Capitol to Courthouse Florida Insurance Report: Tuesday, September 18

Sep 18, 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 Cabinet meeting.  To view the complete agenda, click here.

  • Florida Office of Financial Regulation (“OFR”)
    • For final adoption
      • Proposed amendments to Rule 69V-160.025, entitled “Property Insurance on Loans,” would delete subsection 11, because the OFR lacks statutory authority to require licensees under the act to display the rules governing insurance on household goods and appliances.  To view the hearing notice, click here.
  • State Board of Administration/Florida Hurricane Catastrophe Fund (“FHCF”)
    • Obtain approval to file Rule 19-8.010 pertaining to the FHCF Reimbursement Contract for Notice of Proposed Rulemaking and for adoption if no member of the public requests a hearing in a timely manner; or, if a hearing is requested, no changes need to be made.
    • Address and take action on the need for FHCF liquidity, and to request that the FHCF Finance Corporation engage in financial transactions to provide sufficient funds to achieve the purposes of Section 215.555, F.S.
      • NOTE:  A meeting of the FHCF Finance Corporation Board of Directors is scheduled upon conclusion of the Cabinet meeting.  To view the meeting notice, click here.



Daily Insurance-Related News


Q&A with: Citizens Property Insurance CEO Barry Gilway

Barry Gilway, a former insurance company executive from Maryland, talks about the switch to a public company, the need for higher rates and the need to communicate that to the public.


Kingsway restructuring, poised to make Florida specialty acquisition

Kingsway Financial Services Inc. today announced that it is restructuring its Insurance Services and Insurance Underwriting segments.


Blog:  Zacks Rates Homeowners Choice A #1 Strong Buy

Rising earnings estimates on the back of strong second-quarter results, including a 23.3% earnings surprise, helped Homeowners Choice, Inc. achieve a Zacks #1 Rank on September 11.


Sinkhole swallows tractor in Florida road  

A tractor was literally swallowed by a sinkhole in Titusville on Monday.


Live Oak Flood Victims Still Reeling Two Months After Tropical Storm Debby

When fish are swimming in your front yard, that is not a good thing.


Florida Climate Institute expanding to 4 more schools

The Florida Climate Institute is expanding.


Florida man sues Dollar Rent a Car, says company charged him for services he declined

A doctor suing Dollar Rent a Car says he and other consumers have been charged for services they specifically declined.


Florida pension chief suggests expensive changes

Florida’s pension chief says that the state may need to increase the amount of money it puts into the state’s massive retirement fund – and ratchet down expectations on how much it expects to make off investments in the coming year.


Judge rejects Bernard’s challenge in close Senate race

A state representative who lost a Democratic primary election for the Florida Senate District 27 seat by 17 votes will appeal a judge’s rejection of his challenge, the candidates’ lawyer said Monday.


Redistricting favored Manatee County “insider” Bill Galvano, lawsuit says

Florida legislators designed a redistricting plan to favor “insiders” — among them, former Republican state Reresentative Bill Galvano — and to provide a backdoor way for another to win the state Senate presidency, a lawsuit alleges.


Roseanne Barr makes Florida presidential ballot

When they go to vote for president on Election Day, Florida voters are likely to find something funny about their ballots.


Florida Governor Rick Scott working on re-election in 2014

The 2014 governor’s race is already attracting attention.


11 counties with military installations receive grants

Governor Rick Scott says $850,000 in grants will be awarded to 11 Florida communities with military installations.


Former water district director points upstream for cause of Apalachicola Bay’s seafood woes

Governor Rick Scott this month asked federal officials to declare a fishery disaster in Apalachicola Bay because of declining oyster populations that put 2,500 seafood worker jobs at risk.


California Governor Jerry Brown to sign California workers’ compensation fixes 

Govenor Jerry Brown is expected to authorize extensive changes to California’s $16.2 billion workers’ compensation insurance system during bill-signing ceremonies Tuesday with business and labor leaders.


Louisiana Citizens Property Insurance Pays $61 Million to Settle Katrina, Rita Claims

Louisiana’s insurance company of last resort agreed on September 13 to settle two remaining class-action lawsuits tied to claims handled after Hurricanes Katrina and Rita.


Louisiana Citizens Property Insurance: More than 13,000 Claims from Isaac so Far

Louisiana’s property insurer of last resort says Hurricane Isaac has resulted in over 13,000 claims and they expect more to come.


Older Drivers Face Confusing Array of License Laws

Jerry Wiseman notices it’s harder to turn and check his car’s blind spots at age 69 than it was at 50.



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