Capitol to Courthouse Florida Insurance Report: Tuesday, October 11

Oct 11, 2011


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 Office of Insurance Regulation (“OIR”) Public Rate Hearing:  National Council on Compensation Insurance.  To view the hearing notice, click here

(CANCELED) 10:00 a.m.–Florida Surplus Lines Service Office National Clearinghouse Committee meeting.  Agenda includes issues pertaining to the proposed national surplus lines tax clearinghouse.  To view the meeting notice, click here.

2:00 p.m.–Surplus Lines Insurance Multistate Compliance Compact Commission meeting.  Webinar venue.  Agenda includes proposed by-law amendments and various start-up items.

4:30 p.m.–National Association of Insurance Commissioners Executive Committee meeting. To register for the conference call, dial 800-967-4633.  

6:30 p.m.–Auto Insurance Fraud Summit (Miami, Florida).  Public forum on automobile insurance fraud.  Expected to attend are representatives of Florida Chief Financial Officer Jeff Atwater’s office, the OIR, National Insurance Crime Bureau and Florida legislators.



Daily Florida Insurance-Related Bills Filed for 2012


HB 311 relating to Insurance by State Representative Evan Jenne

HB 311 would amend and create provisions of law relating to the acquisition of controlling stock with respect to stock and mutual insurers, including prepaid limited health service organizations, health maintenance organizations, prepaid health clinics, continuing care providers and multiple-employer welfare arrangements within definition of term “insurer.”  The bill provides that a person may not acquire the domestic stock of an insurer or controlling company unless such person has filed with the Florida Insurance Commissioner and sent to the insurer a statement containing specified information, and the offer, request, invitation, agreement or acquisition has been approved by the Insurance Commissioner.  Effective Date:  July 1, 2012



Daily Insurance-Related News


Workers compensation rate increase gets state hearing October 11

The Florida Office of Insurance Regulation will hold a public hearing on October 11 to discuss a proposed workers compensation insurance premium increase that would cost Central Florida businesses $17.5 million.


Marion County family’s car sucked into sinkhole

A Marion County family whose home was teetering on a sinkhole was forced to move out.


Personal Injury Protection Fraud Fix

State law requires all Florida drivers to carry 10-thousand dollars worth of PIP, or personal injury protection insurance.


Florida readies its own health care exchange

Florida’s version aims to give small businesses – those with 50 or fewer employees – an online tool where they can easily shop for health plans offered in their county.


Updated general revenue expected to decline

State economists today will release their revised estimates for general revenue, which are expected to wipe out the narrow surplus they had projected over the summer.


Florida Governor Scott’s transportation plan paved with toll roads

As motor vehicles become increasingly efficient, the accompanying decline fuel tax revenue likely will mean a shift to tolls on Florida highways.


Florida Seeks Outside Counsel for Possible BP Lawsuit

Florida’s attorney general’s office may bring on outside help for a possible lawsuit against petroleum giant BP over the 2010 spill in the Gulf of Mexico.


Police, chamber sergeants prepare for policy allowing guns in Florida Capitol

Until less than two weeks ago, someone with a concealed weapon’s permit wishing to enter Florida’s Capitol with a gun had to leave it in a lock box at the door.


Blog:  Florida Governor Rick Scott criticizes Supreme Court ruling on regulations

Governor Rick Scott on Monday criticized the state Supreme Court for its August ruling that when it comes to rulemaking the governor has to follow the ground rules set out in state law, reports the News Service of Florida.


Weekend storms made big dent in Florida drought

The storm system that swept across South and Central Florida over the weekend didn’t quite measure up to Tropical Storm Fay, which single-handedly busted a two-year-long drought in 2008.


Florida Lawmaker Looks to Repeal State’s Dwarf Tossing Ban

A ban on dwarf tossing at Florida bars has been on the books for over twenty years. 


Tampa company finds sunken ship

Sea explorers announced Monday the discovery of a new sunken treasure that they plan to retrieve from the bottom of the North Atlantic.


Feds Eye Texas Disaster Fund

Texas’ outsourcing of the management of more than $1 billion in federal disaster recovery funds to an engineering firm has raised concern.


Regulators to Set Forth Volcker Rule

The outlines of the Volcker Rule, one of the flagship provisions of the sweeping financial regulatory overhaul passed last year, will begin to take shape this week as regulators propose rules to limit the ability of most banks and Wall Street firms to use their own funds to buy and sell stocks, corporate bonds and derivatives.


Nonadmitted and Reinsurance Reform Act:  An Overview and Status Update on This Critical Legislation

The Nonadmitted and Reinsurance Reform Act, a part of the 2010 Dodd-Frank Act, became effective July 21.


Wall Street Journal:  ‘Strangers’ Score Win In Life-Insurance Case

A federal judge in Pennsylvania has given a win to investors who bought “stranger-originated life Insurance,” lending some support for the practice on the heels of a ruling favorable to the insurance industry in Delaware last month.




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