Capitol to Courthouse Florida Insurance Report: Friday, July 27

Jul 27, 2012

 

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


9:00 a.m. to 1:00 p.m.–Citizens Property Insurance Corporation Board of Governors meeting.  Teleconference:  888-942-8686; participant code:  5743735657#.  To view the meeting notice, click here.

     

     

    Daily Insurance-Related News

     

    Citizens’ cash eyed by private insurers

    After six years without a hurricane, Citizens Property Insurance Corp. has built up a massive cash surplus of about $6.1 billion. And private insurance companies want to get their hands on it.

     

    Blog:  Florida Insurance Consumer Advocate slams Citizens for revoking discounts

    Insurance Consumer Advocate Robin Westcott on Thursday criticized Citizens Property Insurance for revoking legitimate discounts for hurricane-resistant features.

     

    Florida Regulators Question State Farm’s 57% Rate Hike for Landlords

    Florida regulators are expressing concern over a State Farm Florida proposed statewide average 57.3 percent rate hike in insurance rates for landlords that will result in higher premiums while the insurer continues not to write new business.

     

    Citizens lambasted for inspection program

    Citizens officials defended a program that has netted more than $100 million in extra premium.

     

    Is home in Jacksonville’s Englewood neighborhood sitting on a sinkhole?

    The soil around Terry and Jenna Daley’s Englewood home is being tested for the second time in as many weeks.

     

    Blog:  Florida pharmacists accuse state of shutting them out of Medicaid

    The Florida Pharmacy Association announced today that it has filed a lawsuit in Leon County’s Circuit Court in an attempt to nullify state procedures they say is beginning to leave Florida pharmacists out of the business of fullfilling prescriptions for Medicaid patients.


    Blog:  Report — Shadowy corporate group behind many laws passed in Florida

    Some of the most controversial bills introduced recently in the Florida Legislature were thought up by out-of-state corporate interests with financial motives, according to a report released Thursday by a two national watchdog groups and Progress Florida.

     

    Florida House District 3:  Doug Broxson Faces GOP Primary Challenge from Santa Rosa Political Scion Jayer Williamson

    As he seeks a second term in the Florida House, Rep. Doug Broxson, R-Milton, has to survive a serious Republican primary challenge in August from Milton businessman Jayer Williamson, the scion of a family with deep roots in Santa Rosa County politics.

     

    Congressional District 17:  Tom Rooney a Heavy Favorite to Win a 3rd Term

    Seeking a third congressional term this November, U.S. Rep. Tom Rooney, R-Fla.,starts off as a heavy favorite to win renomination and the general election in November, despite facing CD 17, a different district than the one he currently represents.

     

    Blog:  Anatomy of absentee-ballot fraud, the Hialeah edition

    The latest investigation of potential absentee ballot fraud in Miami-Dade County was triggered by a private investigator who went to police with his suspicions that a woman active in Hialeah politics was illegally collecting absentee ballots from voters.

     

    Report Cites Need For Strong Federal Regulation at AIG

    American International Group is in need of “effective, comprehensive and rigorous” regulation to ensure history does not repeat itself at the insurance giant, says a new regulatory report.

     

    Western Surplus Lines Conference:  Regulation, and More Regulation

    Coming off a rough few years of recession, then a disaster prone 2011 – and then more global uncertainty in 2012 – the world and the insurance industry have a few things to look forward to in the next year.

     

     

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