Capitol to Courthouse Florida Insurance Report: Tuesday, March 5
Mar 5, 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
8:00 a.m.–Citizens Property Insurance Corporation Actuarial and Underwriting Committee meeting; 8:00 a.m. Teleconference: (866) 361-7525; conference ID: 8632017402#. To view the meeting notice, click here.
Daily Florida Insurance-Related News
USA Today: Another suspected sinkhole opens up in a Florida neighborhood
This apparent sinkhole is about two miles from where one opened up on Thursday, killing a man whose bedroom was above it
Another sinkhole appears to have opened up in a Seffner, Fla., neighborhood, the second time in less than a week.
- Tragic Sinkhole In Tampa Sheds Light On Florida’s Geological Predicament
- Underground Florida: a “bunch of round lakes”
- Florida Sinkhole: Authorities Hope To Get Better Look At Sinkhole That Swallowed Man After House Removed
- Blog: Florida is the sinkhole king, but Alabama is not far behind
- Florida sinkhole sparks concerns in region, Pennsylvania
- Tennessee One Of Several States Facing Growing Sinkhole Problem
Bankers Insurance agrees to acquire AIX Florida policies
Bankers Insurance Group, a unit of Bankers Financial, has signed an agreement to acquire AIX Group’s renewal rights and servicing of in-force Florida Select business (AIX Florida), effective from 01 March.
Citizens President Barry Gilway Speaks Candidly
In recent years, much of the news about Citizens Property Insurance Corp. has not been good and that bothers company President and CEO Barry Gilway.
There are several misconceptions regarding Citizens Property Insurance when compared to the Florida-based homeowners insurance companies.
Citizens Insurance reforms won’t be easy – or cheap
Raymond Tosti looked at his property insurance notice and started to shake. The 66-year-old Ormond-by-the-Sea resident lives on disability benefits with his wife, who recently lost her job. What he saw in the notice from the state-run Citizens Property Insurance Corp. was a premium that had almost doubled.
Brown & Brown still eyeing Florida
Growing and expanding revenues are still top goals of Brown & Brown Inc. insurance, president and CEO, J. Powell Brown, told a gathering Monday at the Raymond James 34th Institutional Investors Conference in Orlando.
Ouch! South Florida next to last in car affordability — with insurance included
South Floridians may love their cars and spend a lot of time in them – but they can barely afford to buy a new one.
Florida House committee votes no on Medicaid expansion
In a party line vote a key House committee sets up a potential conflict with Gov. Scott on extending Medicaid coverage to a million Floridians.
Imperial shareholders promise $45 million loan
Faced with a potential cash liquidity shortfall in the second quarter, Imperial Holdings received a commitment for $45 million in bridge financing from its largest shareholders.
Capitol comes alive as session starts
Legislators rolled into the capital city, last-minute fundraisers dotted downtown and some legislative work was done in advance of the 2013 session. Gov. Rick Scott is set to deliver his State of the State speech on Tuesday.
- Fundraising frenzy envelopes Tallahassee in advance of session deadline
- State of the State Preview: Rick Scott on Florida’s Great Job Creation Debate
- Florida Legislature facing many familiar fights
- Florida lawmakers to discuss teachers, elections, Medicaid
- Tallanasty: An Interactive (And Ethical) Experience To Test Your Integrity
Representative Crisafulli tapped by House GOP caucus as Speaker-designate
Republican House members voted Monday to elect Rep. Steve Crisafulli, R-Merritt Island, as House Speaker-designate for 2014-2016.
Jobs agency updates economic incentives portal as lawmakers push for accountability
The Department of Economic Opportunity completed their online list of taxpayer incentive deals Monday, but lawmakers’ quest for accountability isn’t over.
The Florida Current’s 2013 Session Outlook: Budget & Taxes
The $74 billion-plus spending plan has the first revenue increase projected since 2008. Big spending issues loom with education spending, business tax breaks and raises for teachers and bonuses for state workers.
Texas Bills Would Sever Remaining State Controls over Texas Mutual Insurance Company
The Texas Legislature introduced bills last week that would sever the last controls the state has over Texas Mutual Insurance Co.-its largest workers’-compensation insurer-while authorizing the state to set up an assigned-risk plan.
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