Capitol to Courthouse Florida Insurance Report – Monday, February 22, 2016

Feb 22, 2016


Florida Lieutenant Governor pressures lawmakers on insurance industry priority

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.”


PCI’s Logan McFaddin:  Bills hold promise for ride-sharing insurance

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’s Budget Process Reaches Conference Stage

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.


Monday in the Legislature:  Gas Receipts, Self-Storage, Islamic State

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, reports.


Dancing with the Governor to avoid the veto pen

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.


Florida rental rates outpace rest of U.S.

Apartment List, an online apartment rental marketplace, recently released its Florida Rent Report for February.   John Ceballos reports for the Lakeland Ledger.


Richardson Named Nevada Insurance Commissioner

Barbara Richardson has been appointed as commissioner of the Nevada Division of Insurance.   She will join the Division in March, Insurance Journal reports.


Oklahoma Ponders California Earthquake Insurance Model

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.


Capital Adequacy Is Key Strength of Reinsurers in Difficult Market, Standard & Poor’s Says

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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