Capitol to Courthouse Florida Insurance Report: Friday, May 15, 2015
May 15, 2015
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 insurance-related events scheduled for today.
The Florida Supreme Court is ruling that the state’s major property insurer is immune from certain types of lawsuits, the Associated Press reports via the Tampa Tribune.
Florida’s nine-year streak of avoiding hurricanes is helping the state reach a historic milestone: for the first time ever, the state-created fund designed to help pay out claims after storms has enough cash and assets on hand to pay off everything it could owe. The Associated Press’ Gary Fineout reports via Insurance Journal.
The Florida Office of Insurance Regulation has approved the removal of up to 30,000 personal residential policies and 50 commercial residential polices from Citizens Property Insurance Corporation, Insurance Journal reports.
Fitch Ratings has upgraded ratings on senior secured bonds of Florida’s Citizens Property Insurance, Insurance Journal reports.
The Florida PACE Funding Agency is a local government formed as a public service to Florida cities and counties. Through its innovative financing program, E|VEST Florida, the Agency is funding eligible projects for residential and commercial property owners in participating Florida cities and counties.
The Palm Beach Post’s Charles Elmore notes Colodny Fass’ blog that Florida’s top regulator is warning car insurers not to use a pricing practice that can result in discriminatory rates.
Allstate Insurance Co. plans to launch a recruitment campaign to appoint dozens of new agency owners in Florida this year, in addition to filling more than 70 sales positions in agencies across the state. Orlando Business Journal’s Cindy Barth reports.
Governor Rick Scott gave hospitals and health insurers a list of data demands Thursday — and a tight window to meet it — in advance of next week’s first scheduled meeting of his health care commission. The Palm Beach Post’s John Kennedy reports via the “Post on Politics” blog.
Governor Rick Scott directed all state agencies Thursday to draw up lists of “critical service needs . . . in the event Florida is forced into a government shutdown on July 1.” Tampa Bay Times’ Steve Bousquet reports.
- Senators Offer Civics Lessons in Response
- Latvala: Scott’s shutdown talk is “unfortunate . . . not necessary”
Citing a need for pro-business policies and eliminating regulations, Governor Rick Scott on Thursday signed a new law aimed at helping grow Florida’s craft beer industry, including the long-awaited legalization of 64-ounce growlers, Tampa Bay Times’ Michael Auslen reports via “The Buzz” blog.
A potential landmark in Florida’s long-running dispute with Georgia and Alabama over the Apalachicola-Chattahoochee-Flint river system came Wednesday, when 56 people from the three states unanimously approved what they described as a “sustainable water management plan.” THE NEWS SERVICE OF FLORIDA’s Margie Menzel reports via SunshineStateNews.com.
The mild-mannered egg farmer from Trilby, according to Politico’s Marc Caputo, has lined up enough votes to become Senate president for the 2021 and 2022 sessions. Tampa Bay Times Columnist Dan DeWitt writes about Senator Wilton Simpson.
The workers’ compensation industry had a pretty good 2014 in which its combined ratio improved for the third consecutive year, premium grew for the fourth consecutive year, and claim frequency declined about two percent, Insurance Journal reports.
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