Capitol to Courthouse Florida Insurance Report: Thursday, November 21
Nov 21, 2013
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
9:30 a.m.–Florida Office of Insurance Regulation (“OIR”) Rule Development Workshop. Proposed amendments to Rules 69O.203.042 and 69O-203.045 would require companies to submit subscriber contracts, rates and related forms via the OIR’s online I-Portal. To view the workshop notice, click here.
10:00 a.m.–Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) Investment Committee meeting. To view the meeting notice, click here. To view the agenda, click here.
Daily Florida Insurance-Related News
Citizens changes tack, will cover homes with prior sinkhole claims
State-run Citizens Property Insurance Corp. will now cover homes with prior sinkhole claims — provided homeowners have repaired the damage and have the documentation to back it up, The Florida Current’s Gray Rohrer reports.
Universal Insurance Holdings, Inc. To Begin Trading On New York Stock Exchange
Universal Insurance Holdings, Inc. (“Universal” or the “Company”) (NYSE MKT: UVE) announced today that it will transfer the listing of its common stock from NYSE MKT to the New York Stock Exchange (“NYSE”) effective with the start of trading on December 3, 2013, a company news release announced.
Wildlife commissioners wrangle with water managers over Everglades flooding
Florida Fish and Wildlife Conservation Commission members on Wednesday wrangled with state and federal water managers about Everglades restoration before adopting recommendations intended to protect wildlife from flooding.
Florida gets a new leader for state universities
AT&T Florida President Marshall Criser III was picked Wednesday to be Florida’s university system chancellor. Governor Rick Scott applauded the decision, saying Criser has the vision to enhance the university system’s effectiveness, The Florida Current’s James Call reports.
Florida lawmakers want more tax incentive transparency
Two Democratic lawmakers are raising objections to Gov. Rick Scott‘s jobs agency over the “usefulness” of a legislatively ordered online portal for disclosing economic-development incentives, Orlando Sentinel’s Aaron Deslatte reports.
Amid power struggle with chief of staff, Gov. Rick Scott’s 2010 victory architect takes a step back
Amid a power struggle with Gov. Rick Scott’s new chief of staff, the pollster-architect of the Republican’s unexpected campaign victory in 2010 has taken a step back from day-to-day operations of his reelection campaign for next year, the Miami Herald’s Marc Caputo reports.
Alaska Insurance Division director quits position for job with ministry
The director of the Alaska Division of Insurance, who led the state through the initial rollout of the Affordable Care Act, resigned Monday to take a position with a ministry, Tegan Hanlon reports for Anchorage Daily News.
FEMA Seeks Dismissal of Mississippi Suit to Block Flood Insurance Rate Hikes
The federal government is urging a federal court to dismiss a Mississippi lawsuit seeking to halt flood insurance rate hikes until an affordability study is completed, Andrew Simpson reports for Insurance Journal.
U.S. House Hearing Continues National Flood Insurance Rate Debate
A House hearing on what Congress should do to reduce the impact of flood insurance rate increases was like watching two worlds collide, Arthur Postal reports for National Underwriter’s PropertyCasualty360.com.
Fed Chair Nominee Yellen Vows to Carefully Consider Systemic Rules for Insurers
Federal Reserve Vice Chairman Janet Yellen said the central bank will “carefully consider” how to apply new regulatory standards to insurance companies that fall under the central bank’s supervision, Bloomberg’s Craig Torres reports via Insurance Journal.
RMS: Midwest Storms Could Cost $1 Billion
The weekend’s deadly storm outbreak in the Midwest may cost up to $1 billion, says RMS, and could rank as the most expensive of the top five catastrophes of its kind to have occurred in November since 1950, Ana Khalamayzer reports for National Underwriter’s PropertyCasualty360.com.
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