Capitol to Courthouse Florida Insurance Report: Friday, May 10
May 10, 2013
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.
There are no Florida insurance-related events scheduled for today.
Last year’s hurricane season drove home some big lessons, according to the nation’s chief hurricane forecaster: Storm surge and flooding are dangerous and difficult to predict, and sometimes it’s even harder to communicate that sense of urgency to the public, Insurance Journal’s Jennifer Kay reports from the Governor’s Hurricane Conference in Florida.
The Tampa Tribune’s Michael Bates reports that sinkholes are a drain on the local economy, and the outlook for 2013 remains grim, said Kevin Johnston, a valuation services supervisor with the Hernando County Property Appraiser’s Office.
The Florida Office of Insurance Regulation is conducting a public hearing to review the proposed rate filing for American Security Insurance Company’s property collateral protection program, also known as “lender-placed” or “force-placed” insurance, reports CapitalSoup.com.
HomeServe USA a leading provider of home emergency repair service plans, today announced that it, in association with former New York City Mayor Rudy Giuliani and his team at Giuliani Partners, will be launching a campaign directed at Florida homeowners to educate them on their water service line responsibilities and ways they can protect themselves from the cost and inconvenience of a water service line emergency.
In a news release issued today, InsulStar explained that its product enhances the connection strength of the existing roof system, which helps mitigate the effects of wind uplift pressure.
The Miami Herald’s Dan Chang reports that dozens of Florida community health centers serving the poor and uninsured – including 10 in Miami-Dade and Broward counties – are eligible for a share of $8 million in federal funds to help uninsured individuals obtain health coverage when new marketplaces established under the Affordable Care Act open Oct. 1, U.S. Health and Human Services officials announced Thursday.
Gov. Rick Scott has been on a “victory tour” of schools this week to tout the $480 million in merit-based raises for teachers that lawmakers agreed to fund in their $74.5 billion budget passed last week, Orlando Sentinel’s Aaron Deslatte reports.
Florida Attorney General Pam Bondi voiced her support for the historic appointment of MaryEllen Elia to the State Board of Administration Investment Advisory Council.
The 1st District Court of Appeal in a Martin County land-use case ordered that an administrative judge impose legal fees and sanctions against 1000 Friends of Florida and the Martin County Conservation Alliance. The case, which a dissenting judge said could have a “chilling effect” on citizen participation in land-use disputes, was dismissed Thursday by the Florida Supreme Court without a ruling on its merits reports The Florida Current’s Bruce Ritchie.
There was more money to maneuver with this year as lawmakers enjoyed the first projected surplus in three years, but Gov. Rick Scott didn’t get near his desired amount of incentive funds nor did sports teams make the cut for tax credits, The Florida Current’s “PolicyNote” explains.
State employees’ gained their first pay raise in six years, health insurance coverage was extended to part-time state employees, and the people’s “right to be heard” at meetings conducting public business was approved by lawmakers and sent to Gov. Rick Scott for his decision, The Florida Current’s “PolicyNote” explains.
State Sen. Nancy Detert, R-Venice, told a subcommittee of the U.S. House Ways and Means Committee in Washington, D.C., that regulations aimed at protecting children are often doing more harm than good, Sarasota Herald-Tribune’s Jeremy Wallace reports.
Already the focus of intense scrutiny by lawmakers and elder advocates, Florida’s troubled assisted-living industry has taken another hit: Miami-Dade’s new property appraiser has accused scores of assisted living facilities’ owners of gaining improper homestead exemptions that could cost taxpayers millions of dollars, The Miami Herald’s Carol Marbin Miller continues in her award-winning report “Neglected to Death.”
Demotech, Inc. recently published Analysis of Risk Retention Groups – Year-End 2012 which contains expert analysis from Douglas A. Powell, Senior Financial Analyst, along with industry perspective on other topics pertaining to risk retention groups.
Legislation has been introduced in both the House and Senate aimed at providing additional incentives for states to adopt and enforce uniform building codes, PropertyCasualty360.com‘s Arthur Postal reports.
A consumer advocacy group says the property/casualty insurance industry has been getting a sweet deal worth about $7 billion as a result of the federal government’s program to help pay terrorism insurance claims after private insurance is exhausted, Insurance Journal’s Andrew Simpson reports.
U.S. and International Regulators Advance Global Framework
The NAIC will host the 6th annual International Insurance Forum May 9-10 in Washington, D.C.
Legislation co-sponsored by Assemblyman Ruben Ramos Jr. of Hoboken that will require insurance companies to provide consumers with one-page summaries of their policies was signed into law this week, the New Jersey Star-Ledger reports.
A proposed law that would limit rate increases for Louisiana Citizens Property Insurance Corporation could make it harder to effectively manage the state-backed insurer of last resort, according to the company’s chief executive officer, reports The Advocate’s Ted Griggs.
Rep Paul Tine, who represents Beaufort County in the North Carolina House was reported by the Beaufort News & Observer as having worked to amend H 519 in the House Insurance Committee to broaden the base upon which homeowners’ insurance rates are based.
The New York Times’ Stacy Stowe writes that last fall, after Hurricane Sandy sent water sloshing through her storage container in New Jersey, Ulla Pitha began to worry whether any of her 27 artworks had been damaged. But she worried in particular about one piece: a Mary Cassatt etching.
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