Capitol to Courthouse Florida Insurance Report: Wednesday, December 11
Dec 11, 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
9:30 a.m.–Florida Insurance Guaranty Association Board of Directors meeting. Tampa, Florida. To view the meeting notice, click here.
10:00 a.m.–Florida Workers’ Compensation Joint Underwriting Association Board of Governors meeting. To view the meeting notice, click here. To view the agenda, click here.
Citizens Property Insurance Corporation committee meetings; Winter Park, Florida:
- Market Accountability Advisory Committee; 10:30 a.m. to 12:30 p.m. Teleconference: (866) 361-7525; conference ID: 7849939192#. To view the meeting notice, click here.
- Audit Committee; 1:30 p.m. to 3:30 p.m. Teleconference: (866) 361-7525; conference ID: 3877541849#. To view the meeting notice, click here.
- Finance and Investment Committee; 3:30 p.m. to 4:30 p.m. Teleconference: (866) 361-7525; conference ID: 2478401990#. To view the meeting notice, click here.
Daily Florida Insurance-Related News
Citizens Property Insurance To Delay Start Of Clearinghouse
A three-week delay has been set for the rollout of a legislatively approved insurance clearinghouse that is expected to help reduce the number of homeowners’ policies in the state-backed Citizens Property Insurance Corporation, NorthEscambia.com reports.
- Citizens Insurance Delays Start Of Policy Dump
- Citizens CEO: Policy count to drop to 750000 by end of 2015
Governor Scott, Florida Cabinet select watchdog for Citizens insurance
Bruce Meeks, a Tallahassee attorney who spent nearly eight years as an inspector general with the State Board of Administration, has been offered a similar role to serve as the new watchdog at Citizens Property Insurance Corporation, the Ft. Myers News Press reports.
Bill aims to ease path for private flood insurers in Florida
State legislation aimed at easing Florida’s flood insurance predicament would streamline the approval process for new insurers and give consumers more flexibility in choosing coverage to reduce their rates, Halifax’ Lloyd Dunkelberger reports via the Ocala Star Banner.
Florida forecasts sinkhole burden
Predictive model will map areas vulnerable to collapse
A Florida study could set a new standard for sinkhole-vulnerability studies in other states and countries, which typically compile maps of existing sinkholes but do not have predictive maps showing where new ones might form, Alexandra Witze reports for Nature.com.
Florida to allow digital proof of car insurance
Gov. Rick Scott and the Florida Cabinet on Tuesday approved a measure – backed by a St. Petersburg lawmaker – allowing drivers to show proof of motor-vehicle insurance through cell phones, tablets and other electronic devices, James Rosica reports for the Tampa Tribune.
Lincoln National settles multistate action for $12.6 million with Florida, others
The death master file is a death trap for some
Lincoln Financial Group companies are the latest insurer to come under the widening umbrella of the Social Security Administration’s Death Master File (DMF) settlements with state insurance departments, this time with a $12.6 million claim agreement with Lincoln National Life Insurance Co. and various life and annuity affiliates, Elizabeth Festa reports for National Underwriter’s LifeHealthPro.com.
Gardiner formally tapped as Senate President-Designate
Senate Republicans on Tuesday formally voted to make Sen. Andy Gardiner, R-Orlando, the next Senate President for the 2014-2016 term after the midterm elections next year, succeeding current Senate President Don Gaetz, R-Niceville, The Florida Current’s Gray Rohrer reports.
Court rules Florida universities can’t regulate guns
State universities would be blocked from regulating guns on campus under a potentially far-reaching ruling handed down Tuesday by a Florida appeals court, Associated Press’ Gary Fineout reports via the Tampa Tribune.
USDA predicts smaller citrus crop in Florida
As many Florida citrus growers have feared, the smallest orange crop in 24 years will get smaller as pre-harvest fruit drop continues to plague groves, Associated Press reports via the Sarasota Herald-Tribune.
Florida’s top money men get raises
Two of Florida’s top money managers received big pay raises Tuesday at the state Cabinet meeting, in recognition of financial gains made by their agencies, The Florida Current’s Bill Cotterell reports.
Bill would exempt state review of larger developments in 6 more Florida counties
A bill filed in advance of the 2014 legislative session would allow six more counties to avoid review by the state of some growth management decisions, continuing a trend in recent years of increasingly less state oversight, The Florida Current’s Bruce Ritchie reports.
Senate backers of bill delaying flood insurance increases will try to get a vote this week
Supporters of legislation that would delay flood insurance premium increases will try Wednesday to win required unanimous consent to get a quick up-or-down vote, reports Bruce Alpert for the New Orleans Times-Picayune.
9/11 Insurers Lose Subrogation Bid Against 7 World Trade Center
The U.S. Court of Appeals for the Second Circuit has upheld the dismissal of a subrogation action brought by insurance companies against the entities that designed, built, operated, and maintained 7 World Trade Center (7WTC) in Manhattan, Steven Meyerowitz reports for National Underwriter’s PropertyCasualty360.com.
Former Marsh CEO Duperreault Will Run Newly Branded Hamilton Re
A group of investors led by insurance-industry veteran Brian Duperreault struck a deal to buy billionaire trader Steven A. Cohen’s SAC Capital Advisors LP’s reinsurance business, Reuters reports via National Underwriter’s PropertyCasualty360.com.
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