Capitol to Courthouse Florida Insurance Report: Thursday, December 1
Dec 1, 2011
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 Insurance Guaranty Association Board of Directors meeting. To view the meeting notice, click here.
10:00 a.m.–Florida Surplus Lines Service Office National Clearinghouse Committee meeting. To view the meeting notice, click here.
Proposals for reducing Citizens Property Insurance Corporation headed to Florida Cabinet
Citizens Property Insurance Corporation plans to eliminate homeowners coverage on roughly 7,500 coastal homes valued at $2 million or more and reduce the amount of homeowner liability coverage in a measure designed to reduce the size of the state-backed insurer and corresponding risk to Florida taxpayers.
Blog: Citizens Property Insurance Corporation prepares to drop or reduce coverage, raise premiums
A Citizens Property Insurance panel approved 30 recommendations Wednesday to help the state-backed insurer downsize and lower its financial risk to Floridians.
Governor Rick Scott Wants to Halt Growth of State-Backed Citizens Property Insurance Corporation
Citizens Property Insurance Corporation is acting on a suggestion from Governor Rick Scott and moving toward decisions designed to shrink the size of the state-backed insurer and a corresponding risk to taxpayers.
Florida Convicts North Carolina Man in $2.7 Million Workers’ Compensation Fraud
A North Carolina man has been sentenced to four years in a Florida prison and ordered to pay more than $3.1 million in restitution after pleading guilty in a workers’ compensation fraud case, according to officials.
Hospital commission moves ahead despite Governor’s skepticism
Florida Commission on Review of Taxpayer Funded Hospitals chairman Dominic Calabro says Governor Scott’s remarks won’t sway group from completing its work by January 1.
Florida appeals court upholds city red light cameras
A Florida appeals court has upheld the right of cities to use cameras to catch and fine motorists who run red lights.
Lawmakers propose tougher unemployment compensation rules
A proposed committee bill from the House Business and Consumer Affairs Subcommittee seeks mandatory training for unemployment compensation applicants who fail a skills test.
Surrounded by environmental officials who served under previous governors, former Governor Bob Graham forcefully urged Governor Rick Scott on Wednesday to reverse the environmental damage done by lawmakers in the last legislative session and “now lead.”
President Obama picks Fort Lauderdale magistrate for Miami federal judgeship
Robin S. Rosenbaum, a federal magistrate in Fort Lauderdale, was nominated by President Barack Obama Wednesday to serve as a U.S. District Court judge in Miami.
Labor officials keeping eye on Florida growers
Federal labor officials have a warning for growers in central Florida: Pay farmworkers fair wages.
Florida: 40th Worst Run State in America
Florida is the 40th worst run out of all fifty states when each state’s financial health and living standards such as health insurance, employment rate, education and crime are considered.
Blog: State regulator retires to take a job, he thinks, with barrel racing track
Another turn in the Tallahassee revolving door involves Jim Barnes, a former investigator with the state’s Division of Pari-Mutuel Wagering.
Massachusetts Law Bans Credit Scoring for Auto Insurance
A bill to ban credit-based insurance scoring in underwriting private passenger automobile insurance was signed into law in Massachusetts.
Catastrophe Bond Issuance Could Double in Fourth Quarter, Guy Carpenter Says
Catastrophe bond issuance could double over the final three months of 2011, fueled by strong demand from investors seeking a haven from wild price swings in mainstream financial markets, brokerage GC Securities said on Tuesday.
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