Capitol to Courthouse Headliners: Friday, November 19
Nov 19, 2010
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Following Governor-elect Rick Scott’s message that he intends to revamp the state’s insurance system, Florida-based public adjuster Tutwiler and Associates cautions policyholders to watch out for changes to property insurance regulations as well as changes in their policy forms and endorsements.
Miami-based University Dean Joins Board of New Orleans-based Pan-American Life Insurance
Pan-American Life Insurance Group, which provides insurance and reinsurance internationally, announced that Dr. Jose Antonio Villamil has been appointed to the company’s board of directors.
Old South Florida Maps Flooding Homeowners With Problems
Wine might get better with age, but there’s nothing fine about aging flood maps. Yet the CBS4 I-Team has discovered that the rates many South Floridians pay for flood insurance are based on outdated, inaccurate, and flawed mapping standards and techniques.
Florida Jury Awards Smoker’s Daughter $80 Million
A Florida jury has awarded the daughter of a deceased smoker $80 million in a lawsuit against R.J. Reynolds Tobacco Co.
Lawmakers weigh plans for Medicaid overhaul
A group of lawmakers stuck around the day after the special session of the Florida legislature to hear testimony from the sundry groups that would be affected by a sweeping overhaul of the state’s Medicaid system, from doctors and nurses to patients and insurance companies.
Claims bills could be casualty of new Florida Senate rule
Senator Frederica Wilson hasn’t officially left office yet, but a new Senate rule could put several pieces of legislation that she filed in jeopardy for the upcoming session.
Florida unemployment rate holds steady
Florida’s seasonally adjusted unemployment rate held steady in October, at 11.9 percent, the same as September, according to the state’s Agency for Workforce Innovation.
In a climate of Internet campaigns to shun airport pat-downs and veteran pilots suing over their treatment by government screeners, some airports are considering another way to show dissatisfaction: Ditching TSA agents altogether.
Bond plan for Everglades deal upheld
The Florida Supreme Court on Thursday belatedly upheld a defunct state plan to float bonds to pay for a $536 million, 73,000-acre land deal with the U.S. Sugar Corp. — but the judicial approval came tempered by an important exception and a pointed critique from one justice, who branded such financing schemes a “shell game” intended to avoid taxpayer scrutiny.
Florida’s BankAtlantic Executives Found Guilty of Securities Fraud
Executives at Florida-based lender BankAtlantic Bancorp Inc. failed to alert investors about risks in its real estate loan portfolio as the U.S. housing market collapsed, a Miami jury ruled Thursday in a rare securities fraud class action verdict.
Air conditioning rebates leave thousands out in the cold
The Florida Legislature restricted the money to people who bought the systems between August 30 and September 14
After being held hostage in a political tug of war, $1,500 in rebate money for each person who bought new air-conditioning and heating units and/or solar energy systems is now available.
Texas Windstorm Insurance Association Maximum Limits of Liability to Remain Unchanged for 2011
The Texas Windstorm Insurance Association announced that maximum limits of liability will remain unchanged for 2011.
Texas Likely Will Seek to Protect Its Piece of Surplus Lines Tax Pie
The federal financial services reform act signed by President Barack Obama in July 2010 contained a provision reforming the way surplus lines insurance premiums are reported and taxed. The Nonadmitted and Reinsurance Reform Act, or NRRA, was supported by the surplus lines insurance industry.
U.S. Residual Markets Continues To Grow
The U.S. residual property insurance marketplace continued to grow despite the economic downturn, according to a report issued by the Insurance Information Institute.
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