Insurance Report: Tuesday, July 3

Jul 3, 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


9:00 a.m.– Florida Office of Insurance Regulation Public Rate Hearing.  Praetorian Insurance Company has requested an average statewide rate change of -2.2 percent for its property collateral protection program, which is also known as “lender-placed insurance.”  The proposed rate would be effective September 1, 2012 for new and renewal business.  The requested rate change is not uniform and some areas would be subject to higher rates.  To view the hearing notice, click here.  To view the agenda, click here.



    Daily Insurance-Related News


    Suwannee residents:  “The whole county is sinking” 

    As sinkholes plague a town, residents say it is cracking under the pressure.


    Sinkhole Condemns Live Oak Businesses 

    Residents in Live Oak, Florida are steadily recovering after the flood, but some downtown businesses are now being condemned because of sinkholes.


    Editorial:  Coastal homeowners face a rising threat

    If you’ve always yearned to own waterfront property and have enough time on your hands, thanks to global warming and rising sea levels Pinellas County may one day offer the real estate investment of your dreams.


    Florida could lose billions of dollars by rejecting healthcare reform act, study says

    Two studies from Washington healthcare researchers project that Governor Rick Scott’s decision not to expand Medicaid as provided by the healthcare reform law could mean Florida losing billions of dollars in federal funding – money that could have been used to bring health insurance to hundreds of thousands of uninsured Floridians.


        Blog:  Florida to receive $56 million in GlaxoSmithKline Medicaid fraud settlement

        In what is being called the largest healthcare fraud settlement in the nation’s history, pharmaceutical company GlaxoSmithKline has agreed to pay $3 billion for its transgressions. Florida’s share is $56.7 million.


        Judge blocks ban on doctors’ gun discussions with patients

        A federal judge has blocked Florida from enforcing a new law pushed by firearm advocates that banned thousands of doctors from discussing gun ownership with their patients.


        Florida election law draws new legal challenge  

        A Florida election law passed by the Republican-led Legislature is drawing yet another legal challenge.


        Agencies get nearly $3 million for helping Internal Revenue Service with money-laundering inquiry

        Two black Chevrolet Camaros shimmered in the sun, polished and new, ready to be used by the Broward Sheriff’s Office to crack down on aggressive driving.


        Judge dismisses suit to keep President Obama off Florida ballot

        A judge is throwing out a lawsuit that sought to keep President Barack Obama off Florida’s ballot.


        Florida gets $9 million bonus over food stamp program

        Florida is getting a $9.1 million bonus from the federal government over how the state is running its food stamp program.


        Flood Insurance Extension, Reforms Signed Into Law

        On Friday, Congress combined funding for transportation programs, student loans and flood insurance.


        Washington Post:  Solvency II Needs to Reflect European Bond Risks, Pacific Investment Management Company Says 

        New rules for insurers in Europe need to better reflect risks of holding European government bonds, according to Pacific Investment Management Co., which manages the world’s largest bond fund.


        Louisiana Citizens Property Insurance Board Agrees to Retroactive 10 percent Rate Cut

        The board governing Louisiana’s property insurer of last resort has agreed to drop rates by 10 percent across a dozen south Louisiana parishes retroactive to June 7, when the reduction was signed into law.


        Maryland Insurance Regulator Offers Claims Tips, Says Hiring Public Adjuster May Help

        Following this past weekend’s storms, Maryland Insurance Commissioner Therese Goldsmith is advising homeowners to take steps to protect themselves financially.


        State Farm’s Ziemann Elected Insurance Accounting and Systems Association President

        The Insurance Accounting & Systems Association Inc. has elected Louise Ziemann of State Farm to serve as president of the association for the 2012 – 2013 fiscal year.




        Click here to follow Colodny Fass on Twitter (@CFTLAWcom)



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