Capitol to Courthouse Florida Insurance Report: Wednesday, December 7

Dec 7, 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

 

8:30 a.m.–Florida Workers’ Compensation Insurance Guaranty Association (“FWCIGA”) Investment Committee meeting.  To view the meeting notice, click here.

9:00 a.m.–FWCIGA Board of Directors meeting.  To view the meeting notice, click here.

1:30 p.m.–Citizens Property Insurance Corporation Information Systems Advisory Committee meeting.  To view the meeting notice, click here.

     

     

    Daily Florida Insurance-Related Bills Filed for 2012

     

    SB 1152 Relating to Repeal Of A Workers’ Compensation Independent Actuarial Peer Review Requirement by Senator Garrett Richter

    SB 1152 would repeal provisions relating to the duty of the Florida Financial Services Commission to contract for a periodic report regarding an actuarial peer review and analysis of the ratemaking process of any licensed rating organization that makes rate filings for workers’ compensation insurance. Effective Date:  July 1, 2012

     

     

    Daily Insurance-Related News

     

    Governor Rick Scott wants Citizens Property Insurance Corporation to change but time, politics not in his favor

    The governor is relying on state-backed Citizens Property Insurance Corp. to advocate for its own reforms this year without much pressure from his office.

     

    Governor Rick Scott asks about not insuring new construction                                 

    Governor Rick Scott said Tuesday he is concerned about Florida’s state-backed property insurer providing discounted coverage on new construction projects in high-risk areas.

     

    Blog:  Citizens Property Insurance Corporation plans to shrink could lower its risk by $190 billion

    Citizens Property Insurance could get a green light today to implement changes that would lead to fewer policies, higher premiums and less financial risk for all Floridians.

     

    Blog:  Are insurance premiums giving your Association heartburn? 

    It’s really difficult to swallow the insurance companies arguments that in spite of six years without a hurricane, they still need to raise rates.

     

    You may get some hurricane insurance discounts back

    State changes could cause some to lose discounts

    Some homeowners who spent thousands on home improvements to guard against hurricanes and to qualify for insurance discounts lost them because of changes made last year by the state.

     

    Federal agencies have failed homeowners, Fort Myers woman says during drywall hearing           

    “My husband George and I are just one of tens of thousands of homeowners who, through no fault of our own, have been devastated by having defective drywall in our home,” Fort Myers resident Brenda Brincku told the congressional committee.

     

    Editorial:  Fiscal tempest  

    Florida’s property insurance crisis can be summed up in two words:  Underfunded. Overexposed.

     

    Panel OKs recommendations for public hospitals 

    A panel appointed by Governor Rick Scott to review the role of tax-supported hospitals moved closer to a controversial conclusion on Tuesday, advancing a series of recommendations that could dramatically change the funding of public hospitals.

     

    Florida Senate targets hospital budgets for savings

    Facing a budget deficit Senate President Haridopolos says, “Clearly, I’m going to try to look for savings in hospitals.”

     

    Florida Governor to unveil proposed budget for 2012 

    Florida Governor Rick Scott is rolling out his proposed budget for 2012.

     

    Florida House Offers Seven Plans to Redraw Congressional Districts

    The chairman of the House Redistricting Committee says Republicans will be more disappointed than Democrats as they review the seven maps proposed for the state’s new congressional districts.

     

    Florida debt drops for first time in 20 years

    After adding on an average of $1 billion of debt per year for the past 10 years, Florida’s overall state debt dropped this year for the first time in at least two decades.

     

    Proposed House bill would target Florida Supreme Court’s rulemaking decision

    Among other things, the current draft of a proposed House Rulemaking and Regulation Committee bill would reinstate executive orders and make clear that the Legislature grants the governor the authority to oversee rulemaking by the agency heads he appoints.

     

    Governor Rick Scott’s unemployment compensation, workforce board bills out of first committee

    Although the governor’s office has said he wants mandatory training for low-skilled workers seeking benefits, Representative Doug Holder, R-Sarasota, who is backing the bill, said the training would be optional.

     

    Permit streamlining reappears in the Florida House with possibly fewer objections

    A bill that would streamline permitting and remove regulatory duplication passed a House committee on Tuesday despite concerns raised by environmental groups and the Florida Association of Counties.

     

    Governor Rick Scott wants a billion dollar boost for schools

    Florida Governor Rick Scott wants a billion dollar boost for the state’s public schools in the coming year.

     

    Florida Lawmakers Vow to Fight for Change in Drug Law  

    House and Senate sponsors said they’ll push for changes in Florida’s drug law even if it’s upheld by the Florida Supreme Court.

     

    Fast-moving Florida ethanol bill clears committee despite biofuel industry opposition

    A bill that would repeal the state requirement for ethanol in motor vehicle fuel passed a House committee despite opposition from managers of planned ethanol plants.

     

    Florida Senate President Mike Haridopolos:  Former GOP Chairman Greer should receive severance if acquitted

    Senate President Mike Haridopolos said Tuesday that ousted Republican Party of Florida Chairman Jim Greer should receive a $123,000 severance payment at the center of a legal dispute if he is cleared of criminal charges.

     

    RMS:  Hurricane Season Losses Could Hit To Be Around $5 billion

    Catastrophe modeler Risk Management Solutions says insured losses from the 2011 Atlantic hurricane season will be about $5 billion.

     

    Drywall link to illness hard to prove

    There’s not enough evidence to prove defective drywall is a significant health hazard, federal officials said Tuesday.

     

     

     

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