Capitol to Courthouse Florida Insurance Report: Tuesday, October 2
Oct 2, 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 Events
There are no Florida insurance-related events scheduled for today.
Citizens Property Insurance continued to receive sharp-tongued backlash this week over its plan to loan out $350 million from its surplus to private insurance companies.
- Blog: Citizens Property Insurance gets (another) tongue-lashing over $350 million loan to insurance industry
- Florida Consumer Advocate Calls for More Analysis of Citizens Property Insurance Depopulation
Florida Public Adjuster Waiting Period Deemed Unconstitutional
The Florida Legislature has statutorily prohibited public adjusters from contacting loss victims within 48 hours following the loss.
Homeowners Choice plans 40 new jobs
Homeowners Choice Inc. is set to assume thousands of insurance policies from Citizens Property Insurance Corp.
Early returns show mixed results for PIP law as chiropractors sue
Some auto insurance carriers see increases in their PIP rates despite a new law aimed at reducing them, but industry groups say it could take time before real savings are seen.
- Florida Office of Insurance Regulation receives more than 100 filings on PIP changes
- Blog: First PIP lawsuit filed
Personal injury protection insurance deadline arrives, so does first lawsuit
State regulators began combing through scores of applications today as the deadline came for insurers to submit proposed 2013 rates that reflect changes to the state’s no-fault car insurance system made earlier this year.
PIP reforms haven’t lowered rates, at least so far
Monday was the deadline for more than 100 auto insurers to report to the state their plans to reduce auto insurance rates because of sweeping changes to the state’s personal injury protection plan.
Florida Misses Target To Outline Benefits Under Healthcare Overhaul Law
The target date for states to spell out what benefits health insurance companies have to offer under the healthcare overhaul law was Monday.
District 104 voters to choose between former prosecutor and insurance agent
The cure for an ailing economy is either education or the technology industry, say the two candidates for state House District 104.
Blog: GOP members of police and fire unions warn that attack on courts could harm legal system
The Republican leaders in two police and firefighter unions warned Monday that their party’s attempt to oust three of Florida’s sitting justices is a “chilling” development that could lead to trouble for law enforcement.
Blog: Fort Lauderdale judge hears arguments in Florida voter-purge lawsuit
A federal judge in Fort Lauderdale heard arguments Monday – but likely won’t rule until later this week – in a lawsuit challenging Florida’s contentious noncitizen voter purge.
Nuke plant repairs could hit $3.4 billion
Repairs to a crippled nuclear plant that was a key factor in the Duke Energy-Progress Energy merger tempest could cost up to $3.4 billion, more than double previous estimates, Duke said Monday.
State pension’s assumptions may change
Florida has an adequate amount of money in its public workers’ pension fund, but state economists are not comfortable with the assumptions that determine the fund’s solvency.
Preachers say no on Amendment 3
About 50 protestors marched on the state Capitol Monday to protest a proposed revenue cap on the November ballot.
Federal Court Reverses Landmark Katrina Ruling on Army Corps Liability
A federal appeals court reversed itself this week and threw out a judge’s landmark ruling that the Army Corps of Engineers was liable for billions of dollars in Hurricane Katrina flood damage that property owners blame on the corps’ maintenance of a New Orleans shipping channel.
Dodd-Frank Council to Proceed with Picking Systemic Nonbank Firms
The Financial Stability Oversight Council voted to move a group of non-banking financial companies forward in a process that will determine whether they are so big their failure would destabilize the economy, a Treasury Department spokesman said on Friday.
California Rating Bureau Drops Workers’ Comp Advisory Rates
After a review of a workers’ compensation overhaul bill signed two weeks ago by Governor Jerry Brown, the Workers’ Compensation Rating Bureau submitted a filing on Monday to lower the pure premium advisory rate for Jan. 1, 2012.
U.S. Supreme Court to Hear Employer Liability, Class Certification in New Term
The U.S. Supreme Court has agreed to review close to 40 cases in its new term that begins on Monday, roughly half the number the court is expected to hear this year. Below are some of the more prominent cases that the court has accepted for review, and brief summaries of the issues.
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