Capitol to Courthouse Florida Insurance Report: Wednesday, May 14
May 14, 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.
10:00 a.m.–Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) Investment Committee meeting. To view the agenda, click here.
The main action on property insurance this session centered on SB 542. The measure, waiting the governor’s signature, attempts to lure private companies to offer flood coverage to homes after a 2012 federal law boosted premiums for many coastal homes with National Flood Insurance Program policies. The Florida Current reviews the issues.
Democrat Sean Shaw received $5,000 in April for his House District 61 effort, according to newly filed reports with the Division of Elections, SaintPetersBlog.com’s Phil Ammann reports.
Despite opposition from cities in Miami-Dade County, Governor Rick Scott and the Florida Cabinet approved two nuclear units and 88 miles of transmission lines along with a back-up plan to run the lines through Everglades National Park, The Florida Current’s Bruce Ritchie reports.
Florida House Majority Whip Dana Young announced today her endorsement of “friend and former colleague” Shawn Harrison in his quest to reclaim State House District 63, SaintPetersBlog.com’s Phil Ammann reports.
A top Democratic recruit dropped out of a key Florida congressional contest Tuesday after facing questions about the credibility of his resume, Associated Press reports via the Tampa Tribune.
Former Lt. Gov. Jennifer Carroll continues to make noise about her rocky tenure as Gov. Rick Scott’s No. 2, including new references to Scott having had “issues with HCA and Medicaid fraud.” Tampa Bay Times’ Steve Bousquet reports via the “Naked Politics” blog.
It’s swarm season for Africanized honeybees, as the least desirable tenants in South Florida look for tree cavities, overturned flower pots and other cozy spaces to establish new hives, David Fleshler reports for the Sun-Sentinel.
Republican members of the House Financial Services Committee told Securities and Exchange Commission Chairwoman Mary Jo White, Fed Chairwoman Janet Yellen and Treasury Secretary Jacob Lew on Friday to provide them with documents and answers by May 16 on how the Financial Stability Oversight Council and the Financial Stability Board determines which nonbanks will be determined to be global systemically important financial institutions (G-SIFIs). Melanie Waddell reports for National Underwriter’s PropertyCasualty360.com.
Bank-holding companies reported $6.22 billion in insurance-brokerage fee income for 2013, up slightly from $6.2 billion in 2012 as increases by most bank-holding companies were offset by declines at some of the larger ones, National Underwriter’s PropertyCasualty360.com reports.
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