Capitol to Courthouse Florida Insurance Report – Monday, February 22, 2016
Feb 22, 2016
With time starting to run out on an insurance-industry priority, the Palm Beach Post reports Florida Lieutentant Governor Carlos Lopez-Cantera is urging House and Senate leaders to take action on a controversial practice known as “assignment of benefits.”
The Property Casualty Insurers Association of America and the insurance industry have worked with transportation network companies on how to best address the existing insurance gaps and thus protect drivers and passengers, PCI’s Logan McFaddin writes for the Palm Beach Post.
Florida lawmakers will soon begin the delicate and often secretive task of figuring out a budget compromise that combines the priorities of the House, Senate and Governor Rick Scott. Tia Mitchell reports for the Florida Times-Union.
It’s Week 7 of Florida’s 2016 Legislative Session, and Monday brings yet another assortment of policy bills, including measures on gas pumps, self-storage units and even declarations of war, SaintPetersBlog.com reports.
The Legislature could override any of Scott’s vetoes this year, but that’s unlikely to happen for several reasons, says Florida Times-Union’s Tia Mitchell. The highest among them is this Republican-controlled Legislature has to work with the governor, the leader of their party, for two more years. So their goal is to keep him happy so that they keep the vetoes to a minimum.
Apartment List, an online apartment rental marketplace, recently released its Florida Rent Report for February. John Ceballos reports for the Lakeland Ledger.
Barbara Richardson has been appointed as commissioner of the Nevada Division of Insurance. She will join the Division in March, Insurance Journal reports.
Oklahoma lawmakers are in the early stages of considering legislation to create a state-level “earthquake reinsurance program” that its author claims will be modeled on the California Earthquake Authority. Right Street’s Ian Adams blogs via Insurance Journal.
Strength of capital and good enterprise risk management are two of the main reasons the global reinsurance industry will be able to maintain a stable outlook during 2016 from Standard & Poor’s Ratings Services, despite the many competitive pressures it faces, according to Taoufik Gharib, S & P Director. Insurance Journal reports.
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