Capitol to Courthouse Florida Insurance Report: Monday, June 8, 2015
Jun 8, 2015
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There are no events scheduled for today.
Budget conferees have agreed to target $400 million in recurring general revenue to hospitals – and, as of Saturday morning, to not fund graduate medical education. SaintPetersBlog.com’s Christine Jordan Sexton reports.
After making quick progress early on Saturday, legislative health care budget writers announced at 4 pm they wouldn’t meet again until Sunday. SaintPetersBlog.com’s Christine Jordan Sexton reports.
Florida Chief Financial Officer Jeff Atwater continued efforts to make government more transparent during a “hackathon” in Miami Saturday. He challenged participants to find a way to improve the way governments provide public information and communicate with consumers. SaintPetersBlog.com’s Janelle Irwin reports.
The second day of House-Senate budget negotiations Sunday was quieter than the first but Senator Jack Latvala, R-Clearwater, kept things interesting. Tampa Bay Times’ Steve Bousquet reports via “The Buzz” blog.
The House’s latest budget offer would scrap using bonding to fund land acquisition. But don’t expect it to remain that way, Tampa Bay Times’ Michael Auslen reports via “The Buzz” blog.
The recent flooding in Texas means the end of the road for an estimated 7,000 to 10,000 insured vehicles that suffered water damage, National Insurance Crime Bureau, Insurance Journal reports.
After two years of reinsurance price decreases averaging 15 percent on U.S. property catastrophe placement, risk-adjusted pricing moderated at the latest June 1 renewals, Guy Carpenter said. Mark Hollmer reports for Carrier Management.
A National Association of Insurance Commissioners’ committee approved new indexed universal life illustration guidelines, which are expected to be approved by the full NAIC in a conference call later this month, Arthur Postal reports for InsuranceNewsNet.com.
State Farm Mutual Automobile Insurance Co. said Edward Rust is stepping down as chief executive officer after three decades in the post and will be replaced by the company’s chief operating officer. Bloomberg’s Noah Buhayar reports via Carrier Management.
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