Capitol to Courthouse Florida Insurance Report: Tuesday, October 9

Oct 9, 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.–Citizens Property Insurance Corporation Depopulation Committee meeting; Orlando, Florida.  Teleconference:  855-312-8651; participant code:  4458606638#.  To view the meeting notice, click here.

9:00 a.m.–Florida Cabinet

  •     State Board of Administration; to view the meeting notice, click here.
    • Consideration of the adoption of an Emergency Rule providing for optional date changes for certain new Florida Hurricane Catastrophe Fund participants

1:30 p.m.–Florida Hurricane Catastrophe Fund Advisory Council meeting;  Agenda includes discussion of October claims-paying capacity estimates.  Teleconference:  888-670-3525; conference code:  7135858151.  To view the meeting notice, click here.


Daily Insurance-Related News


THE NEWS SERVICE OF FLORIDA:  Citizens Property Insurance Chairman Calls For Another Look at Loan Plan

Citizens Property Insurance Corp.’s chairman on Monday called for an independent review of a $350 million loan program designed to coax private companies to take some of the state-backed insurer’s riskier policies.


Citizens Property Insurance Reduces Rates For Mobile Home Owners

State insurance regulators approved rate reductions of 1.2 percent for mobile homeowners insured by Citizens Property Insurance Corp.


BusinessWeek:  Florida insurance fund could be short of cash needs

A state-created fund that backs up private insurers in Florida could fall short of the money it needs to pay off hurricane insurance claims if a major storm were to pound the state.


Q&A with:  Tampa Lawyer Sean Shaw

The founder of the consumer advocacy group Policyholders of Florida talks about his criticisms of Citizens Property Insurance Corp., his disappointment after Alex Sink’s gubernatorial campaign defeat and what his father, a former state Supreme Court justice, would think of the current merit retention fight.


Opinion:  Stop press –Politician supports consumers

How unthinkable was this? Pigs were flying! Cows were jumping over the moon! The sun rose in the west! The Koch brothers voted for a Democrat!


Crater forms where Windermere sinkhole opened up   

A giant former sinkhole in Windermere has settled, but left a crater in the backyard of the home where it began.


Blog:  Republican powerhouses urge GOP to leave Supreme Court justices alone

Three Republican powerhouses – including a former lieutenant governor candidate and two former U.S. attorneys –  tried unsuccessfully over the weekend to get the Florida GOP to reverse course on its pledge to work to unseat three Florida Supreme Court justices.


Florida wants hard-to-see auto tags replaced

About one in six digital images of tags is declared unreadable at toll booths by the Florida Turnpike Enterprise.


Judge considers whether Senate President Mike Haridopolos, Senator John Thrasher should be part of Jim Greer civil case

A Tallahassee judge refused Monday to dismiss a civil lawsuit by former Republican Party of Florida Chairman Jim Greer against the party and two prominent state senators.


THE NEWS SERVICE OF FLORIDA:  Florida voter purge ruling to be appealed

A legal battle about whether Florida can purge possibly ineligible voters from the registration rolls is headed to the 11th U.S. Circuit Court of Appeals in Atlanta.


Florida Senator Gwen Margolis is outraised by surprise newcomer in Senate race

In what may be the sleeper legislative campaign of the season, Senator Gwen Margolis, the veteran Democrat from Miami, is getting a run for her money – literally – from Miami Beach lawyer John Couriel in the newly drawn coastal district.


State seeks competing bids for train between Orlando, South Florida

The state is seeking bids from any company that wants to compete with the Coral Gables operation planning a privately financed train from South Florida to Orlando International Airport.


Tampa Tribune sold to Revolution Capital Group

A Los Angeles-based private equity investment group has bought the Tampa Tribune from longtime parent Media General for $9.5 million, promising to improve the daily newspaper as it took control Monday morning.


Candidate Profile:  State House District 71–Jim Boyd

Seeking a second term in the Florida House of Representatives, Jim Boyd currently represents the newly drawn District 71, which covers most of the Manasota area, including Bradenton, Palmetto, and Sarasota.


Blog:  A 20-year-old bankruptcy in North Carolina’s insurance commissioner’s race

North Carolina insurance commission challenger Mike Causey declared bankruptcy about 20 years ago.



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