CORRECTION–Capitol to Courthouse Florida Insurance Report: Wednesday, August 14
Aug 14, 2013
CORRECTION—The insurance-related events listed below are scheduled for tomorrow, August 15. The following meeting will take place today:
9:00 a.m. to 4:00 p.m.–Florida Commission on Hurricane Loss Projection Methodology meeting. Review of the Florida Public Hurricane Loss Model under the Standards and Acceptability Process for 2011, and discussion of the 2013 Standards and Procedures in committee meetings. Teleconference: (888) 670-3525; conference code: 7135858151. To view the meeting notice, click here. To view the agenda, click here.
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
9:00 a.m.–Executive Office of the Governor public meeting. Tallahassee, Florida. Citizens Inspector General candidate interviews. To view the meeting notice, click here.
9:00 a.m. to 2:00 p.m.–Florida Commission on Hurricane Loss Projection Methodology meeting. Review of the Florida Public Hurricane Loss Model under the Standards and Acceptability Process for 2011, and discussion of the 2013 Standards and Procedures in committee meetings. Teleconference: (888) 670-3525; conference code: 7135858151. To view the meeting notice, click here. To view the agenda, click here.
10:00 a.m.–Florida Division of Insurance Fraud Rule Development Workshop. Section 626.9895, F.S., authorized the Division of Insurance Fraud to establish a direct-support organization to support the prosecution, investigation and prevention of motor vehicle insurance fraud, to be known as the “Automobile Insurance Fraud Strike Force.” Section 626.9895(5)(c), F.S., requires the Department of Financial Services (“DFS”) to adopt rules prescribing the procedures by which the Strike Force is governed and any conditions with which the Strike Force must comply to use the Division’s property. To view the Workshop notice, click here.
- 69D-3.001: Definitions
- 69D-3.002: Governance of Organization
- 69D-3.003: Use of Division Property or Facilities
10:00 a.m.–Florida Workers’ Compensation Joint Underwriting Association Audit Committee teleconference meeting. To view the agenda, click here.
Daily Florida Insurance-Related News
Florida’s costly Sinkhole Alley (Video)
Florida’s geography makes it susceptible to sinkholes — with more than 19,000 documented cases. Some homeowners are literally living on top of the unpredictable phenomenon. NBC’s Kerry Sanders reports.
Florida’s insurance rates: Time to drop
Allstate bought you a new roof. So you paid Allstate 10 percent more the next year. We all got that, Orlando Sentinel columnist Scott Maxwell writes.
Entire HMA board to be replaced, major shareholder says
The board of directors of Naples-based hospital company Health Management Associates will be replaced after a vote of shareholders led by the investment fund Glenview Capital Management LLC. Glenview, which owns 14.6 percent of HMA’s stock, issued a statement late Monday that said a majority of shareholders voted to support the replacement, THE NEWS SERVICE OF FLORIDA reports via SaintPetersBlog.com.
Scott says Florida will file U.S. Supreme Court action in water dispute with Georgia
Gov. Rick Scott said Tuesday that Florida will file a lawsuit in the U.S. Supreme Court to halt what he says is the unchecked and growing consumption of water by Georgia, Bruce Ritchie reports for The Florida Current.
Chances of a Stand Your Ground special session dim even more
Republican legislators are resoundingly rejecting the call by “Dream Defenders” — strongly backed by Democratic lawmakers — for a special session to repeal or restrict Florida’s “Stand Your Ground” law, The Florida Current’s Bill Cotterell reports.
Florida Attorney General joins lawsuit to stop U.S. Airways, American Airlines merger
Florida Attorney General Pam Bondi has joined five other states, the District of Colombia and the U.S. Department of Justice in an antitrust lawsuit to prevent the merger of U.S. Airways and American Airlines, The Florida Current reports.
Pasco’s Star Rises in Tallahassee With Weatherford, Corcoran, Maybe One More
Pasco is the 12th largest county in Florida, but it certainly throws its class around in Tallahassee heavyweight-style, with the current House speaker and a future House speaker claiming it as home, Jeff Henderson reports for SunshineStateNews.com.
Chris Latvala Runs for Pinellas County House Seat With Ed Hooper’s Support
On Tuesday Rep. Ed Hooper, R-Clearwater, endorsed political consultant Chris Latvala, son of Sen. Jack Latvala, R-Clearwater, to replace him in the Florida House representing parts of Pinellas County. Hooper faces term limits in 2014, Kevin Derby reports for SunshineStateNews.com.
Public Meeting on Texas Windstorm Insurance Issues Announced
The Texas Department of Insurance announced that a public meeting of the Texas Windstorm Insurance Association expert panel will be held Aug. 22 from 2:30 pm – 4:00 pm in Austin, Insurance Journal reports.
Mississippi Insurance Commissioner: Wind Pool Rate Hike Needed to Help Make It Actuarially Sound
Mississippi Windstorm Underwriting Association pool insurance rates for its 44,000 policyholders are set to increase by 3.2% for dwellings and mobile homes and 5% for commercial policies effective Dec. 1, A.M. Best’s BestWire reports via Advisen.com.
Oklahoma Governor Calls Special Session on Lawsuit Reform
Oklahoma Governor Mary Fallin has called for a special session of the Oklahoma Legislature, to begin Sept. 3 for work on lawsuit reform, Insurance Journal reports.
Buyers Using Captives to Escape Market Cycle, Rather Than in Reaction to It
Companies are increasingly using captives as a long-term strategy to insulate themselves against commercial market-cycle volatility, rather than using captives as a shorter-term solution when rates harden, a new report says, Phil Gusman reports for National Underwriter’s PropertyCasualty360.com.
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