Capitol to Courthouse Headliners: Friday, February 13
Feb 13, 2009
To view a complete story, click on a headline below:
NEWS SERVICE OF FLORIDA: Insurance Commissioner Approves State Farm Withdrawal with Conditions
State Farm, the state’s largest private property insurer, will be allowed to pull out of the Florida property insurance market, the state’s insurance commissioner announced Friday.
Florida Imposes Conditions on State Farm Plan Approval
Florida Insurance Commissioner Kevin McCarty has offered a withdrawal plan for State Farm Florida Insurance Co. and its parent company with major conditions that were not in the original plan submitted by the insurer.
USAA plans consolidation resulting in hiring of 400 in Tampa
USAA will consolidate its Sacramento, Calif., operations and part of its Norfolk,Va., operations into its Tampa and other locations to reduce its excess real estate capacity.
Guy Carpenter Forecast Sees Tiny Increase In Florida Risk
A new report predicting hurricane landfall rates finds slightly decreased chances of a strike on the Florida coastline and a bit less for U.S. Southeast shores as well.
Florida regulators examining Stanford Group
The Florida Office of Financial Regulation has opened an examination into Stanford Group Co., an Antigua- and Barbuda-based financial firm with offices in South Florida.
Faced with the prospect of having to cough up original birth and marriage records to prove their dependents were legitimate, some school district employees have admitted they included people not entitled to coverage in what was likely an attempt to get them cheap health care.
Bradenton Business owner arrested in insurance dispute
Kim became known for waging a relentless campaign against an insurance scam after a customer filed a lawsuit claiming she slipped and fell in his former Bradenton restaurant.
COLUMN: These Web sites can find Florida homeowners insurers
Dear Help!: As a result of State Farm’s threat to drop homeowners coverage, many Brevard homeowners are shopping for a new insurer.
McCollum Presents over $350,000 in Settlement Funds to Central Florida Public Entities
Orange County Public Schools to receive over $300,000 from insurance-related settlement
Attorney General Bill McCollum today presented two Central Florida public entities with checks totaling over $350,000 from an insurance-related settlement reached in 2007.
Parimutuels Warn Florida About Tribe Compact
The state’s gaming compact with the Seminole tribe could cost Florida billions of dollars in the long run, parimutuel owners argued on Thursday.
State to get less stimulus than hoped, Crist says
Gov. Charlie Crist said Thursday he was still pleased with a compromise federal stimulus plan although Florida likely will get less money than anticipated.
GOP seethes over Charlie Crist’s stimulus-plan support
As Democrats lavish praise on Florida’s Republican governor for enthusiastically supporting their economic stimulus package, Republicans are questioning whether Crist damaged his future.
Florida Stimulus Shortfall May Boost Democrats
Some Democratic lawmakers hope that Florida’s share of the federal stimulus package will give them a powerful advantage during state budget negotiations this spring.
Florida Lawmakers target online sales
Bought a book or a computer online? You might not have paid sales taxes.
Forbes puts Miami among ‘Most Miserable Cities’
A Florida Congresswoman is calling out Forbes magazine for including Miami in its list of Top 10 Most Miserable Cities in the country.
NAIC, NCOIL Sue To Block EIA Regs
The National Association of Insurance Commissioners and the National Conference of Insurance Legislators are suing to keep the U.S. Securities and Exchange Commission from regulating equity-indexed annuities as securities.
Insurers Get Regulatory Approvals
Requirements Ease at Hartford Financial; Relief for Lincoln National, Too
Hartford Financial Services Group Inc. said state regulators had approved the easing of certain requirements, boosting the capital level of its life-insurance units by nearly $1 billion, or about 20%, while Lincoln National Corp. won approval for about $300 million in relief.
To unsubscribe from this newsletter, please send an e-mail to ccochran@cftlaw.com