Capitol to Courthouse Florida Insurance Report: Tuesday, March 5

Mar 5, 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.



Daily Florida Insurance-Related Events


8:00 a.m.–Citizens Property Insurance Corporation Actuarial and Underwriting Committee meeting; 8:00 a.m.  Teleconference:  (866) 361-7525; conference ID:  8632017402#.  To view the meeting notice, click here.



Daily Florida Insurance-Related News


USA Today:  Another suspected sinkhole opens up in a Florida neighborhood

This apparent sinkhole is about two miles from where one opened up on Thursday, killing a man whose bedroom was above it

Another sinkhole appears to have opened up in a Seffner, Fla., neighborhood, the second time in less than a week.


Bankers Insurance agrees to acquire AIX Florida policies

Bankers Insurance Group, a unit of Bankers Financial, has signed an agreement to acquire AIX Group’s renewal rights and servicing of in-force Florida Select business (AIX Florida), effective from 01 March.


Citizens President Barry Gilway Speaks Candidly

In recent years, much of the news about Citizens Property Insurance Corp. has not been good and that bothers company President and CEO Barry Gilway.


Florida Property and Casualty Association:  Misconceptions Regarding Citizens vs. Florida-based Insurers

There are several misconceptions regarding Citizens Property Insurance when compared to the Florida-based homeowners insurance companies.


Citizens Insurance reforms won’t be easy – or cheap

Raymond Tosti looked at his property insurance notice and started to shake. The 66-year-old Ormond-by-the-Sea resident lives on disability benefits with his wife, who recently lost her job. What he saw in the notice from the state-run Citizens Property Insurance Corp. was a premium that had almost doubled.


Brown & Brown still eyeing Florida

Growing and expanding revenues are still top goals of Brown & Brown Inc. insurance, president and CEO, J. Powell Brown, told a gathering Monday at the Raymond James 34th Institutional Investors Conference in Orlando.


Ouch! South Florida next to last in car affordability — with insurance included

South Floridians may love their cars and spend a lot of time in them – but they can barely afford to buy a new one.


Florida House committee votes no on Medicaid expansion

In a party line vote a key House committee sets up a potential conflict with Gov. Scott on extending Medicaid coverage to a million Floridians.


Imperial shareholders promise $45 million loan

Faced with a potential cash liquidity shortfall in the second quarter, Imperial Holdings received a commitment for $45 million in bridge financing from its largest shareholders.


Capitol comes alive as session starts

Legislators rolled into the capital city, last-minute fundraisers dotted downtown and some legislative work was done in advance of the 2013 session. Gov. Rick Scott is set to deliver his State of the State speech on Tuesday.


Representative Crisafulli tapped by House GOP caucus as Speaker-designate

Republican House members voted Monday to elect Rep. Steve Crisafulli, R-Merritt Island, as House Speaker-designate for 2014-2016.

Jobs agency updates economic incentives portal as lawmakers push for accountability

The Department of Economic Opportunity completed their online list of taxpayer incentive deals Monday, but lawmakers’ quest for accountability isn’t over.


The Florida Current’s 2013 Session Outlook:  Budget & Taxes

The $74 billion-plus spending plan has the first revenue increase projected since 2008. Big spending issues loom with education spending, business tax breaks and raises for teachers and bonuses for state workers.

Texas Bills Would Sever Remaining State Controls over Texas Mutual Insurance Company

The Texas Legislature introduced bills last week that would sever the last controls the state has over Texas Mutual Insurance Co.-its largest workers’-compensation insurer-while authorizing the state to set up an assigned-risk plan.



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


To unsubscribe from this newsletter, please send an e-mail to Brooke Ellis at