Capitol to Courthouse Florida Insurance Report: Tuesday, April 24
Apr 24, 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 Event
8:30 a.m.–Florida Automobile Joint Underwriting Association(“FAJUA”) Annual Meeting of Members. Tampa, Florida. Agenda includes approval of Annual Meeting minutes from April 2011 and receipt of FAJUA Annual Report. An FAJUA Board of Governors meeting will immediately follow. To view the meeting notice, click here.
9:00 a.m.–Florida Cabinet meeting. To view the agenda, click here.
- State Board of Administration
- Request approval of the 2012/2013 FHCF Premium Formula and the proposed 2012/2013 FHCF rates
- Request authorization for the FHCF to file a Notice of Proposed Rule for Rule 19-8.028, “Reimbursement Premium Formula,” and the filing of this Rule for adoption if no member of the public makes a timely request for a rule hearing.
9:30 a.m.–Florida Office of Insurance Regulation (“OIR”) Rule Development Workshop. Proposed amendments to Rule 69O-138.001, entitled “National Association of Insurance Commissioners Financial Condition Examiners Handbook Adopted,” would adopt the 2012 NAIC Financial Condition Examiners Handbook. To view the hearing notice, click here.
10:00 a.m.–Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) Safety Committee meeting. To view the meeting notice, click here. To view the agenda, click here.
Florida part of $40 million multistate agreement with MetLife
As part of a Florida-led investigation along with 29 other states, life insurance giant MetLife will pay out $40 million for the cost of the investigation into unfair practices in paying out claims for industrial life and annuity policies.
Some members of a state advisory council want the Florida Department of Environmental Protection to consider the effects of sea level rise when purchasing state lands and managing coastal parks.
Coastal construction now costs more
Citizens Property Insurance Corp., the Florida-owned insurer of last resort, stopped offering in-progress construction insurance in March. Commercial builders and homeowners must now find coverage – if available – through the unregulated surplus insurance market.
Progress slow in Florida snail war
It sounds like a science-fiction movie: “Invasion of the Giant African Land Snails.”
Former U.S. Representative Alan Grayson won a fraud claim against Wachovia Securities
Former U.S. Representative Alan Grayson has won $852,000 in a federal securities case he claimed involved a “Ponzi scheme” that defrauded him and other investors of up to $1 billion.
Blog: Blame wars begin over failed redistricting deal
Slapped down by one Supreme Court ruling and facing years of partisan legal wrangling over the Legislature’s redistricting plans, the Senate’s top Republican quietly met with the head of the Florida Democratic Party last month to discuss a deal that could end the lawsuits.
Florida Governor Rick Scott appoints 344 to state boards, but leaves several vacancies
Governor Rick Scott on Monday reappointed 344 people to dozens of state boards and other positions.
Three Florida justices almost miss candidacy deadline
A campaign underway to revamp the Florida Supreme Court almost got its wish when a paperwork snafu nearly caused three justices to lose their seats.
Florida election law review will extend into July
A federal court review of Florida’s new election law will extend into July, just a month before the August 14 primary.
Prosecution and defense counter final arguments in flipping fraud case
Prosecutors in the flipping fraud trial centered on Southwest Florida said their case boils down to two simple human foibles: Lying and greed.
Blog: Local counties lose round in online travel tax dispute
A Leon County circuit court judge dealt the latest blow to Florida counties hoping to fill their budget gaps with taxes paid by online travel companies.
State dials up free do-not-call listings
Florida is now offering free do-not-call listings to protect consumers against unwanted telephone solicitations.
FEMA Calls on Congress to Pass 2-Year National Flood Insurance Program Extension
The Federal Emergency Management Agency today asked Congress to support a two-year reauthorization of the existing National Flood Insurance Program as the clock continues to wind down on the current authorization, which expires May 31.
Rate Increase Approved by Louisiana Citizens Property Insurance Last Month May Change
Officials of the state-run property insurer of last resort Friday told their board of directors that the 10.5 percent average rate increase approved in April may have to change.
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