Capitol to Courthouse Florida Insurance Report: Wednesday, August 29
Aug 29, 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
9:00 a.m.–Florida Board of Employee Leasing Companies Board Meeting. Jacksonville, Florida. To view the meeting notice, click here.
10:00 a.m.–Florida Workers’ Compensation Joint Underwriters Association (“FWCJUA”) Operations Committee meeting. To view the meeting notice, click here. To view the agenda, click here.
2:00 p.m.–FWCJUA Reinsurance Committee meeting; To view the meeting notice, click here. To view the agenda, click here.
Florida’s Citizens Property Insurance Lowers Isaac Claims Estimate
As Tropical Storm Isaac moves westward away from Florida and toward Louisiana, Florida’s largest property insurer has lowered its estimate of the number of claims it thinks it might receive.
Column: “Shameless” doesn’t do justice to Citizens Property Insurance execs’ expenses
I wish there was a better translation than shameless for descarados, the perfect word to describe the Citizens Property Insurance executives who – while pleading poverty, raising rates, cutting coverage and booting Floridians off their insured roster – have treated themselves at our expense to lavish trips, luxury hotel stays, wine-infused meals and the ultimate $502 airport car service.
Allstate sues Florida brain injury hospital
Allstate Insurance Company is suing a southwest Florida hospital that treats brain injured patients, alleging the hospital billed the insurance company for $7.6 million in unnecessary medical services.
Country’s best drivers not found in South Florida
What does South Dakota have over South Florida? Better drivers.
Patriot National Names Peters Chief Operating Officer
Workers’ compensation company Patriot National Insurance Group has named Bob Peters as chief operating officer. Peters will oversee the operations of Guarantee Insurance Co., a subsidiary.
Broward faces climate-change fears with detailed growth plan
Roads are flooded, the water supply’s ruined with saltwater, million-dollar homes are sopped.
Florida Judge Affirms Dismissal of Unions’ Prison Privatization Suit
Judge Kevin Carroll of the 2nd Judicial Circuit Court of Florida on Monday dismissed a motion by the Florida Nurses Association and the American Federation of State, County, and Municipal Employees to rehear their suit on plans by the state Department of Corrections to privatize prison health services.
Florida real estate market receives boost from international buyers
Foreign home buyers looking for investment or vacation properties have helped Florida’s fragile housing market in the past 12 months, according to a new survey from Florida Realtors.
Some scientists and the U. S. Department of Interior are casting doubt on the effectiveness of a proposed state plant that is intended to reduce mercury in fish while industry groups are raising red flags.
Isaac Could Spell Money Trouble for Louisiana Last-Resort Insurer
The head of Louisiana’s last-resort insurer says the claims generated by Hurricane Isaac will determine if it has enough funds to fulfill all of its obligations.
Guy Carpenter Report Finds Lloyd’s Seeking to Improve Competitiveness
A new report on the Lloyd’s insurance market by Guy Carpenter & Co. finds that “Lloyd’s is looking to improve its global competitiveness despite mounting challenges including low investment returns, record catastrophe losses, subdued economic growth in developed markets and uncertainty over the future of the euro zone.”
Insurer Groups Question Savings in California Workers’ Compensation Reform Bill
Proposed workers’ compensation reform legislation introduced in the California state legislature is getting a thumbs down from insurance trade groups.
Wall Street Journal: Trading In Your Auto Insurer
Maybe they should call them disloyalty programs.
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