Capitol to Courthouse Headliners: Wednesday, August 12

Aug 12, 2009


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Taking On Citizens’ Policies Fuels Growth at Florida’s Homeowners Choice

Florida insurer Homeowners Choice, Inc. reported that its net premiums nearly doubled to $19.6 million and its profit rose seven percent to $3 million in the second quarter, thanks in great part to its taking on policies from the state-backed Citizens Property Insurance.



America’s Fastest-Growing Private Company? It’s in Insurance

When the big insurers exited the Florida market, a start-up saw an opportunity

Following the catastrophic 2004 and 2005 Florida hurricane seasons, established insurance carriers raised rates, reduced exposure, or started looking for an exit.



Crist, McCollum: Insurance figures encouraging

The bulk of new property insurance available to Floridians since 2007 has come from largely unregulated surplus lines.


Editorial:  Protect insurance discounts

Since Hurricane Charley sliced through the state five years ago this week, hundreds of thousands of Floridians have spent lots of money to fortify their homes.


Florida bank “watch list” expands

The number of institutions on the Florida Office of Financial Regulation watch list is increasing.


Insurance will not pay for Venice’s legal bills

A City Council facing staggering legal bills grilled Venice’s insurer for answers to why its policy did not cover hundreds of thousands of dollars in attorneys’ fees in an open government lawsuit.


Bill might facilitate suits over bad drywall

New legislation could make it easier for homeowners with defective Chinese drywall to take the manufacturer to court.


Hartford Financial Services Group to Refund $48 Million in Excess Workers’ Comp Profits to Florida Businesses

Florida Insurance Commissioner Kevin McCarty today announced the Office of Insurance Regulation (Office) and the Hartford Financial Services Group (Hartford) have entered into a consent agreement whereby Hartford will issue refunds or credits totaling $48.2 million to Florida businesses for excess profits it earned on its workers’ compensation policies for accident years 2004, 2005 and 2006.


Over $4,000 for a Florida doctor visit?

One Florida doctor charged $4,150 for an office visit that has a Medicare rate of $120. A Florida surgeon billed $14,400 for a common procedure that has a Medicare rate of $650. Tired of being cast as the villain on health costs, the insurance industry released a report showing how wild doctors’ charges can be. Here is a link to the report page that shows Florida charges.


Crist averts GOP heat, tables climate summit

Gov. Charlie Crist’s plans for a third high-profile climate summit have been indefinitely postponed as the Republican weighs the political cost of the event’s expensive price tag.


Ring, ring. The new conservative Charlie Crist is calling

With a calm shrug or a smile, Gov. Charlie Crist and his supporters havent seemed too rattled about all the buzz, blogs and straw polls that show conservatives seem more fed up with him and more fond of his Republican rival in the U.S. Senate, former Florida House Speaker Marco Rubio.


Crist vows ‘transparent’ process in selecting Martinez’s replacement

Gov. Charlie Crist ultimately wants Mel Martinez’s U.S. Senate seat, but for now he has to appoint what amounts to a placeholder for the seat, thanks to Martinez’s announcement last week that he’ll step down early.


Blog:  Cross Jeb Bush off the list for U.S. Senate

Just in case there any lingering speculation, Jeb Bush says he is not interested in a caretaker Senate seat.


Former Verizon executive will run for Kevin Ambler’s seat

Retired Verizon executive Irene Guy announced on her Facebook page that she plans to file today to run for the District 47 Florida House seat.


Ray Sansom case interview released

As the political saga involving ousted House Speaker Ray Sansom and a $6 million taxpayer-funded airport building goes on, a Panhandle college has steadfastly maintained that a private developer would not use the facility.


Sen Dave Aronberg: State’s automatic pay raises for private contractors unfair

The taxpayers of Florida scored a major victory and at least $10 million when the Department of Transportation recently announced that it would stop giving automatic pay raises to its private contractors.


News Service of Florida:  Florida Higher Ed Prepares for Thousands of Vets

Florida colleges and universities are welcoming hundreds of thousands of students to campus this fall, and a large portion of those students include men and women who chose to serve in the U.S. Armed Forces following Sept. 11, 2001.


White House submits bill on derivatives

The Obama administration yesterday sent Congress legislation seeking to impose broad oversight on derivatives, the complex financial instruments blamed for hastening the global economic crisis.


Interest in cat consortium grows

Interest in natural catastrophe policy is stirring once again in Washington as hurricane season approaches its midpoint.


Guy Carpenter names Latin America, Caribbean head

Reinsurance brokerage Guy Carpenter & Co. L.L.C. said Wednesday it has named Aidan Pope, the former chief executive officer of rival Aon Benfield’s Latin American and Caribbean operations, to lead its own expansion in the region.


Cleveland Fed Proposes 3-tier Plan for Regulating Systemically Important Financial Institutions

The Federal Reserve Bank of Cleveland is proposing a three-tiered system for regulating systemically important financial institutions.


New York Extends Freeze on Malpractice Insurance Rates

Gov. David Paterson has signed legislation to freeze medical malpractice insurance rates in New York for another year, but the state’s largest insurer said it leaves the company financially weaker while efforts to resolve malpractice issues are stalled.


Insurer must cover thefts from state

The state Appeals Court has ruled that an insurance company must pay the government for its remaining losses from a $9.4 million theft from the Treasury in the late 1990s.


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