10:00am – 10:30am

Opening Remarks – Lt. Governor Toni Jennings

-      Welcome and Introductions

-      Charge of Committee/ Executive Order Government in the Sunshine

 -      Executive Order

 -      Committee Members Press Release

 -      Tech Committee Members Press Release

10:30am – 10:45am  

Weather Patterns/ History – Ben Nelson, State Meteorologist

-      Weather Pattern Presentation

-      Hurricane Paths Chart

10:45am – 11:10am

Market Conditions Since 1992 – Professor Patrick Maroney, Associate Dean, Graduate Programs, FSU College of Business

-      Insurance Market Presentation

-      Hurricane Losses Chart

-      Doing Business in Florida

11:10am – 11:45am

Florida Hurricane Catastrophe (CAT) Fund

-      History/Mechanics/Retention Levels – Jack Nicholson,

-      Senior Florida Hurricane Catastrophe Fund Officer

o        CAT Fund Presentation    

-      Committee Discussion of initial alternatives

11:45am – 12:35pm 

Citizens Property Insurance Corporation

-      Creation/Merger issues (RPCJUA/FL Windstorm Underwriters Assn.) – Jay Newman, Former Executive Director (RPCJUA & Citizens Property Insurance Corp.)

o        Residual Market Presentation

-      Effect of 2004/2005 storms/current status/issues ­– Bob Ricker,  Executive Director, Citizens Property Insurance Corp.

o        Citizens Presentation

12:35pm – 1:05pm   

WORKING LUNCH

1:05pm – 1:35pm  

CS/CS/SB 1980 (2006 Legislative Session)

-      Bill overview – Rep. Dennis Ross/Rep. Donald Brown/Sen. J. D. Alexander

o        SB-1980 Summary

1:35pm - 2:05pm    

Implementation of CS/CS/SB 1980

-      Capital Buildup – Anne Bert, Director of Operations, Florida Hurricane Catastrophe Fund

o        Buildup Incentive Presentation

-      Mitigation  – Lisa Miller, Director, Department of Financial

-      Services Mitigation Program

-      CS/CS/SB 1980 implementation – Bob Ricker, Executive

-      Director, Citizens Property Insurance Corp.

2:05pm – 2:20pm   

Hurricane Mediation Program – Elizabeth Teegen, Assistant General Counsel, Department of Financial Services

-      Mediation Program Presentation

-      Property & Casualty Joint Underwriting Association – Kevin McCarty, Insurance Commissioner

 -       Committee discussion of market needs

o        OIR Task Force Presentation

2:20pm - 2:30pm

Closing Remarks – Lt. Governor Toni Jennings

MEETING MINUTES