Capitol to Courthouse Florida Insurance Report: Tuesday, March 31, 2015
Mar 31, 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.
Daily Florida Insurance-Related Events
9:00 a.m. to 4:00 p.m.–Florida Commission on Hurricane Loss Projection Methodology Flood Standards Development Committee meeting. Teleconference: 888-670-3525; participant code: 7135858151. Agenda includes discussion of the Meteorological/Hydrological Flood Standards working draft and initial discussion of the Vulnerability Flood Standards. To view the agenda, click here.
10:00 a.m.–Florida Senate Committee on Banking and Insurance meeting. To view the meeting notice, click here. Agenda includes consideration of the following bills, among others:
- SB 1306 relating to insurance fraud
- SB 1088 relating to Civil Remedies Against Insurers
- SB 1250 relating to Motor Vehicle Insurance
- CS/SB 744 relating to Property Insurance Appraisal Umpires and Property Insurance Appraisers
Daily Florida Insurance-Related News
Appeals court weighs Florida’s workers’ comp law
A South Florida appeals court Monday heard arguments in a challenge to the constitutionality of the state’s workers’ compensation insurance system — as two other closely watched challenges also await rulings at the Florida Supreme Court. THE NEWS SERVICE OF FLORIDA reports via the Ft. Myers News-Press.
Florida legislators want for-profit HMOs to compete with non-profits for mental health
The data on Florida’s mental health problem tells the story: People whose mental illness goes untreated are more likely to be addicted to drugs, have children in the state’s child welfare system, draw unemployment checks, and land in prison. The Miami Herald’s Mary Ellen Klas reports for the “Naked Politics” blog.
Florida hospital rate-setting bill would hamstring providers
A well-meaning bill now emerging in the Senate might well throw off the delicate balance of hospital reimbursement in Florida, SaintPetersBlog.com’s Peter Schorsch reports.
Florida Foreclosure Rate Declines 35 Percent, Still Among Highest in Nation
Florida’s foreclosure activity has declined by more than a third from a year ago, but it still ranks as one of the highest in the nation, the Associated Press reports via Insurance Journal.
Florida House moves to reduce youth arrests
A Florida House panel on Monday gave its overwhelming support to a proposal seeking to reduce youth arrests by expanding civil citation programs, the Miami Herald’s Kathleen McGrory reports for the “Naked Politics” blog.
Senate commerce panel says no to Palcohol sales in Florida
A Senate commerce panel on Monday passed a bill that bans the sale of powdered alcohol in Florida, Christine Jordan Sexton reports.
Is Florida ready for slungshots?
Is Florida ready for a new concealed weapon? The Palm Beach Post’s John Kennedy reports for the “Post on Politics” blog.
Endurance to Acquire Montpelier for $1.8 Billion
Bermuda-based Endurance Specialty Holdings Ltd. and Montpelier Re Holdings Ltd. announced a merger today, in which Endurance will acquire Montpelier in a stock-cash deal for roughly $1.8 billion, Insurance Journal reports.
Insurers await states’ rules on self-driving Tesla cars
Auto insurers are in a holding pattern as states work on regulations for Tesla Motors vehicles with a self-driving feature. California, where Tesla is based, allows only specially trained drivers to operate such vehicles, the Huffington Post reports.
Does AQR’s reinsurance exit spell flight of alternative capital?
Hedge fund AQR Capital Management exited the reinsurance market last week, reflecting the high level of competition in the industry and potential pressure on so-called insurance-linked securities funds to follow suit. BNAmericas reports via Advisen.com.
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