Capitol to Courthouse Florida Insurance Report: Wednesday, March 13
Mar 13, 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.
Florida’s 2013 Regular Legislative Session
- Click here for today’s Senate block calendar
- Click here for today’s House of Representatives block calendar
9:00 a.m. to 11:00 a.m.–Florida House Insurance and Banking Subcommittee meeting; Room 404 House Office Building, Tallahassee. To view the agenda, click here. The Subcommittee will conduct a workshop on HB 1107 by Representative Bill Hager relating to the Florida Hurricane Catastrophe Fund.
The Subcommittee will hear the following insurance-related bills:
- HB 217 by Representative W. Travis Cummings relating to Money Services Businesses
- PCS for HB 383 by Representative Matt Hudson relating to Interstate Insurance Product Regulation Compact
- HB 821 by Representative Clay Ingram relating to Insurer Solvency
- HB 823 by Representative Clay Ingram relating to Public Records Exemption/Insurer Solvency
- HB 251 by Representative Bill Hager relating to Public Depositories
- HB 883 by Representative Jim Boyd relating to Fire Safety and Prevention
- HB 913 by Representative Michael Bileca relating to Holocaust Victims Assistance Act
2:00 p.m.–Florida Division of Insurance Agents and Agency Services Proposed Rule Hearing. Proposed amendments to Rules 69B-228.180, “Forms,” and Rule 69B-228.220, “Licensee Compliance; Requirements; Penalties for Non-Compliance,” would implement changes made to s.626.2815, F.S. Effective October 1, 2014, licensees will be required to complete a five-hour update course every two years specific to the license held. The course will cover insurance law updates, premium discounts, ethics, disciplinary trends, industry trends and suitability of insurance products. This will affect licensees who began their continuing education cycle on November 1, 2012, and are scheduled to complete the cycle in October 2014. To view the hearing notice, click here.
The debate over how to reform Florida’s Citizens Property Insurance Corp. has been a years-long and arduous political battle.
Fitch Ratings assigns an ‘AA’ rating to the following Florida Hurricane Catastrophe Fund (FHCF) Finance Corp bonds: $2 billion revenue bonds, series 2013A.
In the fourth quarter, the largest privately owned homeowners insurance company, Universal Insurance, flipped to a profit, showing considerable improvements over the year before.
Florida legislators changed state law to greatly reduce homeowners’ insurance coverage if a sinkhole damages their property.
The single most important issue facing this legislative session is providing adequate and reasonably priced insurance for Florida homeowners.
The next round won’t be on Representative Ronald Renuart.
For weeks, Florida’s hospital industry has lobbied to expand the Medicaid program under the federal Affordable Care Act — only to see state lawmakers balk.
Florida Lieutenant Governor Jennifer Carroll has resigned – a move that came two days after she was interviewed about her connection to controversial strip-mall casinos, jacksonville.com is reporting.
Budget allocations from both chambers of the Legislature will be unveiled next week, legislative leaders from both sides of the Capitol rotunda said Tuesday.
The defense sector generates $79 billion in total sales in Florida and indirectly supports 758,000 jobs, according to statistics from Enterprise Florida presented Tuesday to the House Veteran and Military Affairs Subcommittee.
A warning to Progress Energy Florida customers about the financial impact of losing the Crystal River nuclear plant: Brace yourselves for “armageddon.”
Former Miami Mayor Manny Diaz is considering whether to leave Florida’s gubernatorial race, a decision that could make it easier for former Republican governor Charlie Crist to sew up the Democratic primary.
A bill that would ban local governments from regulating agricultural tourism passed a House committee on Tuesday despite opposition from cities and counties.
The Senate Children, Families and Elder Affairs Committee will take up a domestic partnership bill at a later date.
Police agencies could not use flying drones for surveillance without search warrants, except in emergencies, under a bill unanimously approved Tuesday by the Senate Judiciary Committee.
An Oklahoma technology company owner was arrested Tuesday in connection to allegations that he made $290 million after supplying illegal gambling software in Florida and claiming the games’ proceeds would benefit a veterans group.
New Jersey Attorney General Jeffrey Chiesa announced the creation of a “Statewide Sandy Fraud Working Group” to serve as New Jersey’s clearinghouse for investigations and prosecution of criminal and civil fraud related to Superstorm Sandy and the disaster recovery process.
New Jersey’s top insurance regulator this week commended the actions of New Jersey community banks, national banks and servicers – including Wells Fargo Bank, JPMorgan Chase, Bank of America, and CitiMortgage.
Long known for its epic weather-related events, a report released today by the National Insurance Crime Bureau indicates that some Texas insurance fraud might also be prompted by weather.
Federal investigators have uncovered the largest crop insurance fraud ring in the country in eastern North Carolina. So far, the massive scheme involves dozens of agents, claims adjusters, brokers and farmers, who have stolen an estimated $100 million, according to the AP.
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