Capitol to Courthouse Florida Insurance Report–Thursday, June 19

Jun 19, 2014


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


9:30 a.m.–Florida Office of Insurance Regulation (“OIR”) Proposed Rule Hearing.  Tallahassee, Florida.

  • A repeal of Rules 69O-123.001, “Purpose” and 69O-123.002, “Procedure,” relating to the filing of civil remedy notices is proposed because the Florida Department of Financial Services (“DFS”) administers the applicable statutory requirements by Rule 69J-123.002. F.A.C.  The OIR does not enforce the provisions of the filing requirements, therefore the Rules are deemed as unnecessary.  To view the Notice of Proposed Rule, click here.
  • A repeal of Rule Chapter 69O-228 relating to continuing education requirements of insurance representatives is proposed, inasmuch as the OIR does not exercise authority over insurance representatives.  Rather, this is the role of the DFS.
  • Consideration of proposed amendments to Rule 69O-148.001, which addresses requirements for insurance policies that fund annuities and preneed contracts.  Currently, the Rule caps the maximum face amount at $7,500 and the statute caps it at $12,500.  The proposed Rule would remove the dollar amount cap and refer instead to the statute, thereby conforming the Rule with current law.



Daily Florida Insurance-Related News


That 1.3% Hurricane Charge on Your Property and Auto Insurance Is Ending 18 Months Early

Collected to help pay claims from the 2004 and 2005 hurricane seasons, an extra charge on homeowners- and auto-insurance policies will be removed 18 months earlier than previously expected, reports.


Gainesville Fire Rescue improves in insurance ratings for public protection

Property owners in Gainesville should expect to see a reduction in their fire insurance bill in September, Jacqueline Adadi writes for the Florida Independent Alligator.


Uber will talk taxi rules with Orlando City Hall

Orlando Mayor Buddy Dyer is taking a diplomatic approach with Uber, the next-generation taxi service the city says is breaking its cars-for-hire laws, Orlando Sentinel’s Mark Schlueb reports.


Key Biscayne asks state regulators for help in policing weekend offshore mayhem

Key Biscayne’s mayor and police chief pleaded for the help of the Florida Fish and Wildlife Conservation Commission on Wednesday to combat what they call a public safety emergency in the shallow waters off their island village, the Miami Herald’s Sue Cocking reports.


What’s Missing Matters in Florida Redistricting Trial

As Leon County Circuit Judge Terry Lewis begins his final deliberations on congressional districts drawn by lawmakers in 2012, the gaps in conversations among lawmakers and political consultants might be as important as what’s in the record, THE NEWS SERVICE OF FLORIDA’s Brandon Larrabee reports via


After road agency scandal, whom should Scott appoint?

Any day now, Rick Scott is expected to sign the legislation to put the scandal-plagued Orlando Expressway Authority out of its misery, Orlando Sentinel columnist Scott Maxwell writes.


Democrat George Sheldon Qualifies For Florida Attorney General Run

The former head of Florida’s child welfare agency is making his bid for attorney general official, the Associated Press reports via The Tampa Tribune.


Former Legislators, Staff Apply For 2 Openings On Public Service Commission

Former State Representative Jimmy Patronis, who is stepping down because of term limits, is among those applying for openings on Florida’s Public Service Commission, Tampa Bay Times’ Tia Mitchell reports via the “Naked Politics” blog. 


About last night in Fort Lauderdale:  Lone GOP commissioner part of 3-2 vote for gay marriage

One of the votes on the Fort Lauderdale City Commission that tipped the balance narrowly in favor of a same-sex marriage resolution was cast by the lone Republican, the Miami Herald’s Amy Sherman reports via the “Naked Politics” blog.


Guy Carpenter Reports Reinsurers In Standby Mode on Terrorism Re-Authorization

As the threat of terrorism  has evolved, the (re)insurance industry has reacted and adapted, Guy Carpenter notes in a report issued today.


Marsh to Acquire Majority Stake in Panama Broker Semusa

Marsh announced that it has reached a definitive agreement to acquire a majority stake in Panamanian insurance broker and advisor Semusa, Marsh’s long-standing local correspondent broker, Insurance Journal reports.


Ohio ushers in locally based captive insurance companies with new legislation

Ohio companies are able to operate their own locally based commercial insurance subsidiaries under legislation signed into law Tuesday by Governor John Kasich, Columbus Business First’s Evan Weese reports.


PCI Encouraged by Progress in “Trade in Services” Agreement

The newly formed “Trade In Services” agreement would help the U.S. reduce foreign barriers to trade in insurance services that cost U.S. property and casualty insurers nearly $40 billion annually in lost revenue and related jobs, while enabling U.S. insurers to respond to the need for insurance services worldwide, the Property Casualty Insurers Association of America reports via Insurance Journal.


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