Capitol to Courthouse Florida Insurance Report: Wednesday, October 31

Oct 31, 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


9:30 a.m.–Florida Division of Workers’ Compensation Proposed Rule Hearing; Proposed amendment to Rule 69L-5.216, entitled “Provision of Benefits and Safe Working Environment by Self-Insurers,” would clarify when Form SI-19 (Certification of Servicing for Self-Insurers) is due to the DWC or Florida Self-Insurers Guaranty Association for current and former self-insurers who contract with Qualified Servicing Entities for at least one year.  To view the hearing notice, click here.



    Daily Insurance-Related News


    Florida consumer advocate calls for probe of insurers who deny claims based on credit history

    The state’s insurance consumer advocate Tuesday called for an investigation into what she called “a troubling new trend” – insurers taking premiums for years but denying claims based on customer credit history.


    Florida Governor Rick Scott:  Florida is Prepared to Respond to States Impacted by Hurricane Sandy

    In response to Hurricane Sandy’s impact on the nation’s east coast, Governor Scott has contacted the Governors of Connecticut, Delaware, Maryland, Massachusetts, New Jersey, New York, Pennsylvania and Rhode Island to offer Florida’s assistance in their recovery efforts.


    Florida Insurance Commissioner Offers Aid to Hurricane Sandy Impacted States

    Florida Insurance Commissioner Kevin McCarty released the following statement regarding Hurricane Sandy.


    Blog:  Will Florida insurance rates go up because of Hurricane Sandy?

    The insurance industry is insisting that rates in Florida won’t go up because of the billions in damage that Hurricane Sandy has caused up north.


    Military task force report identifies challenges, strategies to keeping military bases

    A state task force report issued Tuesday by the governor’s office provides strategies for expanding military operations in Florida while also identifying challenges to keeping bases, such as encroachment by development, the risk of oil drilling in the Gulf of Mexico and needs for new buildings or repairs. 


    Hurricane Sandy Unlikely to Trigger Payouts from Catastrophe Bonds

    Investors who have put their money into specialist financial bonds which cover insurance companies from huge natural disasters are unlikely to be hit with big losses from monster storm Sandy even though it is one of the biggest ever to hit the United States.


    Texas Lawmaker:  Windpool’s Ike Litigation Costs Still Rising

    Texas’ insurer of last resort for coastal property has paid out more than $1.2 billion in individual litigation costs related to Hurricane Ike, which struck in 2008, one state lawmaker says.


    Virginia to oversee public insurance adjusters soon

    Virginia regulators will soon license public adjusters to help deal with insurance companies.



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