Capitol to Courthouse Florida Insurance Report: Wednesday, May 9

May 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


10:00 a.m.–U.S. Senate Banking, Housing and Urban Affairs Subcommittee on Economic Policy Hearing:  “The National Flood Insurance Program:  The Need for Long-Term Reauthorization and Reform.”  To view the hearing notice, click here.



    Daily Insurance-Related News


    Moody’s assigns A2 and MIG 1 ratings to Florida Citizens Property Insurance Corporation

    ‎Moody’s assigns A2 and MIG 1 ratings to Florida Citizens Property Insurance Corporation combined total of up to $1.5 billion senior secured bonds and notes.


    Property insurers ready to compete for new customers‎

    If Florida’s property insurer of last resort takes action to raise rates for new customers, other carriers say they’re ready to compete for those policies – at the right price.


    Florida Cabinet in Keys:  Gimme shelter plan

    Three weeks before the official start of hurricane season, the Florida Cabinet approved the state’s two-year plan for emergency shelters Tuesday.


    Florida issues rule to fix error in new car insurance law

    A state agency issued a memo Tuesday aimed at fixing a flaw in Florida’s new auto insurance law, which Governor Rick Scott has hailed as one of the top accomplishments of the 2012 Florida Legislature.


    Florida Department of Health unveils web site for new septic tanks law as Hernando votes to opt out.

    The Florida Department of Health on Tuesday unveiled a website designed inform the public about recently passed septic tank legislation as Hernando County became the first county apparently to opt out of inspection requirements.


    Judge sides with Florida Department of Health in contract dispute

    An administrative law judge is siding with the Florida Department of Health’s decision to reject all bids for a contract to provide laboratory services to the state’s 67 county health departments.


    THE NEWS SERVICE OF FLORIDA:  Florida Medicaid officials seek changes to Medically Needy Program

    Florida Medicaid officials have asked the federal government to approve major changes in a program that serves tens of thousands of people with costly medical conditions, seeking to install a type of managed care and require monthly premium.


    University of Miami medical school to lay off up to 800

    Up to 800 people will lose their jobs under a major restructuring at the University of Miami medical school, President Donna Shalala said Tuesday.


    State probes possible voting by foreigners in Florida

    Thousands of foreign citizens – particularly in South Florida – might be registered to vote in Florida and could have unlawfully cast ballots in previous elections.


    Blog:  South Florida tops nation in distressed mortgages

    South Florida leads the nation in distressed home mortgages, signaling a lengthy recovery even if the housing market has hit bottom, as many experts say.


    Florida justices to decide whether to punish “robo-signing”

    A Greenacres homeowner has Florida bankers warning that “lending practices in Florida could come to a grinding halt” in a court case that could let homeowners turn the tables on lenders seeking to foreclose on their homes.


    L.A. Times:  Fractious Florida weighs heavily on presidential campaigns

    No state is more crucial to Mitt Romney’s chances of winning the White House than Florida, and no issue here is more important than the economy.


    Florida gets D in study of support for working parents

    Florida does such a poor job of supporting parents in the workforce that it earned a grade of “D” in a new report by the National Partnership for Women & Families.


    Survey of legislative staff shows that personal stories matters most, not sheer volume of messages

    Going to see legislators in person with a personal message about how a bill affects their home districts is still the best way of influencing what happens in Florida’s Capitol, according to an insider survey of House and Senate staff members.


    Allstate Slaps PIP Fraudsters With $6 Million Lawsuit

    On the heels of Florida’s passage of ‘milestone PIP reform’ comes news that no-fault fraud is alive and well farther north.


    Exorbitant Insurance Policies Tipping Homeowners Into Foreclosure

    ‎One of the more confounding aspects of the U.S. housing crisis has been the reluctance of lenders to do more to assist troubled borrowers.



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