Capitol to Courthouse Florida Insurance Report: Monday, December 17
Dec 17, 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.–Florida Commission on Hurricane Loss Projection Methodology meeting. Discussion of model submissions received under the Standards and Acceptability Process for 2011. Teleconference: 888-670-3525; conference code 7135858151. To view the meeting notice, click here. To view the agenda, click here.
Florida’s Property Insurance Citizens Cancels Surplus Loan Plan; CEO Questions Depopulation Methods
Officials of Florida’s policyholder-back insurer have decided not to pursue a plan to loan private insurers part of its surplus in exchange for removing policies citing the fact that as currently envisioned no insurers would step forward and participate in the program.
Citizens Property Insurance looks to turn page on turbulent year
Citizens Property Insurance Corp. hired a new human resources executive, began discussions of a “clearinghouse” and edged away from a controversial loan program.
Citizens Property Insurance Corp. is bringing in the top human resources pro from American Express to oversee employee personnel matters considered wildly portrayed by the media the past couple of months.
State weighs fate of Citizens Property Insurance
Winds of change are blowing that could propel Citizens Property Insurance Corp. in a new direction.
Weather changes insurance rules
A few years ago the state passed a law that owners had to purchase condominium unit insurance.
City sells logo use for private insurance company’s sales pitch
Fort Lauderdale has teamed up with a private insurance company, selling the use of the city logo to solicit customers in return for a cut of the money.
Data driving program tracks accidents for Florida Highway Patrol
When 14-year-old Jordan Sommise was ejected and killed in a Baker County traffic accident December 1, it stung loved ones, friends and a man who has seen plenty of highway death.
Crawford Insurance acquired by Florida company
With the federal government’s new health reform legislation, the insurance industry is changing and longtime Bellevue business Crawford Insurance has taken steps to continue offering its customers the best service possible.
Blog: State budget up, but dangers still ahead
State forecasters added nearly $400 million to estimated tax revenues over the next year and a half – but warned that dangers like the “fiscal cliff” could still damage a fragile economic recovery powering the gains, reports Brandon Larrabee of the News Service of Florida.
Blog: Florida House Democratic leader Perry Thurston may run for Attorney General
Add another Broward politician to the list considering a statewide bid: State House Democratic Leader Perry Thurston of Lauderhill confirmed today that he is considering challenging Republican Attorney General Pam Bondi.
Blog: Florida Governor Rick Scott picks Crews as state prisons chief
Governor Rick Scott on Monday will announce a new secretary for the Department of Corrections: Mike Crews, who is currently the agency’s No. 2 official, holding the title of deputy secretary.
A budget tracking web site paid for by Florida taxpayers but never made public will remain on the shelf as Governor Rick Scott announced Friday that he will seek bids to create a public budget watchdog site and the vendors of the existing system can get in line with everyone else.
Florida urged to develop criteria for military missions on state conservation lands
State officials have announced agreements to allow non-hazardous military training at state parks and state forests.
New York Banks, Lenders Expedite Sandy Insurance Payments
Banks and mortgage servicers agree to expedite Sandy insurance payments to New Yorkers.
Insurance Representatives Push for Action on Medicare Secondary Payment Bills by Year-End
Insurance and related industries are seeking to win support in the waning days of the current Congress for two pieces of legislation dealing with payment of injured worker claims to people whose primary insurance is Medicare.
Delaware Regulators Fine State Farm $150,000 Over Non-Renewal Notices
Delaware’s insurance department announced it has fined State Farm Fire and Casualty Company a $150,000 penalty for failing to include in some of its non-renewal notices a written explanation of the specific reasons for non-renewal.
Karen Clark: Increasing Concentrations of Insured Properties in U.S.
Insured building values in the U.S. now exceed $40 trillion – including residential, commercial and industrial structures, according to a new report from catastrophe modeling firm Karen Clark & Co.
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