Capitol to Courthouse Daily Florida Insurance Report: Thursday, February 17
Feb 17, 2011
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
- Daily Florida Insurance-Related Bills Filed for 2011
- Daily Insurance-Related News
- 8:00 a.m. to 10:15 a.m. — Senate Budget Subcommittee on General Government Appropriations. Florida Department of Financial Services, Florida Office of Insurance Regulation presentations on Schedule VIIIB Reduction Proposals for Fiscal Year 2011-12
- 2:00 p.m. — National Association of Insurance Commissioners Surplus Lines Implementation Task Force Clearinghouse Plan of Operation Subgroup meeting. To register for the teleconference, click here.
HB 803 relating to Property and Casualty Insurance by State Representative John Wood
HB 803 would revise the minimum surplus required of certain insurers and authorize the Florida Office of Insurance Regulation (“OIR”) to reduce surplus requirements. The bill also revises provisions related to federal multiple-peril crop insurance, the frequency that an insurer may use same accountant to prepare a financial report and requirements for insurer communication with a public adjuster to reach an agreement related to a covered loss. Should it become law, HB 803 would prohibit a public adjuster from restricting reasonable access to an insured or the insured’s property. It would also require the OIR to issue approval of a file and use filing, rather than notice of intent to approve. The bill would rename Citizens Property Insurance Corporation’s (“Citizens”) “high-risk account” as the “coastal account” and revise conditions for imposing a Citizens policyholder surcharge. HB 803 would require delivery of a “Notice of Change in Policy Terms.” Further, it would require that a policyholder enter into a contract for performance of building and structural repairs and allow an insurer to limit its initial payment for losses to personal property. It would revise provisions of law relating to sinkhole coverage and provide a criminal penalty for accepting rebates from persons performing related repairs. Sellers of real property would be required to provide to provide a buyer with a copy of sinkhole inspection reports and certifications. The bill provides that a neutral evaluator is an agent of the Florida Department of Financial Services for purposes of immunity from suit. Effective date: June 1, 2011
HB 4171 relating to Mold-Related Services by State Representative J.W. Grant
HB 4171 would repeal provisions of law relating to the Florida Department of Business and Professional Regulation’s mold-related services licensing program and related regulation of mold assessment and remediation, examination, licensure, continuing education, and discipline of mold assessors and mold remediators, as well as certification of corporations and partnerships offering mold assessment or mold remediation to the public. Effective date: July 1, 2011
A critical engineering study that might help resolve who pays for repairs to structurally damaged Dolphin Towers in downtown Sarasota will be presented this week to the insurance company that provides building coverage. It will then be released to the city.
Daytona Beach, Florida-based insurance broker Brown & Brown Inc. said it has named Elizabeth “Liz” White president of Peachtree Special Risk Brokers LLC.
Thirteen people were charged in three indictments unsealed in Miami on Wednesday as part of a massive organized crime ring that spanned from coast to coast.
Florida’s red-light violators may have something to celebrate if a proposed senate bill is passed.
Governor Rick Scott on Wednesday rejected $2.3 billion in federal money to build high-speed rail between Tampa and Orlando.
- Plans afoot to find way to build high-speed rail line without state involvement
- Blog: Florida looks at Rick Scott’s ridership comparison in high speed rail comments
- Blog: Senate budget chairman Alexander warns that Governor can’t unilaterally kill rail project; Dockery is disappointed; Altman calls it ‘tragic’
Senator Jeremy Ring, a Democrat and one of the founders of Yahoo.com, said Governor Rick Scott’s decision to cancel the high speed rail will send a negative message to venture capitalists considering whether to invest in Florida.
Managed care plans will be required to spend 90 percent of Medicaid premium on health care services and the developmentally disabled population won’t be required to enter managed care plans under the Senate version of a Medicaid rewrite that was briefly discussed Tuesday afternoon.
Legislation to recall Florida’s governor, as well as, state officials was filed on Wednesday by a Democratic House lawmaker Representative Rick Kriseman (D-St. Petersburg) filed legislation – House Joint Resolution 785 and House Bill 787 – which would allow the public to recall from office, Florida legislators, members of the Florida Cabinet, governor and lieutenant governor.
A bipartisan group of congressmen sent a letter Wednesday to President Barack Obama expressing concern over the fact that two key insurance-related positions created by the Dodd-Frank Wall Street Reform and Consumer Protection Act remain unfilled.
Insurance industry trade associations are working with the New York governor’s office to discuss differences of opinion regarding a plan to merge the state’s insurance department with the Department of Banking and the Consumer Protection Agency.
Solvency II, Europe’s upcoming risk-based rules for insurers, is likely to significantly affect all U.S. insurers at least somewhat, a consultant says in a report
To unsubscribe from this newsletter, please send an email to firstname.lastname@example.org.