Capitol to Courthouse Florida Insurance Report–Tuesday, June 24
Jun 24, 2014
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
Citizens Property Insurance Corporation (“Citizens”) Committee meetings. To view the respective meeting notices, click on the following hyperlinks:
- Market Accountability Advisory Committee; 8:00 a.m. to 9:30 a.m.
- Actuarial and Underwriting Committee; 10:00 a.m. to 12:00 p.m.
- Consumer Services Committee; 1:00 p.m. to 2:00 p.m.
- Audit Committee; 2:30 p.m. to 3:30 p.m.
- Finance and Investment Committee; 4:00 p.m. to 5:00 p.m.
Daily Florida Insurance-Related News
Citizens to lower some of its rates; However, some wind-only customers will see increases
A lot of customers think state-run Citizens Property Insurance Corporation charges too much. For the first time in years, its own number-crunchers agree. Charles Elmore reports for the Palm Beach Post.
Small Florida carrier failed despite passing marks
Despite following all the rules pertaining, for example, to reserves and auditing — and despite benefiting from eight years without a hurricane striking Florida — Sunshine State failed this year. The Sarasota Herald-Tribune Editorial Board examines the anomaly.
No New Rights in Florida’s Homeowners’ Bill of Rights
Florida’s passage of a homeowners’ claims bill of rights left few satisfied after lawmakers largely codified current law while avoiding controversial issues such as the practice of policyholders assigning their claims payments to contractors, Insurance Journal’s Michael Adams reports.
Parent of Homeowners Choice Insurance to buy another Florida property insurance
HCI Group, the Tampa-based parent of property insurer Homeowners Choice Property & Casualty, has signed a letter of intent to buy Prepared Holdings LLC and its subsidiaries for $27 million, Tampa Bay Times’ Jeff Harrington reports.
Broad Insurance Group Buys Florida’s Hartselle Agency
Broad Insurance Group said it has acquired Art Hartselle Agency Inc., a Seminole, Fla. based commercial and personal lines property/casualty insurance agency, Insurance Journal reports.
Huge Win For HCA As Judge Upholds Plan To Expand Trauma Centers
In the ongoing dispute over new trauma centers in Florida, an administrative judge upheld a state Department of Health proposal, which provided a major victory for HCA healthcare, one that could open the door for a significant expansion of the trauma care system, SaintPetersBlog.com reports.
Whistle-blower: Florida wrongly sent collection firms after unemployed
Florida taxpayers could be on the hook for nearly $2 billion in legal claims according to a whistle-blower who says the Department of Economic Opportunity wrongly reported 19,000 Floridians to collections agencies, THE NEWS SERVICE OF FLORIDA’s Dara Kam reports.
Governor Scott Signs Bill To Overhaul Child Welfare
Florida Governor Rick Scott signed a sweeping bill Monday aimed at overhauling the child-welfare system after hundreds of child abuse-related deaths in the past five years, SaintPetersBlog.com reports.
Florida Governor Scott names State Representative Dave Hood to Circuit Court
State Representative Dave Hood will replace a 7th Judicial Circuit judge who resigned earlier this year, Governor Rick Scott’s office announced Monday. Tampa Bay Times’ Steve Bousquet reports.
Charlie Crist calls off visit to Cuba next month
Charlie Crist will not visit Cuba this summer as planned, his campaign said in a statement Monday. Tampa Bay Times’ Steve Bousquet reports.
Of kings, queens and pawns in one of Florida’s most interesting House races
In the chess game that we sometimes see in state House primaries, did we witness a clever move by former Broward Mayor, Kristin Jacobs, in her open seat race against Steve Perman? SaintPetersBlog.com makes the analysis.
Few Competitive Races for Florida Senate Seats Come November
Qualifying for the Florida Senate ended on Friday and few incumbents will face major challenges this year, Kevin Derby reports for SunshineStateNews.com.
Florida soon will sell four new specialty license tags
As they did a year ago, Florida lawmakers this spring approved four new specialty license tags, also extending a self-imposed barrier that hasn’t slowed the program, THE NEWS SERVICE OF FLORIDA reports via the Tampa Bay Times.
Oklahoma Insurance, Commerce Commissioners to Be Decided in Primary
Voters in the Republican primary in Oklahoma will decide who will be the state’s next regulators of both the insurance industry and a wide range of other businesses overseen by the three-member Oklahoma Corporation Commission, including the important oil and gas sector, Insurance Journal’s Sean Murphy reports.
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