Capitol to Courthouse Headliners: Wednesday, November 11
Nov 11, 2009
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Storm causes little Florida damage
Tropical Storm Ida came ashore with rain and gusty winds Tuesday before weakening to a depression, causing little damage along the Gulf Coast but bringing more rain to the already-soaked Southeast.
Model Methods Questioned As Citizens Files For Fla. Increase
Representatives from Citizens Property Insurance faced tough questioning from the Florida Office of Insurance Regulation over proposed rate increases for high-risk wind-only coverage, including a 7.5 percent increase for homeowners.
Emergency services bills set aside after Florida House debate
Two Florida House bills aimed at ending more than a decade of political infighting and jockeying over the delivery of emergency services in Volusia County won’t make it to the legislative floor during the next session, elected state officials that represent the Volusia area decided Tuesday.
Homeowners Choice posts earnings gains while citing cost increase
Homeowners Choice Inc. posted a 2 percent jump in net income for the third quarter of 2009, despite a significant increase in reinsurance costs.
County courts will be cleared of many unnecessary and unjustified lawsuits following a ruling from the 3rd District Court of Appeals on November 4.
BankUnited CEO: Big deal is coming
BankUnited CEO John Kanas told members of the Greater Miami Chamber of Commerce during a luncheon Tuesday that they should expect a big deal by his bank in the next week.
USA Today Blog: Conservative Republican group shuns party-backed Senate candidate in Florida
The Club for Growth’s Political Action Committee made it official this morning, endorsing former state lawmaker Marco Rubio in next year’s Florida Senate race.
Disgraced Broward lawyer accused of separate $57 million swindle
When auto magnate Ed Morse faced a legal tussle with a South Florida interior decorator, Morse turned to his lawyer Scott Rothstein — and got taken for a ride.
Dodd Unveils Insurance Office Proposal
Sen. Christopher Dodd has drafted a bill that would create an Office of National Insurance and authorize an insurance regulation modernization study.
Texas windstorm insurer seeks immunity in lawsuits
The Texas Windstorm Insurance Association, facing hundreds of lawsuits stemming from hurricanes Ike, Dolly and Rita, wants to limit how much it pays if it loses in court.
Maiden Holding, American Capital quota share deal
Reinsurance company Maiden Holding Ltd. said Tuesday it has reached a quota share agreement with American Capital Acquisition Corp. that could mean more than $200 million in annual revenue.
NAIC Plenary Approves New Model For Assessing Residential Mortgage-Backed Securities
The National Association of Insurance Commissioners has approved a proposal to develop a new model for rating residential mortgage-backed securities held by insurers.
NAIC Accepting Consumer Liaison Program Applications
Consumer groups seeking financial help so representatives can attend meetings of the National Association of Insurance Commissioners can apply now for funding, the NAIC announced.
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