Capitol to Courthouse Florida Insurance Report: Friday, June 29

Jun 29, 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

 

There are no insurance-related events scheduled for today.

 

 

Daily Insurance-Related News

 

Faced with backlog, Florida regulators fast track property insurance forms

An order issued by the Office of Insurance Regulation allows property insurers to certify their forms are correct, speeding up the approval process.

 

Blog:  Florida-based insurers report 40 percent rise in profits — Will consumers benefit?

Florida-based home insurers, which have 60 percent of the state’s policies, reported a net income of nearly $78.7 million in the first quarter, up 40 percent from the first quarter of 2011, according to Florida Insurance Commissioner Kevin McCarty.

 

State Farm Seeks 14.9% Jump in Florida Property Insurance Rates

Florida’s third largest property insurer is seeking a statewide average 14.9 percent increase in property rates as part of a plan to shore-up its fiscal condition while revamping the deductibles and discounts it offers to policyholders.

 

Editorial:  U.S. Supreme Court ruling on health care sends message to Florida — get in line

 

Florida Office of Insurance Regulation to Review Lender-Placed Rate Request from Praetorian

The Florida Office of Insurance Regulation will hold a public rate filing hearing request from Praetorian Insurance Co. on lender-placed insurance in Florida’s Capitol on July 3.

 

THE NEWS SERVICE OF FLORIDA:  Florida trying to settle voter law lawsuit

The state and the opponents of a suspended voter registration law are moving toward a settlement in a lawsuit over the new rules, both sides said Thursday, even as a group of voters is trying to brush aside the state’s legal strategy and pursue an appeal.

 

As deadline looms for growth policies, development near military bases worries state officials

Florida law requires cities and counties surrounding military bases to submit by Saturday policies addressing the compatibility of surrounding land uses. State planners downplay the fact that many won’t meet the deadline. The 20 military installations in Florida have an annual economic impact of $70 billion, according to state officials. Avoiding encroachment helps communities avoid having bases closed by the federal government.

 

Siplin v Thompson Florida Senate race could be a war

One of the closest watched political contests this summer is a fight over a newly drawn minority Florida Senate seat that encompasses much of the political turf of term-limited Orlando Sen. Gary Siplin.

 

Fund the courts to avoid wrongful convictions, panel tells Florida high court

The Florida Innocence Commission, created to look at wrongful convictions, said lack of funding in the courts is putting defendants at risk

Lawmakers must come up with better funding for the state police’s DNA lab and the overburdened court system, according to a panel created by the Florida Supreme Court to examine wrongful convictions.


More state employee cuts coming in new fiscal year

Governor Rick Scott continues his push for smaller work force, pension payments

 

Genting Group opening luxury boutique casino in Bimini

Bimini Bay Resort & Marina will partner with the Malaysian company. Construction has already begun on the casino

Genting Group’s efforts to bring a casino to Miami may be uncertain, but the Malaysian company has found a way to plant its flag just a stone’s throw away from South Florida.

 

Congress Looks to Wrap Up National Flood Insurance Program Extension by Week’s End 

Congress will begin the end game today on compromise legislation that will finally provide long-term certainty to the National Flood Insurance Program.

 

 

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