Capitol to Courthouse Florida Insurance Report: Wednesday, August 1
Aug 1, 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
10:30 a.m.–Florida Division of Insurance Agent and Agency Services Rule Development Workshop. Proposed amendments to Rule 69B-221.051 would address licensee compliance in the filing of Temporary Bail Bond Agent Employment Reports and include the addition and clarification of defined terms and revisions made to related forms. To view the hearing notice, click here.
American Association of Public Insurance Adjusters Responds to Florida Officials
The American Association of Public Insurance Adjusters believes it is important to respond to [a recent story in which] the Florida Office of Insurance Regulation is quoted as stating the Florida Supreme Court’s decision in Atwater v. Kotrum is not favorable for policyholders and “will have an adverse impact and consequences for Florida’s homeowners,” adding that the 48-hour ban on public adjuster contact with claimants was “enacted to protect homeowners from additional cost drivers to their insurance rates” and that “ultimately, all Florida consumers pay the price in increased premiums when claims are inflated for some policyholders.”
Greenlight Re Sees “Irrational” Insurance Deals in Florida
Hedge fund heavyweight David Einhorn’s reinsurance business, Greenlight Capital Re Ltd, on Tuesday warned that other insurers were making “irrational” deals in Florida in the face of heavy competition.
Blog: Rate Reform Must Be Key to Shrinking Citizens Property Insurance
Albert Einstein once said “a new type of thinking is essential if mankind is to survive and move toward higher levels.” Or, as it often paraphrased, we cannot solve our problems with the same thinking we used when we created them.
Florida Education Commissioner Gerard Robinson resigns
In a resignation letter to Governor Rick Scott and Board of Education Chairwoman Kathleen Shanahan, Gerard Robinson said his last day as education commissioner will be August 31.
Democrats tap Tom Gustafson to run against Hager for coastal state House seat
The Palm Beach County Democratic Executive Committee on Tuesday unanimously picked onetime Florida House speaker Tom Gustafson to run against state Representative Bill Hager, R-Boca Raton, for a coastal House seat.
The Florida Current’s Primary Profile: Wife takes up husband’s challenge in Senate District 12 race
The Democratic primary for the Senate District 12 seat pits an incumbent lawmaker against a first-time candidate who is married to a term-limited senator.
House District 57: Jake Raburn Has the Edge for Open Florida House Seat
Battling for an open seat in the Florida House representing parts of Hillsborough and Manatee counties, businessman Jake Raburn has the edge over his opponent for the Republican nomination and the Democrat in the race.
Wide range of ages, experiences from District 76 candidates
If you live on Pine Island, Captiva, Sanibel, Iona-McGregor, Fort Myers Beach, San Carlos Park, Estero or Bonita Springs, you may have had Michael Grant, Ray Rodrigues or Chauncey Solinger show up at your doorstep.
Former Shell Oil President to Keynote Adam Putnam’s Energy Summit
Agriculture Commissioner Adam Putnam released the agenda for his second energy summit, the first since the legislators approved his modest energy package.
New Louisiana Insurance Laws Address Citizens Property Insurance, Proof of Insurance, DWIs
In addition to suspending the 10 percent surcharge rule on property insurance provided by Louisiana’s property insurer of last resort in certain coastal parishes, recently passed state legislation includes provisions for allowing electronic proof of vehicle insurance and a number of changes to DWI rules.
Two insurance industry trade groups are asking the Financial Stability Oversight Council to allow all nonbank financial companies a full hearing as part of the process for determining whether a company should be designated systemically significant.
Geneva Association’s Fitzpatrick Warns against Mixing Bank and Insurance Regulators
After 39 years of gathering, collating and disseminating the facts and figures relevant to the global insurance industry the world’s leaders and shakers are finally paying attention to the findings and recommendations of the Geneva Association.
2012 Ward’s Top 50 Performing Property and Casualty Insurers
Being the best of the best is something every company wants to achieve.
Click here to follow Colodny Fass& Webb on Twitter (@CFTLAWcom)
To unsubscribe from this newsletter, please send an email to Brooke Ellis at bellis@cftlaw.com.