Capitol to Courthouse Florida Insurance Report: Monday, May 14
May 14, 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
10:00 a.m.–Florida Division of Insurance Agents and Agency Services Proposed Rule Hearing. Proposed amendments would update Rule Chapter 69B-213, F.A.C., which relates to customer representatives, to conform with current statutory provisions in the Florida Insurance Code. To view the hearing notice, click here.
10:00 a.m.–State Board of Administration Audit Committee meeting. To view the meeting notice, click here.
Hurricane fund possible shortfall spurs calls for changes
Groups calling for changes to the fund that backstops the state’s property insurance market have seized on the latest estimates released this week, which show the state may not be able to borrow enough money to meet its obligations if a big storm hits.
Blog: Florida Hurricane Conference is this week
Florida’s now gone six seasons without a hurricane, which is good or bad, depending on how you view a craps table.
Large sinkhole opens up at Jonesville-area home
Saturday got off to a routine start for Robin and Rhonda Matheny – making breakfast, getting the paper.
Founder of Miami’s Estrella Insurance in legal battle over sinking of his luxury yacht
In the early morning of May 3, 2009, auto insurance mogul Nicolas Estrella’s 80-foot yacht was stolen from the dock next to his Mediterranean mansion on Key Biscayne.
Letter to the Editor: Insurance Company Lessons
Lessons learned from the MetLife $700 million unclaimed property settlement.
Given the presence of military traffic, commercial flights, amateur pilots and parasailers, the airspace over Destin and Fort Walton Beach is extremely congested.
Governor Rick Scott’s staff chief resigns amid media barrage; replacement chosen
Steve MacNamara, Governor Rick Scott’s embattled chief of staff, submitted his resignation Saturday, saying the barrage of news reports about contracts he helped arrange in his past job has made him a lightning rod for criticism that has begun to hurt the governor’s office.
State Representative Trudi Williams of south Lee County dropping out of race for Florida Senate
State Representative Trudi Williams, R-south Lee County, said Friday she’s dropping out of the race for a state senate seat, leaving state Senator Lizbeth Benacquisto, R-Fort Myers, a clear path to re-election in the new Southwest Florida district.
With two experienced candidates in a district that could go either way, Florida Republican and Democratic leaders are preparing for a battle in a newly drawn Senate seat that cuts across Volusia and Marion counties.
Guy Carpenter Names New Chief Executive Officer, Chief Operating Officer for U.S. Operations
Guy Carpenter & Co. LLC, a global risk and reinsurance intermediary division of N.Y.-headquartered Marsh & McLennan Companies, appointed Andrew Marcell as chief executive officer of U.S. operations and Pete Chandler as chief operating officer of U.S. operations.
Heartland Institute’s Washington Unit Will Split from Parent on May 31
The Heartland Institute has agreed to split off its insurance-research unit effective May 31.
Trigger-Happy Investors Boost IPO Insurance Through Litigation
Investor lawsuits filed in the wake of share sales by Groupon Inc. and Deutsche Telekom AG are boosting the appeal of insurance for public offerings.
New York Times: Why We Regulate
One of the characters in the classic 1939 film “Stagecoach” is a banker named Gatewood who lectures his captive audience on the evils of big government, especially bank regulation – “As if we bankers don’t know how to run our own banks!” he exclaims.
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