Capitol to Courthouse Headliners: Friday, September 3
Sep 3, 2010
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Universal Insurance Holdings, Inc., a vertically integrated insurance holding company, announced that its wholly-owned subsidiary Universal Property & Casualty Insurance Company has entered into an agreement with GEICO to make UPCIC’s personal residential insurance products available through 137 GEICO agents licensed in North Carolina.
Florida insurance commissioner: No hurricanes, but property rates up
It’s been more than four years since Florida was directly hit by a hurricane, but many Florida homeowners face rising property insurance rates and find few options when they shop around for coverage.
Months after sinkhole, residents barred from Tampa condo
Residents of a condominium building still are barred from their homes nearly two months after a yawning sinkhole gulped down a big chunk of parking lot and a car and came perilously close to the structure.
Allstate, Florida Agents At Odds Over Auto, Property Production
Allstate agents in Florida said the insurance company is attempting to reintroduce auto insurance-related quotas in order for agents to keep their ability to place property policies with other companies.
Blog: “Labor Day” hurricane, most powerful ever, struck Florida Keys 75 years ago today
Today marks the 75th anniversary of the great “Labor Day Storm” striking the Florida Keys on Sept. 2, 1935, with top sustained winds of at least 160 mph.
Allstate report: Tampa drivers 40th worst in collision frequency
Tampa ranks 40th worst on the Allstate Insurance Co.’s sixth annual “Best Drivers Report.”
Florida Workers’ Compensation Reform Slowed Cost Growth
Reform of Florida’s workers’ compensation fee schedule in 2003 achieved its intended results, significantly increasing the prices paid for physician services and reducing the average payment per service for hospital outpatient services, according to a study by the Workers Compensation Research Institute (WCRI).
Florida ‘pill mill’ program has raised $500,000
Cash-strapped Florida is about halfway to its goal of raising $1 million in donations to pay for a prescription tracking program.
Florida Hospital patients left out of loop about 60-day contract extension for doctor visits
Last month, health-care giants Florida Hospital and United Healthcare announced a 30-day contract extension while they continued negotiating an agreement that affects 400,000 consumers in Central Florida.
Florida to receive additional $170M in Race to the Top funds
Florida will receive up to another $170 million in Race to the Top funds on top of the $700 million awarded to the state last week, according to Gov. Charlie Crist’s office.
Court upholds law banning state funding of Cuba travel
An appellate court kept alive a Florida law that bans the provision of state funds for trips to Cuba
A federal appellate court in Atlanta upheld a controversial Florida law that prohibits funding for academic and research travel to nations that are considered ”sponsors of terrorism,” among them Cuba.
Florida is No. 3 for homebuyer credits
Florida accounted for 64,879 claims under the three federal first-time homebuyer credits offered since 2008, according to a report released by the Government Accountability Office.
Blog: ‘One-man show’ at Immokalee bank costs FDIC $353 million
Without naming names, the FDIC blames the failure of Florida Community Bank of Immokalee on the bank’s longtime CEO.
Florida Senate Democratic leader endorses Crist
Florida Senate Democratic Leader Al Lawson has snubbed his party’s nominee, Kendrick Meek, and endorsed Gov. Charlie Crist in the U.S. Senate race.
Blog: Rubio’s father’s health deteriorates, Meet the Press debate postponed
Sad news from the Marco Rubio campaign.
Many questions surrounding Scott-Carroll ticket go unanswered
Carroll refused to give specifics when asked about her experience
As Republican gubernatorial candidate Rick Scott officially announced state Rep. Jennifer Carroll as his running mate Thursday, questions about when he chose the Fleming Island legislator and the experience she feels she brings to the ticket were left largely unanswered.
Out-of-state groups to pour millions into Florida U.S. Senate, congressional races
For those few Florida voters unfamiliar with attacks ads, the latest TV spot by the conservative Americans for Prosperity offers a classic take on the genre.
South Carolina Forms Insurance Funding Program
South Carolina Insurance Director Scott Richardson, will introduce the new South Carolina Insurance Funding Program during the annual South Carolina Captive Insurance Association Conference, Sept. 13-15 in Charleston, SC.
Insurance Information Institute Blog: Earl and Coastal Exposure
Five of the top 10 states in terms of the value of insured coastal property vulnerable to hurricanes are situated in the northeast. Something to bear in mind as Hurricane Earl tracks up the east coast.
Mississippi Jury Hands Ford Motor $131 Million Verdict in Explorer Death
A Mississippi jury ordered Ford Motor Co. to pay $131 million to the family of a man who died while driving an Explorer, an attorney for the family said on Thursday.
Insurance regulators hire Blackrock for commercial mortgage-backed security review
The National Association of Insurance Commissioners has hired Blackrock to expand an assessment of risky debt held by insurers to commercial mortgage-backed securities, the NAIC said late on Thursday.
Pennsylvania Ponders Increased Auto Liability Limits
A new bill introduced to the Pennsylvania senate would double the minimum liability amounts of auto insurance policies in the state.
Regulators To Take Up Agents’ MLR Concerns This Month
Health regulators will deal this month with a request by agents that their commissions not be treated as part of a company’s premium revenue for purposes of establishing medical loss ratios.
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