Capitol to Courthouse Headliners: Tuesday, November 2

Nov 2, 2010


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News Release:  Homeowners Choice Receives Florida Regulatory Authorization to Assume up to 10,000 Citizens Policies in December

Homeowners Choice, Inc., a Florida-based insurance holding company, today announced that its wholly owned insurance subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc., has been authorized by the Florida Office of Insurance Regulation to assume 10,000 homeowners’ policies from Citizens Property Insurance Corporation, Florida’s state-run insurance company


State, insurers float idea of sinkhole-insurance program

Does Florida need a fourth state-run insurance program, this one to cover sinkholes?


Hiscox:  Florida Agrees Collateral Requirement Cut To 20% of Loss Reserves

Hiscox Insurance Company (Bermuda) Ltd., a subsidiary of the international specialist insurer Hiscox Ltd, said Tuesday the Florida Office of Insurance Regulation has agreed to a reduction in its collateral requirements to 20% of loss reserves, from 100% as previously required.


Florida to drop 350 patients in HIV/AIDS drug program

Another 2,000 at risk of being bumped because of budget woes

The Florida Department of Health plans to drop about 350 uninsured HIV/AIDS patients from a federally funded program that pays for all or most of their drugs, because of a budget crisis.


Marco Rubio elected to U.S. Senate

Floridians overwhelmingly elected Marco Rubio, the 39-year-old son of a bartender and Kmart stock clerk, to the U.S. Senate on Tuesday, capping a tumultuous election and historic downfall of Gov. Charlie Crist.


Alex Sink and Rick Scott locked in tight race

Republican Rick Scott and Democrat Alex Sink were poised to make history late Tuesday in one of the closest, costliest and most politically significant gubernatorial slugfests in the country, with Scott jumping out to a narrow early lead.


65,830 foreclosure cases in Florida cleared in three months

Florida’s courts cleared 65,830 foreclosure cases in a three-month period beginning July 1, with 71 percent being decided in quickie hearings before the judge sometimes called “rocket dockets.”


Unexplained glitch delays state retirees’ monthly pay

The check is in the mail for thousands of Florida retirees who don’t use direct deposit.


BankAtlantic’s Levan defends public disclosures

BankAtlantic Bancorp Chairman and CEO Alan Levan took the stand Monday, telling a Miami federal court jury that all of his company’s public disclosures were accurate and calling some of the plaintiffs’ arguments “silly.”


Connecticut Commissioner Resigns Amid Pressure Over Health Care Rate Hikes

Connecticut Insurance Commissioner Thomas Sullivan resigned under pressure Monday from state and federal regulators and consumer groups.


Guy Carpenter News Release:  GC Securities, a Division of MMC Securities Corp., Announces Completion of 144A Catastrophe Bond – Calypso Capital Limited

Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist, and GC Securities, today announced the completion of EUR275 million Class A Principal At-Risk Variable Rate Notes due January 10, 2014 (“Series 2010-1 Notes”) from a newly created 144A catastrophe bond program, Calypso Capital Limited.


You’re invited to attend our complimentary post-election Webinar on November 3, 2010 at 11 a.m. (EDT) entitled “How the 2010 Vote Could Shape Insurance Law in Florida and Beyond.”  To register, click here or download the attached invitation (which contains embedded registration hyperlinks).



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