Capitol to Courthouse Florida Insurance Report–Tuesday, January 6, 2015
Jan 6, 2015
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.
1:30 p.m. to 3:30 p.m.—Florida Senate Committee on Banking and Insurance
- Florida Office of Insurance Regulation Presentation
Florida’s state-backed property insurer is lowering the amount of coverage it provides for high-value properties from $1 million to $900,000, per a 2013 law change. Insurance Journal’s Michael Adams reports.
The Sun-Sentinel’s Editorial Board explains that it believes the Legislature’s approach has been based on two false assumptions: that there can be a normal property insurance market in Florida, and that large national carriers will write more policies if premiums are high enough.
Overall, automobile insurance rates have remained the same despite a rewrite of the state’s personal injury protection laws, a new report issued by the Florida Office of Insurance Regulation shows. Christine Jordan Sexton reports for SaintPetersBlog.com.
The Florida Department of Health awarded the grant to Manatee County’s health department to develop plans to safeguard public health against the effects of climate change. The Associated Press reports via SaintPetersBlog.com.
Today’s events will not include an inaugural ball or parade, Lloyd Dunkelberger reports for the Lakeland Ledger.
- Rick Scott Gives GOP an Economic Game Plan in Inaugural Address
- Handful of political challenges face Rick Scott in second term
- 5 challenges for Scott’s second term
- Watch the inaugural ceremonies live on The Florida Channel
Leaders of the Florida Republican Party that supported the state’s 2008 ban on gay marriage were mostly silent Monday as throngs cheered South Florida couples given the right to wed. The Tampa Bay Times reports.
- Bondi’s office: “We wish these couples the best”
- Gay marriage not mentioned during Bondi’s private inaugural celebration
After a spate of questionable inmate deaths in the state prison system and a steady increase in the use of force by guards, a Florida Senate committee began discussions Monday into what it described as substantial reforms to the state’s prison system. The Miami Herald’s Mary Ellen Klas reports via the Tampa Bay Times’ “The Buzz” blog.
The federal government is considering pre-empting inconsistent state laws regarding reinsurance collateral because the inability of states to adopt a uniform approach is increasing the costs of insurance for U.S. consumers. National Underwriter’s Arthur Postal reports via InsuranceNewsNet.com.
U.S. House Financial Services Committee Chairman Jeb Hensarling (R-Tex.) vowed Monday that the House will vote this week on a bipartisan bill to renew the Terrorism Risk Insurance Act as it did last month before the bill died in the Senate. Insurance Journal reports.
Wyoming Governor Matt Mead has selected Paul Thomas Glause as the new commissioner of the Wyoming Department of Insurance, Insurance Journal reports.
At the end of last year – on Dec. 30, in fact-the U.S. Department of Commerce published a proposed rule that spells out how “persons” can become “certified” to access the Death Master File information maintained by the Social Security Administration. Linda Koco reports for InsuranceNewsNet.com.
The Louisiana Department of Insurance has launched a new website aimed at providing improved services to consumers, insurance agents and other groups it regulates, Insurance Journal reports.
A new scientific report warns that the sea is rising at widely varying rates along the North Carolina shore — ranging by 2045 from a possible low of 4 inches at Southport to as much as 12.1 inches on the northern Outer Banks. The Raleigh News & Observer reports via Advisen.com.
Information on how the insurance industry supports businesses, workers and communities through workers’ compensation, disability and life insurance is featured in an Insurance Information Institute brochure, which can be ordered by calling 212-346-5500, by email at firstname.lastname@example.org, or downloaded at http://www.iii.org/sites/default/files/docs/pdf/a_firm_foundation_2015_brochure.pdf.
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