Capitol to Courthouse Florida Insurance Report: Wednesday, February 20
Feb 20, 2013
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.
9:30 a.m.–Florida Office of Insurance Regulation Rule Development Workshop
- Proposed amendments to Rule 69O-137.001 would adopt the 2012 National Association of Insurance Commissioners (“NAIC”) Annual Statement Instructions Manuals. To view the workshop notice, click here.
- Proposed amendments to Rule 69O-138.001 would adopt the 2013 NAIC Financial Condition Examiners Handbook. The current Rule adopted the 2011 version. To view the workshop notice, click here.
Members of the House Insurance and Banking Subcommittee unanimously passed HB 211 Tuesday, which would allow the Florida Insurance Guaranty Association the option of giving property insurance companies at least 90 days to pay assessments to the fund.
As the 2013 legislative session approaches, Florida House and Senate committees continue to discuss what can be done to address the cost of homeowners’ insurance in Florida.
Are we happy that an executive at Florida’s state-run property insurer spent $236.17 for a six-hour hotel stay in Zurich, Switzerland, to freshen up for a meeting? No, but such overbilling isn’t close to the main problem at Citizens Property Insurance Corp.
Key Florida lawmakers are running out of patience with the state’s fraud-plagued no-fault motor vehicle insurance system that has cost policyholders hundred millions of dollars
Ah, Florida. The sun. The sand. The insurance bills bigger than whole countries pay, including India and Russia.
The Canadian Automobile Association is warning their members to take special precautions when traveling internationally – to Florida.
With lobbyists crowding the room, a House panel Tuesday approved a bill that is part of a broader pharmaceutical-industry fight about complex drugs used to treat patients with cancer and other diseases.
Universal Orlando plans to stop offering medical insurance to part-time employees beginning next year, a move the resort says has been forced by the federal government’s health-care overhaul.
A coalition of senior advocates, veterans and other concerned Floridians will be joined by Representative Bryan Nelson on Wednesday, February 20, 2013 at noon on the fourth floor rotunda in the State Capitol for a press conference.
A bill that would require car buyers to send a letter outlining their complaints to a dealer before taking legal action stumbled through the Senate Commerce and Tourism Committee on Tuesday.
A bill that would repeal a state requirement that gasoline contain ethanol passed a House subcommittee on Tuesday by one vote.
Nonviolent prison inmates could spend the final three years of their sentences in specialized re-entry institutions that emphasize rehabilitation and education, under a “smart justice” package introduced Tuesday by two legislators.
A House committee voted Tuesday to introduce a committee bill that is intended to address Federal Emergency Management Agency concerns about legislation in 2012.
Senate President Don Gaetz gathered about 30 business executives in his conference room Tuesday and urged them to get behind an education bill expected to be filed Wednesday morning.
Several Senate Democrats complained Tuesday that Governor Rick Scott’s proposed $74 billion budget includes money the state may not have and said it was a feel-good, but unrealistic suggestion.
More money for ports, better transit system links to aid trade and an emphasis on tolling for new and expanded roads: If Gov. Rick Scott’s transportation agenda for 2013 sounds similar to last year, it’s because it is.
Three of Bermuda’s newest hedge-fund backed reinsurers came under scrutiny yesterday after an international article published by Bloomberg called into question whether the companies’ billionaire backers are exploiting a loophole for US tax avoidance.
- Read the Bloomberg article here.
The sinkhole in northern Assumption Parish, La., continues to grow.
A district-court judge in Pennsylvania has ruled that a series of Chinese drywall claims against Devon International amounts to a single occurrence according to state law, and therefore triggers only one insurance policy Devon had with Cincinnati Insurance Co.
On an icy morning in 2009 Richard W. Wright slid off a North Idaho road and knocked over a speed-limit sign. The retired Florida police officer and then-Kootenai County coffee shop owner went on to work.
The Federal Reserve appears to be reiterating that it will use “bank-centric” standards opposed by the insurance industry in regulating insurance companies that operate thrifts-although some industry trade groups are disputing that interpretation.
XL Group’s reinsurance operations are expanding their footprint in the US with the opening of offices in Philadelphia and Dallas, Texas.
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