Capitol to Courthouse Headliners: Thursday, August 27

Aug 27, 2009


To view a complete story, click on a headline below:


Two Florida Insurers Put In Liquidation

Two Florida commercial and personal lines insurers with 18,000 policyholders have been ordered into liquidation, it was announced.


Blog:  Another House member wants answers from McCarty  

So House Speaker Larry Cretul announced earlier this week he was taking Rep. Scott Plakon off the chamber’s insurance committee.


NEWS SERVICE OF FLORIDA:  Insurers push return of de-reg bill, eye special session opportunity

Insurers are eagerly eyeing the possibility that a new Seminole gaming compact could require a special session because it would give them the opportunity to again pass legislation to allow for property insurance rate increases without state regulatory approval.


Florida’s Tower Hill Insurance Downgraded by A.M. Best

A.M. Best Co. has downgraded the financial strength ratings (FSR) to D (Poor) from B (Fair) and issuer credit ratings (ICR) to “c” from “bb” of Tower Hill Preferred Insurance Co., Tower Hill Prime Insurance Co. and Omega Insurance Co. — companies known collectively as Tower Hill.


Florida Health insurers ordered to stop sales

Florida’s insurance commissioner on Wednesday issued a final cease and desist order to three companies found to be engaged in the unauthorized sale of insurance products.


Report: Complaints against 49 Fla. doctors dropped

Professional discipline complaints against 49 Florida doctors have been dropped because the state didn’t meet the statute of limitations.


CFO Sink announces arrests of four for staged auto accident in Miami

the arrests of four individuals in Miami who allegedly staged a motor vehicle accident and filed approximately $60,000 in fraudulent claims for false injuries.  


CFO Sink announces arrest of lawyer for stealing nearly $500,000 in insurance settlements 

Florida CFO Alex Sink today announced the arrest of a West Palm Beach lawyer who allegedly pocketed nearly $500,000 of his clients’ insurance claims settlements. The arrest is the result of an investigation by the CFO Sink’s Division of Insurance Fraud with assistance from the Florida Bar Association.


Fired “Front Porch” liason found guilty after being investigated by CFO Sink’s Office of Fiscal Integrity

Florida CFO Alex Sink today commended the work of her department’s Office of Fiscal Integrity for their role in a joint investigation that led to the conviction of Thelma Manley, former community liaison for Front Porch Pensacola, on four counts of grand theft and one count of racketeering. 


McKeel Moving Up The House Ladder

Rep. Seth McKeel, R-Lakeland, has been promoted to deputy majority leader in the Florida House by Speaker Larry Cretul, who made recent leadership changes in the lower chamber of the Florida Legislature.


House Speaker Places RN In Charge of House Health Spending

A registered nurse who cares for indigent and uninsured patients was suddenly thrust this week into one of the top positions in the Florida House when it comes to health care spending. 


Racially charged mailer overshadows special Senate election

Florida GOP chief threatens legal action against stealthy 527 group

Florida Republican Chairman Jim Greer is blasting a racially-tinged mailer in a special state Senate election that warns that Black Panthers and “armed thugs” might try to intimidate voters.


Florida-U.S. Sugar deal OK’d with limits

Water managers won crucial judicial approval Wednesday to borrow up to $650 million for the first phase of Gov. Charlie Crist’s land deal with U.S. Sugar.


Fla. energy panel rejects environmentalists’ plan

The Florida Energy and Climate Commission has sided with the state’s major power companies in a dispute over setting their conservation and efficiency goals.


Fla. appeal court rejects Save Our Homes challenge

Three out-of-state residents who own second homes in Florida lost another round Wednesday in their challenge to property tax breaks that primary homeowners get under the state constitution.


Industries spent $108.7 million to lobby Florida lawmakers

Phone giants, utilities, tobacco companies and a sugar giant led the charge among industries that spent about $108.7 million on Florida lobbyists this spring.


Fix elusive for Florida jobless fund

It’s like sipping through a straw to put out a raging fire.


Deal seems closer in Seminole gambling negotiations

(Herald/Times) The Seminole Tribe of Florida is inching closer to completing a gambling deal with the state that would allow it to keep the slot machines and card games at its Hard Rock casinos in return for $150 million in annual payments to the state.


Florida: Stimulus cash will flow soon

Like an unwieldy “cash for clunkers” car lumbering down the highway, Florida has been slow in spending federal stimulus money on roads and bridges.


N.C. Consumer Victory: Gov. Perdue Signs Law to Prepare State for Hurricanes

On August 26, North Carolina Gov. Bev Perdue signed into law House Bill 1305, legislation that will protect homeowners and business owners across the state by reforming the Beach Plan and strengthening the state’s property insurance market.  


North Carolina Governor Signs Beach Plan Insurance Reform Bill Into Law

North Carolina Governor Bev Perdue has signed into law legislation to shore-up the state’s backup coastal insurer and reduce the liability of private insurers should a major catastrophe strike the state.


A.M. Best Withdraws Its Public Data Ratings on U.S. Health Insurers

A.M. Best Co. has withdrawn its public data (pd) rating assignments and assigned a category NR-5 (Not Formally Followed) to the financial strength ratings (FSR) and an ‘nr’ to the issuer credit ratings (ICR) on U.S. health insurers including health maintenance organizations (HMO) and Blue Cross and Blue Shield (BCBS) plans since it is becoming more difficult to develop ratings based solely on public data.


Agencies seek input on changes to bank reserves

Financial regulators requested input Wednesday on changes to accounting rules that could require many banks to increase their capital reserves.


Professional Insurance Agents Insurance Foundation Paper Evaluates Current State of Insurance Regulation and Its Future

The current state of the financial services industries and the role of the federal government in regulating these industries, including the insurance sector, continues to be a matter of debate in Congress.

To view the paper, click Future of the Business Disciplines, Regulation and Oversight of the U.S. Insurance Marketplace.”


 To unubscribe from this newsletter, please send an e-mail to