Capitol to Courthouse Florida Insurance Report: Wednesday, September 21
Sep 21, 2011
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.
8:30 a.m.–Senate Committee on Banking and Insurance
- Professional staff presentations of the following Open Government Sunset Reviews:
- 2012-312: Section 324.242, F.S., Personal Identifying Information in Insurance Policy Personal Injury Protection and Property Damage Liability Insurance Policies
- 2012-313: Section 624.23, F.S., Consumer Complaints and Inquiries Received by the Department of Financial Services
- 2012-314: Section 717.117 (8), F.S., Unclaimed or Abandoned Property
- Presentation by Florida Commissioner of Financial Regulation Tom Grady
- Presentation by Dr. Jack Nicholson, Chief Operating Officer of the Florida Hurricane Catastrophe Fund
9:00 a.m.–Florida Commission on Hurricane Loss Projection Methodology meeting. Discussion of 2011 Standards and Procedures; consideration of the RiskLink 11.0.SP2 Model under the 2009 Standards. Teleconference: 888-808-6959; conference code: 4765251363. To view the meeting notice, click here.
Governor Rick Scott has appointed John W. Rollins and J. John Wortman to the board of governors at Citizens Property Insurance Corp. With these appointments, the board has its full complement of eight members.
State Insurance Commissioner Kevin McCarty, while calling Citizens Property Insurance’s request “unpersuasive,” held back on criticism of the state home insurer.
Florida Insurance Commissioner Kevin McCarty has brought some pragmatism to the firestorm over rate increases for sinkhole coverage provided by Citizens Property Insurance Corporation.
Fresh off the Medicaid rewrite, Senator Joe Negron is asked to take the lead in the Senate for PIP.
A fourth lawsuit has been filed in connection with a reported cancer cluster in Palm Beach County, claiming actions by Pratt & Whitney and Palm Beach Aggregates caused a young man to develop a brain tumor that killed him in 2009.
Former state Representative Audrey Gibson appeared set to return to the Legislature after unofficial returns showed her easily beating three others in a decisive primary for an open northeast Florida Senate seat.
Florida’s pension fund fell to $116.9 billion after a dismal August stretch, a drop of about $12 billion from the second quarter ending June 30.
The push is on in Florida to cut the courts out of the foreclosure process.
Governor Rick Scott has yet to formally roll out his 2012 legislative agenda, but documents from his office show that the first-term governor is looking at bills to abolish personal injury projection insurance, reform immigration laws, spend a dedicated amount of money in the classroom – and maybe give raises to state employees.
To win a primary election one year ago, Governor Rick Scott filled the mailboxes of Republican voters with embarrassing details about alleged money laundering and theft at the state party.
Senate President Mike Haridopolos told reporters that the Senate would not only bring up the immigration bill it passed out of its chamber last session 23-16, but it will pass it again.
Construction could begin as early as next year on the first of two Raymond James Financial towers, executives said Tuesday after the Pasco County Commission approved a $10 million incentive package for the firm’s new Wesley Chapel campus.
Motion picture and publishing titan Time Warner plans to create 500 jobs in Hillsborough County over the next five years, at a facility that will provide human resource, payroll and technology support to the rest of the company.
With State Farm Lloyds, the largest homeowners writer in Texas, filing to eliminate flat dollar-fee deductibles in the Lone Star state, other homeowners insurers could find that move makes sense for their businesses as well, the president of the Insurance Information Institute said in this week’s BestWeek U.S./Canada.
Reinsurance broker Guy Carpenter & Co. has promoted several executives as part of a plan to streamline its management structure, said Alex Moczarski, president and chief executive officer of Guy Carpenter.
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