Capitol to Courthouse Florida Insurance Report: Friday, February 22
Feb 22, 2013
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There are no Florida insurance-related events scheduled for today.
The Senate Banking and Insurance Committee is cobbling together a large property insurance bill with several provisions aimed at reducing the state’s imprint on the private market, but on Thursday provisions shrinking the Florida Hurricane Catastrophe Fund were stripped out of the draft bill.
Senate Democrats want Governor Rick Scott to rally support in other states for a regional insurance compact that would spread risk among Gulf and Atlantic coast states.
Senate President Don Gaetz said Thursday that he will ask the Senate Banking and Insurance Committee to schedule confirmation hearings for Citizens’ Property Insurance chief executive Barry Gilway.
The U.S. District Court in Pennsylvania ruled last week that multiple claims that arose from allegedly defective drywall that the insured entity imported in one single shipment from China should be considered a “single occurrence” for the insurance coverage.
As the 2013 Florida Legislature session approaches, House and Senate committees continue to discuss what can be done to address the cost of homeowners insurance in Florida.
Key Florida lawmakers are running out of patience with the state’s fraud-plagued no-fault motor vehicle insurance system that has cost policyholders hundred millions of dollars.
Democrats were derisive and Republicans were repulsed — even revenge-minded — Thursday by Governor Rick Scott’s decision to support a three-year extension of Medicaid access for nearly a million poor Floridians.
- House Democrats: We can work with Governor Scott
- Hospitals, uninsured patients applaud Medicaid expansion
- Will Weatherford: Rick Scott’s Medicaid Embrace Isn’t an Obama Hug
A Senate committee Thursday approved a proposal that would expand the drug-prescribing powers of optometrists, rebuffing arguments of ophthalmologists in the long-running industry fight.
A bipartisan compromise on a measure changing how cities can spend the insurance premium tax money that funds police and firefighter pensions cleared its first committee Thursday, but the measure still faces resistance from cities and unions.
Granting the Division of Public Assistance Fraud with subpoena authority, prohibiting insurance companies from increasing costs on orally administered anti-cancer medication, and expanding the state’s contract tracking system are among the legislative priorities of Florida Chief Financial Officer Jeff Atwater.
Charlie Crist will make his first major speech as a registered Democrat before a Sarasota-Manatee audience in Lakewood Ranch in March, reports Jeremy Wallace of the Sarasota Herald Tribune.
Nearly two-thirds of Louisiana Citizens Property Insurance Corp. rebates that are available to policyholders are unclaimed, according to state Insurance Commissioner Jim Donelon.
The National Insurance Crime Bureau today announced revised estimates for the number of vehicles damaged as a result of Sandy.
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