Capitol to Courthouse Florida Insurance Report: Tuesday, November 19
Nov 19, 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
9:00 a.m.–Florida Cabinet meeting. To view the agenda, click here.
8:30 a.m.–Florida Workers’ Compensation Insurance Guaranty Association (“FWCIGA”) Audit and Investment Committees, Board of Directors meetings. Orlando, Florida. To view the meeting notice, click here.
1:30 p.m.–U.S. House of Representatives Committee on Financial Services Hearing: “Implementation of the Biggert-Waters Flood Insurance Act of 2012: Protecting Taxpayers and Homeowners.” To view the committee memorandum, click here.
Daily Florida Insurance-Related News
Private companies sign on to Citizens Property Insurance clearinghouse
As many as 18 private property insurance companies have signed up to participate in state-run Citizens Property Insurance Corp.’s clearinghouse to shop policies scheduled to come online Jan 2., Citizens officials said Monday. The Florida Current’s Gray Rohrer reports.
Column: Goodbye, Citizens and hello, Larry’s Bait, Tackle & Insurance
It was only a matter of time before the invite to become part of Big Bertha’s Bloomers and Property Insurance would get lost amid the rest of the junk mail, too late for me to opt out of this golden opportunity to do business with a company serving Florida’s property insurance needs since – last week. Tampa Bay Times Columnist Daniel Ruth explains.
Some Interest in Selling Private Flood Insurance in Florida Surfaces
With increases in federal flood insurance rates looming, two insurance providers have said they are prepared to sell private flood policies in Florida, Insurance Journal’s Michael Adams reports.
Builder Claims Drilling Rights Under 2,500 Florida Homes
A Tampa Bay Times analysis found that D.R. Horton, the nation’s largest home builder, has pocketed the rights beneath more than 2,500 Tampa Bay homesites, whether the homeowner realizes it or not, Insurance Journal reports.
Blog: Governor Scott considering four candidates for lieutenant governor
Gov. Rick Scott has four people under serious consideration to be his next lieutenant governor, including two from Tampa Bay, the Tampa Bay Times’ Steve Bousquet learned Monday.
Major foreclosure lawyer will accept disbarment
The Florida lawyer whose firm was handling tens of thousands of foreclosure cases at the height of the financial crisis is ending his fight to hold onto his law license, Associated Press’ Gary Fineout reports via the Tampa Tribune.
Florida Supreme Court orders hearing on lethal injection drug
The state prison system will have to show that the new drug used for lethal injections is a humane way of making convicted killers sleep before two other drugs put them to death, under a court ruling issued Monday, The Florida Current’s Bill Cotterell reports.
Putnam vows to push for laws tightening regulation of charities
Florida Agriculture Commissioner Adam Putnam said Monday he will push for legislation to tighten regulation of charities, The Florida Current’s Bruce Ritchie reports.
Louisiana Governor Jindal in Shadows of Flood Rate Fight
Despite the calls for alarm, Gov. Bobby Jindal has largely stayed quiet on an issue that is one of the biggest worries in his home state, Melinda Deslatte reports.
Farmers Files $1.3 Million Fraud Suit against New York No-Fault Medical Providers
Farmers Insurance Exchange is suing more than 40 New York no-fault medical providers for an alleged illegal fee splitting scheme in which it says unlicensed laypeople submitted claims for services provided to car crash victims, Ana Khalamayzer reports for National Underwriter’s PropertyCasualty360.com.
Minneapolis Federal Reserve Economists: Captives help costs but losses could be larger
The current size of the-called shadow insurance sector could lead to a possible loss of at least $15.7 billion for the life insurance industry, according to a new study by Minneapolis Federal Reserve economists, Elizabeth Festa reports for National Underwriter’s LifeHealthPro.com.
U.S. Supreme Court Poised to Decide Future of Securities Class Actions
The U.S. Supreme Court accepted a case with the potential to transform securities litigation, agreeing to reconsider a precedent that has served as the foundation for shareholder suits for the past 25 years, Bloomberg’s Greg Stohr reports via Insurance Journal.
Big 3 Ratings Firms Facing Competition
The first rumblings of serious international competition to the Big Three credit ratings firms were heard last week when ratings organizations from five separate countries said they will merge into a single ratings entity to offer a global alternative to debt issuers, FOX Business reports.
Click here to follow Colodny Fass& Webb on Twitter (@CFTLAWcom)
To unsubscribe from this newsletter, please send an e-mail to Brooke Ellis at bellis@cftlaw.com.