Capitol to Courthouse Florida Insurance Report: Tuesday, November 6

Nov 6, 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

12:30 p.m.–Florida Insurance Guaranty Association (“FIGA”) Finance and Audit Committee meeting; Tampa, Florida.  To view the meeting notice, click here.

2:00 p.m.–FIGA Board of Directors meeting;  Tampa, Florida.  To view the meeting notice, click here.



Daily Insurance-Related News

Tens of thousands of Citizens Property Insurance policyholders in Florida face opt-out deadline

As millions of Floridians head to the polls on Tuesday, about 175,000 homeowners will face another stark choice: Stay with Citizens Property Insurance Corp., or allow a smaller private company to take over their policy.


Florida Association of Insurance Agents:  Superstorm shows a national catastrophe fund is overdue

Hurricane Sandy certainly earned the superstorm moniker.


Feds:  Florida money-laundering network moved Medicare millions to Cuba

A South Florida money-laundering network secretly transferred more than $30 million in illegal Medicare profits through a remittance firm with shell companies in not only Canada and Trinidad, but also in Mexico, according to court records filed Monday.


Florida Trend:  Florida losing Medicaid fraud fight

In September 2011, eight months into her job as Florida attorney general, Pam Bondi made her first visit to the Miami office of her agency’s Medicaid Fraud Control Unit.


Florida:  The big political prize

So far, more than 4.5 million Floridians have already voted, sometimes after waiting in hours-long lines.


Progress Energy Florida’s disabled nuclear reactor focus of rate hearing

Lawyers for industrial consumers on Monday questioned Progress Energy Florida’s approach to calculating how much insurance money the utility can expect in 2013 to help pay for power to replace output from a crippled nuclear reactor.


THE NEWS SERVICE OF FLORIDA:  Denise Grimsley, Aaron Bean, Ellyn Bogdanoff Rake in Most Money

House Appropriations Chairwoman Denise Grimsley’s campaign for a Senate seat this year has received relatively little attention.


BusinessWeek:  Did Florida-based company avoid paying overtime? A dozen Minnesota cleaners say yes

Maria Cruz’s work schedule for cleaning large retail stores was easy to understand — seven days a week, eight hours per day.


Florida tomato farmers in fierce battle to stay profitable

Jamie Williams leans over, snatches a hard, green tomato off a staked vine and slices through the middle in a swift, rote motion he’s repeated hundreds of times through the years.


Florida immigrant tuition ruling may be appealed

The state is considering whether to appeal a judge’s decision against a law that requires Florida-resident U.S. citizens to pay out-of-state tuition if they depend on parents who are illegal immigrants.


State Elections to Decide Insurance Commissoner, Ballot Initiatives

For the insurance industry, there is more at stake in the November 6 election than who goes to or stays in the White House and Congress.


More Industry Representatives Express Concerns to States About Hurricane Deductibles

Insurance companies and their trade groups are continuing to talk to state regulators about the decision of several jurisdictions to tell insurers they cannot impose hurricane deductibles for losses suffered from Superstorm Sandy.


Detroit drivers may have purchased fake auto insurance, state warns

The Michigan Office of Financial and Insurance Regulation today warned Detroit-area drivers they may have unknowingly purchased fraudulent automobile insurance policies from unlicensed insurance agent Shaker Uddin Sadeak, though an unlicensed insurance agency named Al Baraka Enterprise in Southfield.


Vacation homes hit by Sandy don’t qualify for FEMA grants 

Although federal disaster-relief officials have paid out about $200 million to residents displaced by Hurricane Sandy, many storm victims are getting the unwelcome news that they don’t qualify for federal money.


Medicare Targets Health Plans With Low Ratings  

Medicare officials are encouraging 525,000 beneficiaries to switch out of these 26 Medicare Advantage and drug plans that have received low ratings for three consecutive years and enroll in better plans for next year.



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