Capitol to Courthouse Florida Insurance Report: Wednesday, August 1
Aug 1, 2012
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10:30 a.m.–Florida Division of Insurance Agent and Agency Services Rule Development Workshop. Proposed amendments to Rule 69B-221.051 would address licensee compliance in the filing of Temporary Bail Bond Agent Employment Reports and include the addition and clarification of defined terms and revisions made to related forms. To view the hearing notice, click here.
The American Association of Public Insurance Adjusters believes it is important to respond to [a recent story in which] the Florida Office of Insurance Regulation is quoted as stating the Florida Supreme Court’s decision in Atwater v. Kotrum is not favorable for policyholders and “will have an adverse impact and consequences for Florida’s homeowners,” adding that the 48-hour ban on public adjuster contact with claimants was “enacted to protect homeowners from additional cost drivers to their insurance rates” and that “ultimately, all Florida consumers pay the price in increased premiums when claims are inflated for some policyholders.”
Hedge fund heavyweight David Einhorn’s reinsurance business, Greenlight Capital Re Ltd, on Tuesday warned that other insurers were making “irrational” deals in Florida in the face of heavy competition.
Albert Einstein once said “a new type of thinking is essential if mankind is to survive and move toward higher levels.” Or, as it often paraphrased, we cannot solve our problems with the same thinking we used when we created them.
In a resignation letter to Governor Rick Scott and Board of Education Chairwoman Kathleen Shanahan, Gerard Robinson said his last day as education commissioner will be August 31.
The Palm Beach County Democratic Executive Committee on Tuesday unanimously picked onetime Florida House speaker Tom Gustafson to run against state Representative Bill Hager, R-Boca Raton, for a coastal House seat.
The Democratic primary for the Senate District 12 seat pits an incumbent lawmaker against a first-time candidate who is married to a term-limited senator.
Battling for an open seat in the Florida House representing parts of Hillsborough and Manatee counties, businessman Jake Raburn has the edge over his opponent for the Republican nomination and the Democrat in the race.
If you live on Pine Island, Captiva, Sanibel, Iona-McGregor, Fort Myers Beach, San Carlos Park, Estero or Bonita Springs, you may have had Michael Grant, Ray Rodrigues or Chauncey Solinger show up at your doorstep.
Agriculture Commissioner Adam Putnam released the agenda for his second energy summit, the first since the legislators approved his modest energy package.
In addition to suspending the 10 percent surcharge rule on property insurance provided by Louisiana’s property insurer of last resort in certain coastal parishes, recently passed state legislation includes provisions for allowing electronic proof of vehicle insurance and a number of changes to DWI rules.
Two insurance industry trade groups are asking the Financial Stability Oversight Council to allow all nonbank financial companies a full hearing as part of the process for determining whether a company should be designated systemically significant.
After 39 years of gathering, collating and disseminating the facts and figures relevant to the global insurance industry the world’s leaders and shakers are finally paying attention to the findings and recommendations of the Geneva Association.
Being the best of the best is something every company wants to achieve.
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