Capitol to Courthouse Florida Insurance Report: Friday, February 7
Feb 7, 2014
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
1:00 p.m.–Florida Hurricane Catastrophe Fund Advisory Council meeting. Agenda includes election of Vice Chair and vote on approval to file the following proposed Rules for Notice and Adoption if no hearing is timely requested:
- Rule 19-8.013: Issuance of Revenue Bonds
- Rule 19-8.029: Insurer Reporting Requirements (2014 Data Call)
- Rule 19-8.030: Insurer Responsibilities
Daily Florida Insurance-Related News
Flood bill to get another look as Senator Latvala grumbles about process
Florida Senator Jeff Brandes’ bill attempting to encourage private insurance companies to offer flood coverage to homeowners passed through another Senate panel Thursday, but the measure has a longer journey to the Senate floor, The Florida Current’s Gray Rohrer reports.
Jeff Atwater, Florida Chief Financial Officer, Florida Department of Financial Services, and Dave Aronberg, State Attorney, Office of the State Attorney for Palm Beach County, announced that a slate of defendants were sentenced by U.S. District Judge Kenneth A. Marra for their participation in an automobile insurance fraud scheme involving staged automobile accidents.
Insurance premium hikes leave some bewildered
Are Florida ‘s homeowners’ insurance premiums going up or down? It depends on who you ask. Valerie Garman reports for the Panama City News-Herald.
Matt Gaetz files bill to legalize Charlotte’s Web
Florida House Criminal Justice Chair Matt Gaetz filed bill HB 843 Thursday to legitimize a cannabis extract known as “Charlotte’s Web” which could dramatically reduce epileptic seizures in some children, Peter Schorsch reports for SaintPetersBlog.com.
Ponzi schemer’s quid pro quo claims dog Charlie Crist campaign
Charlie Crist’s campaign and defenders vociferously denied Scott Rothstein’s testimony Wednesday and Thursday as the desperate act of a fraudster seeking to shave time off a 50-year prison sentence for the $1.4 billion Ponzi scheme he masterminded, the Miami Herald’s Marc Caputo reports.
Florida Cabinet meets at State Fair
Gov. Rick Scott formally opened the Florida State Fair and held a cabinet meeting on the Tampa fairgrounds as a way to highlight the state’s agricultural heritage, reports The Associated Press via ABC 7.
Allstate Sees No Need for Big Homeowners Rate Increases
Allstate Corp. aims to grow its share of the U.S. home and auto insurance markets without the need for “abnormally large” rate increases, its CEO said, after the company’s profit more than doubled in the fourth quarter, Reuters reports via Insurance Journal.
Marsh & McLennan Agency Acquires North Carolina Surety Bond Agency
Marsh & McLennan Agency, a subsidiary of insurance broker Marsh, said it has acquired The Bond Network, a surety bonding agency based in Charlotte, North Carolina, Insurance Journal reports.
Insurance Kickbacks Highlight Big-Bank Idiocy
Force-placed insurance is back in the headlines, with Citigroup agreeing to settle a class action lawsuit by refunding $110 million to thousands mortgage loan borrowers, Philip Van Doom writes for The Street.
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