Capitol to Courthouse Florida Insurance Report: Wednesday, August 29
Aug 29, 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.
9:00 a.m.–Florida Board of Employee Leasing Companies Board Meeting. Jacksonville, Florida. To view the meeting notice, click here.
As Tropical Storm Isaac moves westward away from Florida and toward Louisiana, Florida’s largest property insurer has lowered its estimate of the number of claims it thinks it might receive.
I wish there was a better translation than shameless for descarados, the perfect word to describe the Citizens Property Insurance executives who – while pleading poverty, raising rates, cutting coverage and booting Floridians off their insured roster – have treated themselves at our expense to lavish trips, luxury hotel stays, wine-infused meals and the ultimate $502 airport car service.
Allstate Insurance Company is suing a southwest Florida hospital that treats brain injured patients, alleging the hospital billed the insurance company for $7.6 million in unnecessary medical services.
What does South Dakota have over South Florida? Better drivers.
Workers’ compensation company Patriot National Insurance Group has named Bob Peters as chief operating officer. Peters will oversee the operations of Guarantee Insurance Co., a subsidiary.
Roads are flooded, the water supply’s ruined with saltwater, million-dollar homes are sopped.
Judge Kevin Carroll of the 2nd Judicial Circuit Court of Florida on Monday dismissed a motion by the Florida Nurses Association and the American Federation of State, County, and Municipal Employees to rehear their suit on plans by the state Department of Corrections to privatize prison health services.
Some scientists and the U. S. Department of Interior are casting doubt on the effectiveness of a proposed state plant that is intended to reduce mercury in fish while industry groups are raising red flags.
The head of Louisiana’s last-resort insurer says the claims generated by Hurricane Isaac will determine if it has enough funds to fulfill all of its obligations.
A new report on the Lloyd’s insurance market by Guy Carpenter & Co. finds that “Lloyd’s is looking to improve its global competitiveness despite mounting challenges including low investment returns, record catastrophe losses, subdued economic growth in developed markets and uncertainty over the future of the euro zone.”
Proposed workers’ compensation reform legislation introduced in the California state legislature is getting a thumbs down from insurance trade groups.
Maybe they should call them disloyalty programs.
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