Capitol to Courthouse Florida Insurance Report: Thursday, February 14

Feb 14, 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.



Daily Florida Insurance-Related Events


    10:00 a.m.–Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) Investment Committee meeting.  To view the meeting notice, click here.  To view the agenda, click here.

      1:00 p.m.–FWCJUA Operations Committee meeting.  To view the meeting notice, click here.  To view the agenda, click here.

        2:00 p.m.–Citizens Property Insurance Corporation Board of Governors meeting.  Teleconference:  (888) 942-8686; conference code:  5743735657#.  Topics to include 2013 Finance Plan including risk transfer and pre-event Planning.  To view the meeting notice, click here.



          Daily Florida Insurance-Related News


          Heavily-Vetted Weston Ready to Shoulder Heavy Load in Florida

          Following nearly two years of modeling, stress-testing and refining its business model, Weston Insurance Co. is ready to embark on a “precedent-setting” move to assume about $30 billion in exposure from Florida’s bloated last-resort insurer.


          Florida politics, property insurance headed for showdown

          For all of Gov. Rick Scott’s bluster about shaping Florida into the most business-friendly state in the union, the governor will have a tougher time addressing a consumer pocketbook issue that threatens millions of Floridians: the soaring cost of property insurance.


          Blog:  Rising sea levels more than just South Florida’s costly problem, officials say

          South Florida lawmakers got a stark look Wednesday at how rising sea levels could dramatically change Palm Beach, Broward, Miami-Dade counties and the Keys in coming years, leading to calls for more state aid to stem the tide.


          Thrasher to Florida Agency for Health Care Administration:  Resolve Medicaid dispute or lawmakers will

          It’s either a standardization of payment of services that rewards efficiencies in a $3 billion program or it’s a reckless reimbursement plan that will shred Florida’s “safety-net” hospitals: teaching hospitals, children’s hospitals and nonprofit hospitals that serve the poor.


          Orlando, state see foreclosure numbers soar

          Orlando and five other Florida cities were among the 10 worst U.S. markets for foreclosures in January, according to a report released as lawmakers rethink the state’s judicial-foreclosure process.


          Florida House panel approves election-law changes

          Unanimous bipartisan support mustered to pass a four-part plan lawmakers say will prevent long lines at the polls.


          Florida House panel passes bill increasing interest rates for small loans

          Rep. Bill Hager was the sole member of the House Insurance and Banking Subcommittee to vote against HB 425, saying the cost to lend is low, so higher interest rates aren’t needed.


          After sharp questioning, House Democrats call prison privatization “a shell game”

          Democrats on a House appropriations subcommittee asked how privatization of state services produces savings. No one could answer their questions. 


          New report shows Florida public pensions in better shape

          A major study questioning the financial health of local governments’ pension programs came under fire in a Florida House committee Wednesday, with one analyst saying it was “way off.”


          Florida governor to lead trade mission to Paris

          Florida Gov. Rick Scott is heading on another trade mission, and this time he’s going to Paris.


          The Florida Current’s 2013 Session Outlook:  Real Estate and Growth Management

          There isn’t much appetite for changing growth management laws, but developers and their allies see the need for fixing legal questions that have arisen. Florida Realtors is backing a foreclosure bill and is pushing for the elimination of the sales tax on commercial rents.


          Jim Greer pleaded guilty, but why?

          For three years, former Republican Party of Florida chairman Jim Greer denied doing anything wrong and promised a trial that would embarrass a lot of people. So why did he plead guilty to five felonies Monday, facing the certainty of spending years in prison?



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