Capitol to Courthouse Florida Insurance Report–Tuesday, May 20
May 20, 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.
2:00 p.m.–U.S. House of Representatives Financial Services Committee Hearing: Legislative Proposals to Reform Domestic Insurance Policy. For more information, click here.
Florida emergency planners began a four-day “hurricane exercise” Monday that will help the state prepare for the annual storm season that begins June 1, Lloyd Dunkelberger reports for the Sarasota Herald-Tribune.
Evangelical leaders in Florida have taken on climate change as a cause and are trying to increase pressure on Governor Rick Scott to take action, while criticizing Senator Marco Rubio’s stance on the issue, Tampa Bay Times’ Alex Leary reports.
When it comes to Florida’s property insurance rates, what a difference a little pressure from the state’s chief financial officer can make, the Ocala Star-Banner’s Editorial Board writes.
A CBS 12 investigation uncovered a loophole where criminals can get a Florida driver’s license and registration with no insurance, Peter Schaller reports for WPEC-TV.
Three former WellCare executives were sentenced to federal prison Monday for their roles in a scheme to keep Medicaid money for the company that should have been returned to the state, Tampa Bay Times’ Jodie Tillman reports.
Florida’s two-week redistricting trial began Monday with a GOP political consultant as the first witness called to the stand, the Miami Herald’s Mary Ellen Klas reports via the “Naked Politics” blog.
- GOP consultant got preview of congressional maps
- Appeals court agrees to stay the release of secret docs in redistricting trial
Attorneys for the Legislature’s presiding officers asked the Florida Supreme Court Monday to quash a petition seeking to stop Governor Rick Scott and other political candidates from filing statements of “blind trusts,” instead of detailed financial disclosures, when they qualify for the 2014 elections next month, The Florida Current’s Bill Cotterell reports.
A Deerfield Beach man known for creating hundreds of political action committees – earning him the moniker “PAC Man” – has been hit with the largest fine in Florida elections history, Brittany Wallman reports for the Sun-Sentinel.
After a brutal 2012, Cary Pigman should have an easier path this election cycle with no primary opponents or credible general election threats, Jeff Henderson reports for SunshineStateNews.com.
New York regulators are aiming to strengthen policyholder protection governance of private equity and other acquisitions of insurance companies, especially annuity companies, InsuranceNewsNet.com reports.
The National Flood Insurance Act says policyholders who receive a written denial, or partial denial, of a claim have one year to sue their insurers. There is disagreement over when the clock starts ticking, explains Karen Sudol for the New Jersey Record.
Overstock.com Inc., a discount online retailer based in Salt Lake City, Utah, which sells a range of products including furniture, electronics, clothing and cars, has added insurance to its growing inventory of offerings, InsuranceNetworking.com’s Bob Violino reports.
In its new Global Reinsurance Results Dashboard, Fitch Ratings says that the group of global reinsurers that it tracks improved their reinsurance calendar year combined ratio to 85.4% in 2013, compared with 89.3% in 2012, benefiting from lower catastrophe-related losses, Reuters reports.
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