Capitol to Courthouse Florida Insurance Report–Tuesday, June 17
Jun 17, 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
9:00 a.m.–Florida Cabinet meeting. To view the complete agenda, click here.
- To view the Florida Hurricane Catastrophe Fund agenda (Items 11-13), click here.
10:30 a.m.–Florida Division of (Insurance) Agents and Agency Services Proposed Rule Hearing. Tallahassee, Florida. Proposed amendments to Rule 69B-162.011 would conform to SB 166, which substantially revised Florida consumer protection laws relating to the sales of annuities by incorporating the 2010 National Association of Insurance Commissioners’ Suitability in Annuity Transactions Model Regulation. The proposed Rule would extend protections previously afforded to senior consumers in annuity transactions to consumers of any age, along with other changes. To view the hearing notice, click here.
Daily Florida Insurance-Related News
Heritage Insurance Holdings, Inc. announced that on June 13, 2014, it received a court order to transition approximately 35,000 policies of Sunshine State Property & Casualty Insurance Company which is in liquidation.
Bill Signing Makes Florida 22nd State to Pass Medical Marijuana Legislation
With the governor’s signature Monday on the Compassionate Medical Cannabis Act of 2014, Florida became the 22nd state in the nation — not counting the District of Columbia, which is also on board — to pass legislation supporting the use of marijuana for medicinal purposes, Nancy Smith reports for SunshineStateNews.com.
Scott, Crist, State Cabinet Officials Qualify for the Ballot
Monday marked the first day of qualifying for statewide office and some of the biggest names in Florida politics made the ballot as they look toward the August primaries and the general election in November, Kevin Derby and Allison Nielsen report for SunshineStateNews.com.
Rick Scott Posts $132.7 Million Net Worth
Gov. Rick Scott gave a glimpse of his personal wealth Monday, disclosing a net worth of $132.7 million as of the end of last year, in addition to releasing 188 pages of tax returns from 2010 through 2012, THE NEWS SERVICE OF FLORIDA’s Jim Turner reports via SunshineStateNews.com.
FSU application pending, John Thrasher files for re-election
As the search for a new president at Florida State University plays out, Senator John Thrasher, R-St. Augustine, formally qualified Monday to run for re-election in his Northeast Florida district, THE NEWS SERVICE OF FLORIDA reports via the Miami Herald’s “Naked Politics” blog.
Florida congressional maps await judge’s decision
A Florida judge deciding a landmark trial has been given starkly different views of whether legislators violated the law and drew up new congressional districts in 2012 in a way to help Republicans be more easily elected, the Associated Press reports via the Tampa Tribune.
Catastrophe Bond Buyers Listening to Storm Forecasters, Not Buffett
Bond buyers are betting more than ever on the mercy of Mother Nature as they seek to boost yields being suppressed by central banks, Bloomber’s Caroline Chen reports via Insurance Journal.
Federal Insurance Office In Negotiations With European Regulators
State insurance regulators and certain members of Congress are implying that the Federal Insurance Office is “playing footsie” with European regulators over international capital standards, writes National Underwriter’s Arthur Postal in LifeHealthPro.com.
How the insurance industry sees climate change
A major insurance company has moved to protect itself from climate change, and it may be the most important milestone yet in the struggle to contend with global warming, Eugene Linden writes for the Los Angeles Times.
Are America’s Guardrails Dangerous?
Guardrail maker Trinity defends product against whistleblower, Insurance Journal reports.
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